US authorities have sentenced a 35-year-old woman and a 47-year-old man to 5 years 10 months and 5 years 3 months in federal prison, respectively, for conspiring to commit money laundering. The couple will also have to forfeit $21,567,939 in illicit proceeds obtained from the conspiracy.
The convicts led a Florida-based money laundering organization that laundered over $20 million in drug trafficking proceeds in nearly 400 transactions. The couple would receive the illicit proceeds and give huge sums of cash (with instructions) to people specially hired to purchase cashier’s checks. The recruits would then give the cashier’s checks to other entities involved in the conspiracy.
In June 2019, authorities found the female convict in possession of a bag containing cashier’s checks and receipts for over $1 million. The convicts laundered at least $21,567,939 through the conspiracy, retaining 3% of the funds as commission.
Source: US Department of Justice