Boston man sentenced for laundering nearly $500,000 in drug proceeds

Boston man sentenced for laundering nearly $500,000 in drug proceeds

The following press release was published by the United States Drug Enforcement Administration on July 19, 2019. It is reproduced in full below.

BOSTON - A Boston man was sentenced yesterday in federal court in Boston for money laundering.

Juan Peguero, 29, was sentenced by U.S. District Court Judge William G. Young to 42 months in prison and three years of supervised release. In March 2019, Peguero pleaded guilty to two counts of money laundering. Peguero was charged in August 2018 and released on conditions.

On two occasions in 2015, Peguero transferred almost $500,000 worth of drug proceeds - over $398,000 in April and $90,000 in June.

DEA New England Division Special Agent in Charge Brian D. Boyle, United States Attorney Andrew E. Lelling and IRS Boston Criminal Investigations Special Agent in Charge Kristina O’Connell made the announcement.

Source: United States Drug Enforcement Administration

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