Grand Jury Charges Family With Money Laundering
A federal grand jury has charged a father, mother and daughter in a 33-count indictment returned here on
Parents
The indictment alleges that in 2009 two life-insurance policies were fraudulently purchased insuring another relative for a combined
The policy applications falsely stated that the relative had never been diagnosed with diabetes, high blood pressure or ulcers, among other conditions, and that the relative had not had any medication in the 12 months before the application was prepared. The defendants reported the person's weight as 170 pounds, when in actuality the person's true weight was approximately 375 to 400 pounds.
As part of the application process for the life insurance, a medical examination was required.
"In early
In early 2011, amendments were made to the owners and beneficiaries of the two policies to name Patricia and
The defendants then engaged in a complex sequence of transactions allegedly designed to conceal and disguise the nature, location, source, ownership or control of the proceeds of the life-insurance fraud.
They also purchased a 2012 Bentley GT Convertible for approximately
Money laundering conspiracy is a crime punishable by up to 20 years in prison and money laundering carries a potential maximum sentence of 10 years in prison.
An indictment merely contains allegations, and the defendants are presumed innocent unless proven guilty in a court of law.
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