Jump To Navigation

Baton Rouge store owners indicted on money laundering charges

A 2009 investigation conducted by the Drug Enforcement Administration on a 38-year-old Baton Rouge resident and a 29-year-old resident of New Orleans has resulted in an indictment on conspiracy to launder money against them and two additional suspects. A fifth person was also charged in a separate indictment on conspiracy to possess and distribute a controlled substance known as MDMA or ecstacy, in addition to the money laundering charges.

The fifth person charged is one of the corporate owners of the Baton Rouge Quality Express convenience store. The three other defendants, also from Baton Rouge, were employees of the store. According to the indictment, the store charged a fee to customers for cashing checks, currency exchange services and money transfers. In March of 2010 the DEA joined up with the IRS to target the convenience store in a white collar crime sting to uncover money laundering activities.

Over a 13-month period, an undercover IRS agent posed as a drug dealer with a desire to launder drug proceeds. The agent and another undercover source used the convenience store to launder $275,000 in "drug money" to a location in Houston. Both the undercover agent and the confidential source made the store operators aware of the fact they were laundering drug money, again according to the indictment.

There is a legal requirement for the owners and employees of the store to report to the IRS any suspicious financial transactions in excess of $2,000 and any transactions involving more than $10,000 in cash. There were a total of six transactions performed by the undercover agent ranging from $12,000 to $90,000 and none were reported to the authorities.

All five of the men charged are facing serious penalties if convicted and prosecutors have said they are seeking forfeiture of the convenience store property in the case. There were no reports on whether the men retained a criminal defense attorney after their arrests. Regardless of how extensive the evidence may appear in any given case, a criminal defense attorney can help negotiate with prosecutors on the actual charges after a thorough review of the evidence in a case.

Source: The Advocate, "Four indicted for money laundering," Bill Lodge, June 6, 2012

2 Comments

Thefts of identities are becoming more and more common as the Internet gradually becomes engrained in our society. However, the fact that this crime is very common does not make it less serious in the eyes of the courts. Cyber crimes, including these types of thefts of personal information, leave a nasty trail behind, making it harder for attorneys to fight for their clients in these cases. This is why it is so vital to have one who understands the nature of the crime as well as the laws that surround computer crimes.

Leave a comment
Comment Information

Do You Have a Case?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Subscribe to This Blog's Feed

Contact Us

[an error occurred while processing this directive]