Two Dominican men residing in New Jersey, They admitted their role in an illegal money transmission business on Monday, acting federal prosecutor Rachael A. Honig announced.
Erickson Checo Almonte, 31 from Passaic, and Jordano Abreu Diaz, 24 Clifton, New Jersey, pleaded guilty via videoconference, Oct.25, 2021 before the US District, for information against them that accused them of helping and instigating an illegal money transmission business.
According to the documents filed in this case and statements made in court:
From April 2017 to March 2019, Erickson Checo Almonte accepted more than $ 3.9 million in cash, and he purchased more than 137 cashiers checks at local bank branches in New Jersey and elsewhere.
From November 2016 to August 2017, Abreu Díaz he accepted more than 1 million in cash, and bought 39 cashier’s checks at banks in New Jersey and elsewhere.
Both men admitted that the cash they used to buy the checks came from an illegal activity.
The investigation revealed that the cash was the product of illegal drug distribution.
The check purchases were part of a large-scale illegal money laundering and transmission scheme designed to conceal the illegal source of the cash and transfer it from New Jersey to the Dominican Republic and Colombia, while attempting to avoid scrutiny by the forces. law enforcement and US banks.
The charge of complicity in an illegal money transmission business carries a maximum penalty of five years in prison and a fine of $ 250,000,000, or twice the amount involved in the crime.
Sentencing for both defendants is scheduled for March 2, 2022.
Two Passaic County residents admitted their role in a $ 27 million money laundering scheme that sought to transfer drug proceeds to overseas cartels after disguising the source of the funds, using cashier’s checks, according to the US Attorney’s Office.
Erickson Checo Almonte, 31, of Passaic, and Jordano Abreu Diaz, 24, of Clifton, pleaded guilty separately in federal court Monday, acknowledging that they laundered up to 3.9 million in illicit proceeds.
Felicia Almonte, from Passaic.
Julio de la Cruz Acosta, from Paterson.
Willy Cruz Bonilla, from Paterson.
Emmanuel Núñez Reyes, from Paterson.