realestate

Florida Real Estate Broker Pleads Guilty to Money Laundering Charges

Miami real estate broker pleads guilty to money laundering and sanctions evasion conspiracy.

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Miami-based real estate broker has pleaded guilty to a federal charge of money laundering and evading sanctions. The broker admitted to managing bank accounts and luxury condominiums on behalf of two Russians who are barred from owning property in the US.

    The scheme involved concealing the true ownership of these assets, which is a serious offense under US law. The broker's actions were part of a larger conspiracy to circumvent financial restrictions imposed by the government.

    As a result of his plea, the broker faces significant penalties and fines for his role in this illicit activity. His case highlights the ongoing efforts of law enforcement agencies to combat money laundering and sanctions evasion in the real estate sector.

Florida real estate broker pleads guilty to money laundering charges in court.