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Canyon Country man sentenced in money-laundering case

Posted: January 14, 2013 6:26 p.m.
Updated: January 14, 2013 6:26 p.m.
 

A Canyon Country man was sentenced to five years in prison Monday for failing to follow federal reporting and anti-money-laundering requirements in relation to more than $8 million in transactions.

Karen Gasparian, 31, was sentenced Monday by United States District Judge John F. Walter for having violated the Bank Secrecy Act, a spokesman for the United States Attorney’s office reported Monday.

Gasparian was the manager of G&A Check Cashing, a business located in the Westlake section of Los Angeles, spokesman Thom Mrozek reported in a news release.

A man identified as the store’s designated anti-money-laundering compliance officer, Humberto Sanchez, was also sentenced Monday for failing to follow federal reporting and anti-money-laundering requirements in relation to more than $8 million in transactions.

In sentencing Gasparian, Walter rejected the defendant’s arguments that he simply failed to comply with complicated regulatory schemes, Mrozek said.

“It’s obvious he knew exactly what he was doing — laundering money,” Walter said.

Sanchez, 51, of Alhambra, was sentenced to eight months in prison.

G&A was ordered to pay a fine of $962,932 as part of a two-year period of probation.

In addition, Gasparian and G&A were ordered to forfeit $240,733, which represents the profits they earned on funds going through G&A for which currency transaction reports were not filed.

G&A and Gasparian engaged in multiple transactions involving $8,024,446, according to Mrozek.

jholt@signalscv.com
661-287-5527
on Twitter @jamesarthurholt

 

 

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