Florida Men Sentenced to Prison for Laundering Funds from Venezuela

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The owners of a Florida construction equipment exporter were sentenced to prison on Tuesday after they were found guilty of money laundering and illegally transferring more than $100 million from businesses largely in Venezuela to U.S. and foreign bank accounts.

Luis Diaz Jr., 76, was sentenced to eight months in prison U.S. District Judge William Pauley in Manhattan, while his son, Luis Javier Diaz, 51, was sentenced to four months.

Prosecutors had said that federal guidelines called for a sentence of more than 12 years, and had argued that the two deserved a sentence below that, but still “substantial.”

“Today’s sentence is a sign of the seriousness of these crimes and our Office’s commitment to prosecute them,” Assistant U.S. Attorney Geoffrey Berman said in a statement.

Read the original article here: reuters.com


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