(AP) — A 60-year-old Grand Island man has been fined and given probation for structuring deposits to evade currency reporting requirements.

Federal prosecutors say Randy Evans was given five years of probation, was fined $50,000 and is required to forfeit nearly $33,000.

Prosecutors say Evans owns RCE Investments Inc., which did business as Randy Auto Sales in Grand Island. The prosecutors say that between January 2010 and February 2012, Evans made bank deposits of between $1 million and $2.03 million. Cash in the deposits was kept under $10,000, which prosecutors say showed that Evans was purposely evading laws that require banks to report cash transactions of $10,000 and above.