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Pair taken into custody on federal charges of money laundering

Racine law enforcement personnel recently took a Mount Pleasant couple into custody following an investigation involving local authorities and the DEA into their restaurant, which allegedly served as a front for drug-related money laundering. The pair has been accused of federal money laundering and white-collar crimes by the Racine Police. Several local, state and federal law enforcement agencies collaborated together in the investigation.

These charges are directly related to a 2008 federal cocaine and drug distribution bust in Racine. The female who was arrested on March 1 is the sister of one of the co-defendants in that incident. She allegedly purchased the restaurant and additional property with the money gained from the 2008 crime. Drug proceeds were then laundered through the restaurant. As a result, the federal government has placed a hold on the proceeds from the restaurant and other properties until a verdict is been reached in these new charges.

The pair is pending initial appearance in federal court and remained in the custody of U.S. Marshals. A bond amount will be determined. 

In this case, the couple's livelihood has been taken from them. The federal government has the power to seize income and property if they suspect said property was purchased from illegally obtained money, such as money laundering. The couple probably needs the income the restaurant generates, and a criminal defense attorney might be able to unfreeze the finances in some situations. The attorney might be able to investigate the hold on the money and come to a resolution with the prosecution in order to possibly negotiate a plea agreement to mitigate the penalties the suspects could face.

Source: Caledonia Patch, "Mount Pleasant Couple Arrested On Money Laundering Charge," Denise Lockwood, March 1, 2013 

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