Portland, Maine – A Saco attorney has pleaded guilty to laundering millions of dollars in marijuana trafficking proceeds, according to a federal indictment unsealed this week.
Gary Prolman, Esq., 52, of Saco, pleaded guilty to conspiracy to launder $177,500 worth of marijuana trafficking proceeds in U.S. District Court in Portland.
According to court records, between 2011 and October 2013, David Jones and others illegally distributed hundreds of pounds of marijuana in Maine and elsewhere.
Prolman laundered about $177,500 worth of those drug proceeds by taking cash from Jones to purchase an interest in Prolman’s sports agency business.
He also illegally structured cash deposits and cashier’s check purchases to avoid federal currency reporting requirements.
Additionally, Prolman used structured cashier’s checks to jointly purchase real estate with Jones in a transaction where only Prolman’s name appeared on the deed as the owner.
Prolman received three separate $50,000 cash installment payments, largely consisting of low denomination bills delivered in a backpack.
When Prolman attempted to deposit more than $10,000 from the first $50,000 installment into bank accounts he controlled, a bank teller advised him of the federal currency reporting requirement for deposits exceeding $10,000.
Under federal law, financial institutions that receive more than $10,000 in cash from a customer are required to report the transaction to the Internal Revenue Service (IRS).
Prolman faces up to 20 years in prison, a $500,000 fine, or both.
He will be sentenced after the completion of a presentence investigation report by the U.S. Probation Office.
This case was investigated by the U.S. Drug Enforcement Administration and the IRS, and resulted from the ongoing effort of the Organized Crime Drug Enforcement Task Forces (OCDETF).
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Key Facts
- State: Maine
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: DOJ Press Release ↗
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