U.S. Attorney Preet Bharara announced the two-year sentence Tuesday for Ilya Boruch (EEL'-yah buh-ROOK') of Forest Hills, Queens.
Boruch was convicted of conspiring to hide more than $390,000 from the Internal Revenue Service. He was arrested in 2008 and convicted last year.
Prosecutors say Boruch repeatedly met with two other people on New York City street corners to pick up "vast quantities of cash" in shopping bags.
Authorities say those people had obtained hundreds of stolen bank account numbers and PINs from overseas co-conspirators.
Boruch converted the cash, without filing required reports, through the Russia-based WebMoney system.
He was acquitted of money-laundering conspiracy.
He was owner of Bidding Expert, Inc. in Rego Park, Queens.