Log in

Maryland Chapter 21 of Association of Certified Fraud Examiners

Maryland Man Pleads Guilty to Conspiracy to Commit Money Laundering Involving More Than $1.8 Million In Drug Proceeds

04 Apr 2024 11:05 PM | Anonymous

According to the guilty plea, as part of the drug trafficking organization, the Maryland man handled bulk cash narcotics proceeds while his associates were responsible for street-level distribution of narcotics.  Members of the drug trafficking organization shared the cash proceeds of their street-level distributions with the man, who laundered the money on behalf of the organization.  He conducted “money drops” in which he transported large sums of drug proceeds to an individual purporting to act on behalf of a Mexican Cartel. Source: US Attorney, District of Maryland

Maryland Chapter 21 of Association of Certified Fraud Examiners

Copyright 2019 ACFEMD. All Rights Reserved. Site by SPARKS!

Powered by Wild Apricot Membership Software