Mcalester Man Pleads Guilty To Money Laundering Conspiracy
MUSKOGEE, OKLAHOMA – Sheldon J. Sperling, United States Attorney for the Eastern District of Oklahoma, announced today that BRIAN FRY, age 25, of McAlester, Oklahoma, pled guilty to money laundering conspiracy, in violation of Title 18 U.S.C. Sections 1956(h) and 1956(a)(1)(B).
“Charges arose from an investigation by the Drug Enforcement Administration, the Oklahoma Bureau of Narcotics, the McAlester Police Department and the Internal Revenue Service. A one-count felony information was filed today charging FRY with conspiring with others to launder money,” stated U.S. Attorney Sheldon J. Sperling. “The defendant waived indictment and pled guilty.”
“The charging document, to which the defendant pled guilty, alleged that from about 1995 and continuing to July 19, 2007, FRY and others engaged in financial transactions in criminally derived property to further drug business and conceal the true source of assets. FRY and others used a portion of money derived from the sale of methamphetamine to purchase additional methamphetamine. Additionally, they invested a portion of the proceeds of their illegal drug sales in assets in such a manner to obscure and hide the true source of the money. As part of the conspiracy they purchased assets using currency in such an amount, quantity and form so that the true source of the funds used to purchase the assets were hidden from law enforcement. It was further part of the conspiracy that they titled purchased assets in the names of nominee owners to avoid potential exposure to forfeiture provisions of drug and money laundering statutes in an effort to preserve their ill gotten gains,” continued U.S. Attorney Sperling.
“The Honorable Steven P. Shreder, Magistrate Judge in the United States District Court for the Eastern District of Oklahoma, in Muskogee, accepted the defendant’s guilty plea and ordered the completion of a presentence report. Sentencing will be scheduled following its completion. The defendant is in the custody of the United States Marshal Service, pending sentencing.”
“The statutory range of punishment is up to 20 years imprisonment and/or fines totaling $500,000 or twice the value of the property involved with the transaction, whichever is greater,” stated U.S. Attorney Sperling.
“Assistant United States Attorney Dennis A. Fries represented the government.”
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