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Canton Man Charged in Multi-Million Dollar Money Laundering Scheme
Kenneth Hunsucker, a 49-year-old Canton, South Dakota man, has been charged with Interstate Transportation of Stolen Property, Wire Fraud, and Money Laundering in a brazen scheme that could net him up to 20 years in custody and/or a $250,000 fine.
According to sources close to the investigation, Hunsucker was indicted by a federal grand jury on December 2, 2014, and appeared before U.S. Magistrate Judge Veronica L. Duffy on December 4, 2014, where he pled not guilty to the Indictment.
The investigation, led by the Internal Revenue Service Criminal Investigation and the Federal Bureau of Investigation, alleges that Hunsucker engaged in a complex scheme involving the transportation of stolen property, wire fraud, and money laundering, with the potential for millions of dollars in restitution.
Assistant U.S. Attorney Jeffrey C. Clapper is prosecuting the case, and Hunsucker was released on bond pending trial. A trial date has not been set.
While the charges against Hunsucker are serious, he is presumed innocent until proven guilty. The maximum penalty upon conviction is up to 20 years in custody and/or a $250,000 fine, 2 years of supervised release, and $100 to the Federal Crime Victims Fund.
The case highlights the complex and often deceitful nature of white-collar crime, and the importance of law enforcement agencies working together to bring perpetrators to justice.
In a statement, U.S. Attorney Brendan V. Johnson emphasized the seriousness of the charges and the potential consequences for those involved in white-collar crime.
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Key Facts
- State: South Dakota
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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