William Chadwick, Money Laundering, Colorado 2026

Grimy Times has learned that William Chadwick, 63, of Akron, Colorado, was sentenced to 15 months in federal prison and one year of supervised release after pleading guilty to one count of money laundering.

Chadwick was also ordered to pay $228,284.09 in restitution.

According to the plea agreement, from at least May 2020 and through August 2022, Chadwick laundered proceeds obtained from federal COVID-19 relief programs, including Unemployment Insurance (UI) benefits, Emergency Rental Assistance proceeds, Paycheck Protection (PPP) loan proceeds, and other fraudulent sources on behalf of a woman he met online.

Chadwick engaged in numerous financial transactions, including ATM withdrawals and cryptocurrency transactions, involving wire fraud proceeds. In total, he laundered approximately $228,284.09.

"Laundering money which was stolen from the federal government is a crime against every hard-working, tax-paying citizen of the United States," said United States Attorney Peter McNeilly. "Our office is committed to prosecuting those who look to prosper off fraud against the government."

Chadwick was sentenced by United States District Judge William J. Martinez.

The Department of Homeland Security, Office of Inspector General and Department of Labor, Office of Inspector General conducted the investigation. Assistant United States Attorney Nicole Cassidy handled the prosecution.

Source: https://www.justice.gov/usao-co/pr/akron-man-sentenced-role-romance-fraud-scheme