phone_icon786-369-8930

Check casher pleads guilty to laundering stolen Medicare millions that wound up in Cuba’s banks

A Cuban immigrant who laundered millions of dirty Medicare dollars through his Florida check-cashing store into Cuba’s state-controlled banking system has agreed to help federal investigators catch other suspects in the unprecedented case being prosecuted in Miami.

Oscar L. Sánchez, who recently pleaded guilty to one count of conspiring to launder profits from Medicare fraud, agreed to “cooperate fully” with the U.S. attorney’s office in hopes of reducing a potential prison sentence of at least nine years, according to his plea agreement.

The agreement offers no details about his criminal activity because of its highly sensitive nature: Sánchez’s case marks the first prosecution of a defendant accused of laundering taxpayer-funded Medicare proceeds into Cuba’s national bank.

Read more here: http://www.miamiherald.com/2012/09/10/2995736/check-casher-pleads-guilty-to.html#storylink=cpy

Leave a Reply

Your email address will not be published. Required fields are marked *