Showing posts with label "money laundering". Show all posts
Showing posts with label "money laundering". Show all posts

Monday, March 31, 2008

Ruling On Illegal FBI Search To Stand

The Supreme Court on Monday let stand a lower court ruling that the F.B.I. went too far in searching the office of Representative William J. Jefferson, a Louisiana Democrat accused of using his position to promote business deals in Africa.

The appeals court did not find that the raid itself was unconstitutional; rather, it found that the F.B.I. violated constitutional separation of powers by allowing agents to look freely through Congressional files for incriminating evidence.

The ruling last August told the bureau to return legislative documents to Mr. Jefferson. It did not, however, affect other items seized from his office, including computer hard drives. Nor did it affect evidence seized in a separate raid on the Congressman’s Washington-area home, including $90,000 found wrapped in aluminum foil in frozen-food containers in his kitchen freezer.

The 18-hour search of Mr. Jefferson’s office on Capitol Hill marked the first time that the F.B.I. had searched a Congressional office, and it touched off a clash between the Bush administration and lawmakers of both parties. Mr. Jefferson has been indicted on charges of bribery, racketeering, conspiracy, money laundering and obstruction of justice. He has pleaded not guilty. The Justice Department said last August that the circuit court ruling would not affect the prosecution of Mr. Jefferson.

Thursday, March 20, 2008

State Rep. Pleads Guilty To Money Laundering

State Rep. Ron Sailor on Tuesday pleaded guilty to laundering what he believed to be $375,000 in drug money for an undercover officer posing as a drug dealer.

Sailor, 33, a Democrat who represents parts of DeKalb and Rockdale counties, agreed to resign his position in the legislature. Shortly after his arrest three months ago, Sailor admitted his wrongdoing and began providing information for a public corruption investigation.

Sailor was arrested by federal agents at a metro Atlanta hotel on Dec. 19, after taking what he believed to be $300,000 in cash from a drug dealer, who actually was an undercover officer.

Sailor entered his negotiated plea before U.S. District Judge Jack Camp, who will sentence Sailor on May 22. Sailor faces a maximum sentence of 20 years in prison but is expected to get credit for his cooperation with authorities, his lawyer, Bruce Maloy, said after the plea.

Money laundering involves structuring financial transactions to conceal the source of funds.

Monday, February 25, 2008

Flipping Scheme Sentencing Hearings Set

Sentencing dates have been set for next month for two of the three men who pleaded guilty in April 2006 to multiple fraud charges in a real estate flipping scheme involving rundown rental homes sold at inflated prices in Springfield and Decatur.


Gary Knox, the mastermind of the scheme, is to be sentenced March 5 and faces 151/2 to 191/2 years in prison. Frank Kelly Ciota, of Riverton, is to be sentenced March 12 and could face 61/2 to 8 years in prison, according to Sharon Paul, spokeswoman for the U.S. attorney’s office.

A third man, Dennis Wiese Jr., of Washington County, faces sentencing in May. His sentence range has not been determined.