News Release
June 30, 2008

Miami-Dade Couple Sentenced for Money Laundering

JUN 30 -- Mark R. Trouville, Special Agent in Charge, Drug Enforcement Administration (DEA), Miami Field Division, R. Alexander Acosta, United States Attorney for the Southern District of Florida (SDFL), and Michael E. Yasofsky, Special Agent in Charge, Internal Revenue Service (IRS), Criminal Investigation Division, announced that Irven Pressley and his ex-wife, Cynthia Pressley, were sentenced in federal court in Fort Lauderdale. The defendants, who were charged in an 88-count indictment, had previously pled guilty to money laundering, in violation of Title 18 United States Code, Section 1956(h). Irven Pressley was sentenced to 114 months imprisonment and Cynthia Pressley was sentenced to 54 months imprisonment.

According to the court documents, Irven Pressley distributed cocaine in the SDFL. Additionally, from late 1989 until December 2004, Irven and Cynthia Pressley conspired to launder funds obtained from Irven Pressley’s cocaine sales. In total, the conspiracy laundered more than $1.5 million. Mr. Acosta commended the investigative efforts of the DEA and IRS.