HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » New York (Group) » Liverpool Business Owner ...

Fri Mar 29, 2019, 07:16 AM

Liverpool Business Owner Pleads Guilty to Money Laundering and Maintaining a Drug-Involved Premises

SYRACUSE, NEW YORK Ė Jayesh Patel, age 49, of Liverpool, New York, pled guilty to engaging in a monetary transaction in criminally derived property, and to maintaining a drug-involved premises, announced United States Attorney Grant C. Jaquith and Jonathan D. Larsen, Acting Special Agent in Charge Internal Revenue Service Criminal Investigation (IRS-CI), New York Field Office.

Patel, co-owner of the Munchies convenience store in Solvay, New York, and the Econo Lodge Inn & Suites, located near the Syracuse airport, admitted that he sold crack cocaine on a nearly daily basis to drug customers inside Munchies and the Econo Lodge. Patel further admitted to laundering drug proceeds through his business account at Solvay Bank.

Law enforcement officers executed search warrants at Munchies, the Econo Lodge, and Patelís residence and vehicle, seizing funds held in bank accounts and in U.S. currency. In all, these seizures totaled over $1 million, most of which were the proceeds from drug trafficking.

Sentencing is scheduled for July 24, 2019, at which time Patel faces a maximum sentence of up to 20 years in prison, a fine of up to $500,000, and a term of supervised release of up to 3 years. A defendantís sentence is imposed by a judge based on the particular statute the defendant is charged with violating, the U.S. Sentencing Guidelines and other factors.

Read more: https://www.justice.gov/usao-ndny/pr/liverpool-business-owner-pleads-guilty-money-laundering-and-maintaining-drug-involved

0 replies, 687 views

Reply to this thread

Back to top Alert abuse

Reply to this thread