A Danville business owner has been taken off the streets after pleading guilty to manufacturing and shipping illegal pro-hormones, designer steroids, throughout the United States.
Steven Donald Wood, 37, of Danville, Va., waived his right to be indicted today and pled guilty to a one count Information charging him with illegally distributing misbranded drugs in interstate commerce.
Wood agreed to forfeit $1.5 million in U.S. currency to the Government and has paid the forfeiture obligation in full prior to pleading guilty. Wood will be sentenced on May 17, 2016, at 10:30 a.m.
“The misbranding of drugs is a serious offense that puts those who ingest these substances in danger,” said United States Attorney John P. Fishwick Jr. “I am grateful to our law enforcement partners who continue to investigate the misbranding of these powerful steroids.”
Wood, through his business entities Competitive Edge Labs, LLC, and MKZ Exports, LLC, caused the manufacture and distribution of large amounts of dietary supplements, specifically “pro-hormones,” a new generation of steroids not specifically listed as an anabolic steroid under the Controlled Substances Act.
Wood obtained his raw powder from Xinli “Eric” Li, a Chinese national, who pleaded guilty in federal court in Abingdon on December 4, 2015. Li, who forfeited $1.6 million, will be sentenced in Abingdon on March 9, 2016, at 2:30 p.m.
The guilty plea is a significant blow to the manufacturing and distribution of these dangerous substances, putting an end to the activities of a major player in the black market.
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Key Facts
- State: Virginia
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: DOJ Press Release â†â€â€
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