In a shocking turn of events, two Cedar Rapids businesses, Midamar Corporation and Islamic Services of America, along with their corporate officers, Jalel Aossey, age 40, and William “Yahya” Aossey, age 44, have been charged in a 92-count indictment filed in United States District Court in Cedar Rapids.
The indictment, which was filed this afternoon, charges each business and person with one count of conspiracy to: make and use materially false statements and documents; sell misbranded meat; and commit wire fraud. The indictment also charges each defendant with three counts of making false statements on export applications; forty-three counts of wire fraud; forty-four counts of money laundering; and one count of conspiring to commit money laundering.
The conspiracy charge is punishable by up to five years imprisonment. Each count of making a false statement on an export application is punishable by up to three years imprisonment. Each count of wire fraud is punishable by up to twenty years imprisonment. Each count of money laundering, including the money laundering conspiracy count, is punishable by up to twenty years imprisonment. A fine of up to $250,000 may also be imposed on each count, along with a term of supervised release following any imprisonment.
The indictment also contains two forfeiture allegations, seeking proceeds and property involved in certain offenses. As with any criminal case, a charge is merely an accusation and a defendant is presumed innocent until and unless proven guilty.
The case is being prosecuted by Assistant United States Attorney Richard L. Murphy and was investigated by the Department of Agriculture Office of Inspector General, and the Internal Revenue Service. Court file information is available at https://ecf.iand.uscourts.gov/cgi-bin/login.pl. The case file number is 14-CR-00138-LRR.
This high-profile case has sent shockwaves through the community, with many left wondering how such a large-scale operation went undetected for so long. As the case moves forward, it will be interesting to see how the defendants respond to the allegations and what evidence is presented in court.
In the meantime, the people of Cedar Rapids and the surrounding areas will be watching closely as this case unfolds. The indictment of the Aossey brothers and their businesses is a significant development in the fight against white-collar crime, and it will be interesting to see what other revelations come to light as the case progresses.
Related Federal Cases
- Manzo Brothers and Chad Root Sentenced for Iowa Meth Ring · Iowa
- Aossey Indicted · Iowa
- FDIC Appoints Five New Members to Advisory Committee on Community Banking · Mississippi
- Republic First Bank Collapses: Fulton Bank Swoops In · Iowa
- Iowa Bank Collapse: Citizens Bank Taken Over by Iowa Trust & Savings · Iowa
Key Facts
- State: Iowa
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
🔒 Get the grimiest stories delivered weekly. Subscribe free →
Browse More
