U.S. Prosecutors Charge Cuban-American with Conspiracy to Commit Money Laundering

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Saturday, September 1, 2012

Author:

Linda Dryden

Volume:

28

Issue:

9

Abstract:

On June 11, 2012, the FBI arrested a Cuban-American in Miami for his alleged key involvement in a money laundering scheme. Federal prosecutors claim that Oscar Sanchez, 46, helped launder $31 million in fraudulent Medicare payments into Cuban banks. The transfer of $63 million between the U.S. and Cuba has been traced in total.