Kenneth Rijock

Kenneth Rijock

Tuesday, April 30, 2013

LAUNDRYMAN WHO SENT $63m IN MEDICARE FRAUD PROFITS TO CUBA IS SENTENCED



Oscar L Sanchez, whom readers may recall* was the money launderer who moved tens of millions of dollars in Medicare Fraud profits to government-controlled banks in Cuba, through his small Naples, Florida cheque-cashing store, has been sentenced in Federal Court in Miami. He cooperated with US authorities, and provided Substantial Assistance regarding indictments of three individuals involved in the massive fraud. His sentence has been the subject of much speculation, due to the amount of funds he laundered, through Canada and Trinidad, and on into Cuba.

Sanchez sentence;

(1) Four and one-half years in Federal Prison (55 months), plus 3 years of Supervised Release, which is similar to Probation or Parole.
(2) One year of House Arrest (Home Confinement).
(3) Surrender of substantial assets.
(4) Perform 1600 hours of Community Service.



The most noteworthy item in the case was the defendant's use of twenty boxes full of money orders, each worth less than $10,000, that he employed to physically transfer the funds.

Is the sentence too lenient ? I will let the reader decide whether the punishment fits the crime.

_________________________________________________________________________
Miami Money Launderer moved $63m to Cuba



No comments:

Post a Comment

Note: Only a member of this blog may post a comment.