Former Virginia Attorney Sentenced for Laundering and Attempting to Launder Over $2 Million

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A former Virginia attorney has been sentenced to seven years in prison for conspiring to launder millions of dollars derived from a business email compromise scheme and for attempting to launder funds he believed to be the proceeds of smuggling illegal aliens into the United States and trafficking firearms in Africa.

Raymond Juiwen Ho, 48, pleaded guilty in October to one count of conspiracy to commit money laundering and one count of money laundering. According to federal prosecutors, Ho engaged in a money laundering scheme that resulted in millions of dollars being moved through bank accounts that Ho or his co-conspirators controlled.  This included a scheme that involved sending emails from compromised or imitation accounts that duped victims into transferring money to their accounts.  Ho then laundered these stolen funds through accounts located in the United States and abroad.

Ho engaged in his money laundering business despite multiple instances of banks closing his accounts due to fraud and inquiries by law enforcement. Eventually, in November 2015, Homeland Security Investigations (HSI) initiated an operation in which undercover HSI agents sought Ho’s assistance in moving the proceeds of human smuggling and firearms trafficking between bank accounts located in the United States and overseas. Ho engaged in four such transactions between December 2015 and June 2016, involving over $175,000 that he believed were the proceeds of the illegal smuggling and trafficking activity.

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