Fitchburg Man Charged with Cash Laundering and Unlawful Cash Transmission for Changing Money to Bitcoin | USAO-MA

BOSTON – A man from Fitchburg was charged by a grand jury in connection with his alleged involvement in an unlicensed money transfer business in which cash was exchanged for bitcoin for people allegedly involved in the illegal trade in counterfeit goods.

Alan Joseph, 32, was charged today with running an unlicensed money transfer company and running four money laundering cases. Joseph was initially prosecuted and arrested in February 2021.

According to indictments, Joseph was involved in at least four financial transactions between August 2020 and February 2021 in which he converted bitcoin into cash in connection with what federal law believes was illegal trade in counterfeit goods. Bitcoin is a form of virtual currency or cryptocurrency that has no physical form and is only traded electronically.

Joseph reportedly tried to promote and hide the nature of such illegal activities. For example, on August 12, 2020, Joseph converted approximately $ 12,000 in cash into Bitcoin for an undercover agent whom Joseph believed was a seller of counterfeit “Gucci” products made in China. The undercover agent also argued that its Chinese supplier required Bitcoin to purchase the product. About two months later, on October 28, 2020, Joseph reportedly converted about $ 25,000 in cash to Bitcoin for the same undercover agent. During that meeting, the undercover agent told Joseph that the money Joseph converted came from “wealthy housewives” who bought “counterfeit” items. It is also alleged that Joseph expressed an interest in buying counterfeit goods from the undercover agent.

Contrary to federal laws and regulations, Joseph did not register his money transfer business with the Treasury Department, nor did he request identification from the undercover agent during meetings.

The money laundering charge includes a prison sentence of up to 20 years, a supervised release of up to three years and a fine of $ 250,000. Charges for running an unlicensed money transfer company include a prison sentence of up to five years, a supervised release of up to three years, and a fine of $ 250,000. Sentences are passed by a federal district judge based on U.S. sentencing guidelines and other legal factors.

Acting United States Attorney, Nathaniel R. Mendell; Joseph R. Bonavolonta, special envoy for the Federal Bureau of Investigation; William S. Walker, homeland security investigative special agent in Boston; Ramsey E. Covington, Assistant Special Representative for Criminal Investigation, Internal Revenue Services; and Joseph W. Cronin, US Postal Inspectorate, made the announcement. US Assistant Attorney John T. Mulcahy of Mendell’s Worcester office is pursuing the case.

The information contained in the fee documents are allegations. The accused is presumed innocent unless and until he has been found unequivocally guilty in a court of law.

Harrison Township man hit with bribery, cash laundering fees for unlawful asbestos work

ON Harrison Township Man was charged with multiple crimes for misrepresenting project costs and bribery when running an asbestos removal company.

Kevin Woods faces financial penalties of up to $ 100,000 and several decades in jail after allegedly laundering money from subcontracting home demolition Detroit Landbank Authority.

In addition to bribing an employee of a large demolition company in the southeast Michigan He violated state law on contracts when employees of an air surveillance company he also owned did rework on homes where he had removed asbestos and made hundreds of thousands of dollars.

“While the complexity of this suspected financial crime cannot go unnoticed, I am grateful for the thorough work of my prosecutors and those in the office of the Special Inspector General for the Troubled Asset Relief Program,” said Nessel.

Woods, 50, ran BBEK Environmental, an asbestos removal company labyrinthwas initially suspended from working with the city Detroit in July 2019. However, he signed contracts with the city in 2015.

For the next four years, BBEK was chosen frequently to do mitigation work for Adamo Group after Woods bribed Aradondo Haskins – an employee of the company – which allowed Woods to land contracts.

After the reduction was complete, air monitoring companies HC Consulting Services and Green Way Environmental performed post-work quality checks. Both companies are also owned by Woods and have made $ 400,000 in profits.

However, state law mandates that all post-reduction air quality checks must be performed by an independent third party separate from the subcontractor. Forest injured this rule for years.

“The law requiring air quality monitors to be independent of those who remove asbestos and other hazardous materials is critical to protecting the health and safety of Michigan communities. SIGTARP commends Michigan Attorney General Nettle for helping us stands by to prosecute this alleged violation of this law combined with bribery, “said Christy Goldsmith Romero, TARP’s Special Inspector General.

In addition, Woods allegedly forged project costs, which reduced the amount of money he owed the state licensing agency. He had to transfer 1% of the project costs to the Asbestos Removal Fund under the Asbestos Control Company Licensing Act, but devalued the projects he was working on by up to 50% to avoid paying.

A forensic review of the crimes revealed that he had defrauded the state of $ 26,000 in fees.

Woods turned into an agency on Tuesday and was indicted Wednesday morning. They include:

  • Four US $ 100,000 false positives, a 20 year crime;
  • A false scam count between $ 1,000 and $ 20,000, a five year crime;
  • A count of money laundering, a 10 year crime; and
  • A bribe count by an agent or employee, a year long offense

Haskins, who took bribes from Woods, was charged by the federal government with manipulating offers made to another contractor. He pleaded guilty to a conspiracy to have committed bribery and fraud with honest service. He has since served prison term.