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Springfield Woman Indicted For Reselling Stolen Goods, Money Laundering Springfield Woman Indicted For Reselling Stolen Goods, Money Laundering
Springfield Woman Indicted For Reselling Stolen Goods, Money Laundering A Western Massachusetts pawn shop owner was indicted on accusations of money laundering and reselling stolen goods on eBay. Mimi Mai, age 48, of Springfield, was indicted on Tuesday, Feb. 22, on one count of interstate transportation of stolen goods, four counts of money laundering and two counts of engaging in monetary transactions in property derived from specified unlawful activity, according to the United States Attorney’s Office for the District of Massachusetts. Mai was arrested on Tuesday, the report said.  Mai owned and operated the EZ Exchange pawn shop in Holy…

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by Nicole Valinote
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CT Trio Found Guilty In $5 Million Fraud Scheme CT Trio Found Guilty In $5 Million Fraud Scheme
CT Trio Found Guilty In $5 Million Fraud Scheme Three former Connecticut residents were found guilty of charges related to their participation in scams that defrauded hundreds of victims across the United States of a total of more than $5 million. Farouq Fasasi, age 27, 31-year-old Rodney Thomas Jr., and 32-year-old Ralph Pierre, all ex-New Haven residents, were convicted on Tuesday, Feb. 15, of conspiracy, fraud and money laundering offenses, according to US Attorney Leonard Boyle. Between August of 2015 and March of 2020, Fasasi, Thomas and others participated in lottery scams and romance scams to get victims to send them money, gift c…

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by Nicole Valinote
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NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients
NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients A former registered investment adviser and founder of a New York financial advisory firm has been charged with fraud and money laundering. An indictment was unsealed on Monday, Dec. 6 in federal court in Central Islip charging Long Island resident Jeffrey Slothower, of Suffolk County, with wire fraud, investment adviser fraud, and money laundering in connection with a scheme to misappropriate more than $1 million from current and prospective clients. Slothower was arrested earlier in the day at his home in Southampton. “As alleged, Slothower executed a calculated scheme in which he repeate…

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by Joe Lombardi
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Duo From Region Convicted In Large-Scale Heroin, Cocaine Trafficking Conspiracy Duo From Region Convicted In Large-Scale Heroin, Cocaine Trafficking Conspiracy
Duo From Region Convicted In Large-Scale Heroin, Cocaine Trafficking Conspiracy Two Western Massachusetts men have been convicted by a federal jury for their roles in a large-scale drug trafficking organization supplied by sources in Mexico and spanning at least four states. According to the US Attorney's Office, Isaac Cardona, age 34, and Rafael Cardona Sr., age 61, both of Springfield, were convicted on Monday, Oct. 18, following a nine-day trial of conspiracy to distribute to possess with intent to distribute more than 500 grams of cocaine and one kilogram of heroin.  Isaac Cardona was also convicted of conspiracy to commit money laundering.  The Cardona'…

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by Kathy Reakes
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CT Auto Dealer Admits To Cocaine Trafficking, Money Laundering CT Auto Dealer Admits To Cocaine Trafficking, Money Laundering
CT Auto Dealer Admits To Cocaine Trafficking, Money Laundering A Western Massachusetts man admitted to conspiring to traffic cocaine and using his Connecticut auto dealership to launder money following a yearlong investigation into a large-scale drug trafficking organization supplying narcotics to dealers in multiple states from Mexico, authorities announced. Miguel Betancourt, age 53, of Springfield, pleaded guilty to single counts of conspiracy to distribute cocaine conspiracy to commit money laundering in federal court. Acting US Attorney Nathaniel Mendell said that Betancourt was indicted in November 2017 as part of a 14-month wiretap investig…

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by Zak Failla