This is what $20 million hidden under a mattress looks like - marketwatch layering money laundering definition

This is what $20 million hidden under a mattress looks like – marketwatch layering money laundering definition

In april 2014, federal agents searched their headquarters in marlborough — sparking the massive pyramid-scheme investigation.

“later that day, carlos wanzeler, one of the founders of the company, allegedly fled to brazil, his native country, where he has remained,” prosecutors said. “wanzeler and telexfree co-founder james merrill were indicted in july 2014 on charges that they operated telexfree as a massive pyramid scheme. Merrill pleaded guilty to those charges in october 2016 and is awaiting sentencing.”

On new year’s eve, rocha — acting as a personal courier for wanzeler’s nephew, who is now serving as a cooperating witness — hopped on a flight from brazil to JFK airport, the complaint says.

He told customs officials he was visiting the big apple for one week to celebrate his honeymoon, the boston globe reported.

After landing, rocha made his way up to massachusetts and met wanzeler’s nephew at a restaurant in hudson.Layering money laundering definition he received a suitcase with $2.2 million upon his arrival, and then promptly headed to his apartment complex in westborough, according to prosecutors.

Little did rocha know that agents had been following his every move, and they arrested him soon after.

Authorities later searched his apartment and stumbled upon the massive stockpile of cash — hidden under the mattress and inside the box spring, the complaint says.

If convicted, rocha faces lengthy prison time.

“the charging statute provides for a sentence of no greater than 20 years in prison, three years of supervised release, and a fine of $250,000 or twice the gross gain or loss, whichever is greater,” prosecutors said. “actual sentences for federal crimes are typically less than the maximum penalties. Sentences are imposed by a federal district court judge based on the US sentencing guidelines and other statutory factors.”

layering money laundering definition

This article first appeared in the new york post.

In april 2014, federal agents searched their headquarters in marlborough — sparking the massive pyramid-scheme investigation.

“later that day, carlos wanzeler, one of the founders of the company, allegedly fled to brazil, his native country, where he has remained,” prosecutors said. “wanzeler and telexfree co-founder james merrill were indicted in july 2014 on charges that they operated telexfree as a massive pyramid scheme. Merrill pleaded guilty to those charges in october 2016 and is awaiting sentencing.”

On new year’s eve, rocha — acting as a personal courier for wanzeler’s nephew, who is now serving as a cooperating witness — hopped on a flight from brazil to JFK airport, the complaint says.

He told customs officials he was visiting the big apple for one week to celebrate his honeymoon, the boston globe reported.Layering money laundering definition

After landing, rocha made his way up to massachusetts and met wanzeler’s nephew at a restaurant in hudson. He received a suitcase with $2.2 million upon his arrival, and then promptly headed to his apartment complex in westborough, according to prosecutors.

Little did rocha know that agents had been following his every move, and they arrested him soon after.

Authorities later searched his apartment and stumbled upon the massive stockpile of cash — hidden under the mattress and inside the box spring, the complaint says.

If convicted, rocha faces lengthy prison time.

“the charging statute provides for a sentence of no greater than 20 years in prison, three years of supervised release, and a fine of $250,000 or twice the gross gain or loss, whichever is greater,” prosecutors said. “actual sentences for federal crimes are typically less than the maximum penalties.Layering money laundering definition sentences are imposed by a federal district court judge based on the US sentencing guidelines and other statutory factors.”

This article first appeared in the new york post.

In april 2014, federal agents searched their headquarters in marlborough — sparking the massive pyramid-scheme investigation.

“later that day, carlos wanzeler, one of the founders of the company, allegedly fled to brazil, his native country, where he has remained,” prosecutors said. “wanzeler and telexfree co-founder james merrill were indicted in july 2014 on charges that they operated telexfree as a massive pyramid scheme. Merrill pleaded guilty to those charges in october 2016 and is awaiting sentencing.”

On new year’s eve, rocha — acting as a personal courier for wanzeler’s nephew, who is now serving as a cooperating witness — hopped on a flight from brazil to JFK airport, the complaint says.Layering money laundering definition

He told customs officials he was visiting the big apple for one week to celebrate his honeymoon, the boston globe reported.

After landing, rocha made his way up to massachusetts and met wanzeler’s nephew at a restaurant in hudson. He received a suitcase with $2.2 million upon his arrival, and then promptly headed to his apartment complex in westborough, according to prosecutors.

Little did rocha know that agents had been following his every move, and they arrested him soon after.

Authorities later searched his apartment and stumbled upon the massive stockpile of cash — hidden under the mattress and inside the box spring, the complaint says.

If convicted, rocha faces lengthy prison time.

“the charging statute provides for a sentence of no greater than 20 years in prison, three years of supervised release, and a fine of $250,000 or twice the gross gain or loss, whichever is greater,” prosecutors said.Layering money laundering definition “actual sentences for federal crimes are typically less than the maximum penalties. Sentences are imposed by a federal district court judge based on the US sentencing guidelines and other statutory factors.”

This article first appeared in the new york post.

In april 2014, federal agents searched their headquarters in marlborough — sparking the massive pyramid-scheme investigation.

“later that day, carlos wanzeler, one of the founders of the company, allegedly fled to brazil, his native country, where he has remained,” prosecutors said. “wanzeler and telexfree co-founder james merrill were indicted in july 2014 on charges that they operated telexfree as a massive pyramid scheme. Merrill pleaded guilty to those charges in october 2016 and is awaiting sentencing.”

On new year’s eve, rocha — acting as a personal courier for wanzeler’s nephew, who is now serving as a cooperating witness — hopped on a flight from brazil to JFK airport, the complaint says.Layering money laundering definition

He told customs officials he was visiting the big apple for one week to celebrate his honeymoon, the boston globe reported.

After landing, rocha made his way up to massachusetts and met wanzeler’s nephew at a restaurant in hudson. He received a suitcase with $2.2 million upon his arrival, and then promptly headed to his apartment complex in westborough, according to prosecutors.

Little did rocha know that agents had been following his every move, and they arrested him soon after.

Authorities later searched his apartment and stumbled upon the massive stockpile of cash — hidden under the mattress and inside the box spring, the complaint says.

If convicted, rocha faces lengthy prison time.

“the charging statute provides for a sentence of no greater than 20 years in prison, three years of supervised release, and a fine of $250,000 or twice the gross gain or loss, whichever is greater,” prosecutors said.Layering money laundering definition “actual sentences for federal crimes are typically less than the maximum penalties. Sentences are imposed by a federal district court judge based on the US sentencing guidelines and other statutory factors.”

This article first appeared in the new york post.