Pensacola Man Sentenced to 9 Years for Money Laundering
In a shocking turn of events, Kenneth Grandison, a 42-year-old resident of Pensacola, Florida, was sentenced to 9 years in prison for his involvement in a multi-state money laundering conspiracy. The sentence was handed down by United States Attorney Christopher P. Canova for the Northern District of Florida.
According to court documents, Grandison admitted to receiving large sums of cash from California, which he then laundered through Bank of America and Wells Fargo accounts. The investigation revealed that between January 2012 and January 2016, Grandison made over 200 cash deposits into Bank of America accounts and over 600 cash deposits into Wells Fargo accounts, totaling between $1.5 and $3.5 million in illicit funds.
The investigation was a joint effort between the Internal Revenue Service – Criminal Investigation, the Drug Enforcement Administration, the Escambia County Sheriff’s Office, the Pensacola Police Department, and the Gulf Breeze Police Department. Assistant United States Attorney David L. Goldberg prosecuted the case.
Grandison’s guilty plea, which occurred on February 29, 2016, marked a significant turning point in the case. His admission of guilt provided crucial evidence for the prosecution, ultimately leading to his sentencing.
As a result of this investigation, the public can rest assured that those involved in money laundering and drug trafficking will be held accountable for their actions. The United States Attorney’s Office for the Northern District of Florida continues to work tirelessly to protect the community and bring justice to those who break the law.
For more information about this case, contact Amy Alexander, Public Information Officer, at (850) 216-3854 or amy.alexander@usdoj.gov.
Related Federal Cases
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- Benjamin Guerrero-Lantz, Conspiracy to Distribute Marijuana and Money Laundering, Florida 2024 · Florida
- Efrain Betancourt Jr., Money Laundering and Wire Fraud, Florida 2024 · Florida
- Timothy G. Fisher, Money Laundering, California 2024 · Florida
- Roydel Nicholson, Mail Fraud and Money Laundering, New York 2023 · Florida
Key Facts
- State: Florida
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: DOJ Press Release â†â€â€
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