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Money laundering is big business in Kentucky

By Greg Kocher, Lexington Herald-Leader

The cash turns up in some unlikely places. During a December search, federal agents discovered $40,000 beneath a spare tire in a car trunk in Lexington. Another $160,000 was found inside the Dartmoor Drive address where the Kia was parked. In November 2016, Kentucky State Police seized $575,000 from the cab of a tractor-trailer that was pulled over in a traffic stop in Scott County. And in March 2017, investigators found $302,000 in an apartment on North Mount Tabor Road in Lexington.

All three seizures described in federal court records involved suspected drug-trafficking proceeds that led to charges of money laundering - taking "dirty" money generated by crime and then converting or "laundering" it so that it appears to come from a legitimate source.

Read more at kentucky.com




This story was posted on 2019-01-07 10:41:44
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