Florida Man WIll Face Money Laundering Charges in Boston
APR 03-- BOSTON, MA - A Florida man faces money laundering charges in Boston after appearing in federal court in Miami.
Steven W. Derr, Special Agent in Charge of the Drug Enforcement Administration - Boston Field Division; United States Attorney Michael J. Sullivan, Richard Weber; Chief of the Department of Justice's Asset Forfeiture and Money Laundering Section, Susan Dukes, Special Agent in Charge of the Internal Revenue Service, Criminal Investigation - Boston Field Office; and Colonel Mark Delaney, Superintendent of the Massachusetts State Police announced today that RAMA K. VYASULU, a Florida man with connections to Venezuela, will face money laundering charges in U.S. District Court in Boston.
VYASULU was arrested on Wednesday, March 25, 2009, in the Miami, Florida area. In proceedings this morning before a federal magistrate judge in Miami, VYASULU indicated through counsel that he would agree to face these charges in Boston. A further hearing is scheduled in Miami on Monday, April 6, 2009.
The Indictment, returned by a Boston federal grand jury on March 18, 2009 charges that on three occasions, in November 2008, January 2009, and March 2009, VYASULU participated in wire-transferring, from Massachusetts to Florida, a total of $900,000 that an undercover law enforcement officer had represented to be drug proceeds.
If convicted, VYASULU faces a maximum penalty of 20 years' imprisonment and forfeiture of all property involved in the offense on each charge.