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Buffalo Man Sentenced for Money Laundering
BUFFALO, N.Y.—A shocking case of money laundering has come to an end in Buffalo, as Montique Shelton, 38, was sentenced to three years probation.
A federal investigation revealed that Shelton conspired with individuals involved in drug trafficking to purchase real estate in his name using drug proceeds. The property at 341 Hinman Avenue in Buffalo has been forfeited as a result of the investigation.
U.S. Attorney William J. Hochul, Jr. announced the sentencing, which is the culmination of an investigation led by Special Agents of the Federal Bureau of Investigation, under the direction of Special Agent in Charge Broan P. Boetig.
Assistant U.S. Attorney Mary Catherine Baumgarten handled the case and stated that Shelton’s actions were a serious breach of trust. ‘Montique Shelton conspired with other individuals who were engaged in drug trafficking, and thereafter purchased real estate in the City of Buffalo in his name using drug proceeds,’ Baumgarten said.
The case highlights the ongoing struggle against money laundering in Western New York. As the investigation showed, drug trafficking organizations are using sophisticated methods to launder their profits, including purchasing real estate and other assets.
The sentencing of Montique Shelton serves as a reminder that those who engage in money laundering will be held accountable for their actions. The Federal Bureau of Investigation will continue to work tirelessly to disrupt and dismantle these organizations.
For more information, contact U.S. Attorney’s Office at (716) 884-8190.
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Key Facts
- State: New York
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: DOJ Press Release ↗
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