Robert Hueton Colespring, Money Laundering Conspiracy, Massachusetts 2024

BOSTON – A Florida man has been sentenced for his role in a money laundering conspiracy, as part of a larger investigation into a money laundering organization based primarily in Barranquilla, Colombia. Robert Hueton Colespring, 56, was sentenced to 18 months in prison and three years of supervised release, with a fine of $5,000.

Colespring pleaded guilty in May 2024 to money laundering conspiracy and conducting substantive money laundering transactions. The investigation, which began in 2016 and continued until 2022, uncovered a complex web of money laundering activities, involving the use of the Black Market Peso Exchange.

As part of the conspiracy, Colespring delivered bulk cash on two occasions in Florida, which was then deposited into an undercover agent's bank account in Massachusetts and wired to accounts in Colombia. Over the course of the conspiracy, Colespring was responsible for laundering approximately $599,990 in drug proceeds.

Colespring was charged in a 50-count indictment along with 19 other individuals in March 2022. He is the eighth defendant to be sentenced in the case, with four other defendants having pleaded guilty and awaiting sentencing.

The investigation was conducted by the Organized Crime Drug Enforcement Task Forces (OCDETF), with the support of the Drug Enforcement Administration's New England Field Division. The case was prosecuted by Assistant U.S. Attorneys Jared C. Dolan and Alathea E. Porter of the Criminal Division.

Robert Hueton Colespring, 56, was sentenced by U.S. District Court Judge Richard G. Stearns to 18 months in prison and three years of supervised release. He was also ordered to pay a fine of $5,000.

Source: https://www.justice.gov/usao-ma/pr/florida-man-sentenced-role-money-laundering-conspiracy