Suspect pleads to money laundering _ Local News _ tribdem.com international money laundering laws

In addition to golby, another carrolltown man, matthew bopp, entered a guilty plea to supplying the ring with some of his painkillers.

Assistant U.S. Attorney john valkovci said that golby was drawn into the conspiracy by his friend, gerald “jerry” lowmaster, in late 2010 or early 2011 – several months before the ring was broken up. Lowmaster’s son, george M. “beaver” lowmaster, headed the drug ring.

The father asked – and golby agreed – to convert bills in denominations of $5 to $20 to $100 bills at a bank regularly used by golby in the carrolltown area, valkovci said.

Golby knew that the bills were “street money” from the illegal sales, the prosecutor said.

The ringleader then packaged the bills for mailing to an oregon supplier in exchange for marijuana for street sales, the prosecutor said.

Lowmaster sent 45 packages of the $100 bills, each containing $40,000, every two weeks, valkovci said.International money laundering laws

This took place from march 2009 to may 11, 2011, when the ring was broken up with arrests by federal authorities.

Authorities estimate that during that period, $1.8 million was mailed to oregon, valkovci said.

George lowmaster allegedly remarked, “it was cheaper (to mail) when the money was condensed into $100 bills,” valkovci said.

In may, before the ring was broken up, george lowmaster gave golby $9,000 in street money to convert into the $100 bills, but bank officials told him they had only $8,500 of the bills on hand, valkovci told the judge. When golby told george lowmaster that the money was “short,” lowmaster shrugged it off, saying that he may have calculated incorrectly, according to the prosecutor.

Golby was not the only one who allegedly assisted in the money laundering.

George lowmaster and his uncle, rodney lowmaster, an alleged co-conspirator, allegedly were “making rounds” to get golby and another man to exchange the money, valkovci said.International money laundering laws

George lowmaster allegedly promised to make a $5,000 loan to use as a down payment on an apartment building, it was noted. At times, the ringleader provided golby with marijuana and cocaine, the prosecutor said.

In addition to golby, another carrolltown man, matthew bopp, entered a guilty plea to supplying the ring with some of his painkillers.

Assistant U.S. Attorney john valkovci said that golby was drawn into the conspiracy by his friend, gerald “jerry” lowmaster, in late 2010 or early 2011 – several months before the ring was broken up. Lowmaster’s son, george M. “beaver” lowmaster, headed the drug ring.

The father asked – and golby agreed – to convert bills in denominations of $5 to $20 to $100 bills at a bank regularly used by golby in the carrolltown area, valkovci said.

Golby knew that the bills were “street money” from the illegal sales, the prosecutor said.International money laundering laws

The ringleader then packaged the bills for mailing to an oregon supplier in exchange for marijuana for street sales, the prosecutor said.

Lowmaster sent 45 packages of the $100 bills, each containing $40,000, every two weeks, valkovci said.

This took place from march 2009 to may 11, 2011, when the ring was broken up with arrests by federal authorities.

Authorities estimate that during that period, $1.8 million was mailed to oregon, valkovci said.

George lowmaster allegedly remarked, “it was cheaper (to mail) when the money was condensed into $100 bills,” valkovci said.

In may, before the ring was broken up, george lowmaster gave golby $9,000 in street money to convert into the $100 bills, but bank officials told him they had only $8,500 of the bills on hand, valkovci told the judge. When golby told george lowmaster that the money was “short,” lowmaster shrugged it off, saying that he may have calculated incorrectly, according to the prosecutor.International money laundering laws

Golby was not the only one who allegedly assisted in the money laundering.

George lowmaster and his uncle, rodney lowmaster, an alleged co-conspirator, allegedly were “making rounds” to get golby and another man to exchange the money, valkovci said.

George lowmaster allegedly promised to make a $5,000 loan to use as a down payment on an apartment building, it was noted. At times, the ringleader provided golby with marijuana and cocaine, the prosecutor said.