Houston Businessman Pleads Guilty to Money Laundering Conspiracy
Houston
   
 
More Today's News:
ߦ   Missing Swimmer’s Body Found in Peach Creek
ߦ   Reward Increased to $10,000 for Most Wanted Sex Offender from North Texas
ߦ   San Antonio police escort daughter of fallen officer to graduation
ߦ   Texas Municipal Police Association PAC Endorses Governor Greg Abbott For Re-election
ߦ   Texas police dress up as superheroes, surprise kids at children's hospital
ߦ   Trespassers cause damage at construction site
ߦ   Woman accuses fiance, a police officer, of assault
ߦ   Deputies Tase Shoplifter In Target Parking Lot
ߦ   2018 Texas CPAAA and Law Enforcement Training Convention
ߦ   CAT team on the prowl for contraband at Bexar County jail
ߦ   Coast Guard medevacs mariner near Cameron, Louisiana
ߦ   COLD CASE FILES: Mysterious unsolved deaths in the Houston area
ߦ   Drunk Driver Crashes Into Constables Patrol Car
ߦ   Federal appeals panel: LRADs can be considered excessive force
ߦ   Fla. man killed, officer wounded while exchanging gunfire
ߦ   Galveston County Commissioners Court Agenda - June 18
ߦ   Government regulations target kids and their lemonade stands
ߦ   Houston police officer buys groceries for man targeted by thief at Walmart
ߦ   Mexican Citizen Sentenced to 235 Months in Federal Prison For His Role in a Methamphetamine Distribution Conspiracy
ߦ   Neighbors describe chaotic scene after more than 50 immigrants found in truck
ߦ   Not All Heroes Wear Capes
ߦ   Police union outraged over SC high school’s summer reading list
ߦ   Search underway for escaped inmate who vanished from Memorial Hermann Hospital in The Woodlands
ߦ   Texas City Police Chief Announces Retirement
ߦ   Texas Military Bases Possible Tent Cities for Immigrant Children
ߦ   Forensic team reveals new details in investigation of severed head found in trash bag at Lake Houston
ߦ   Investigation into Male Found Deceased at 1831 West 23rd Street
ߦ   Person of interest named in case of missing Bexar County 15-year-old
ߦ   “Affluenza Mom” Back In Jail
ߦ   Bar Shooting
ߦ   Burglars Draw Guns, So Homeowner Grabs AK-47 And Starts Making Human Sprinklers
ߦ   Children, ages 1 and 6, die in Conroe house fire, officials say
ߦ   Columbus officer and suspect shot in confrontation
ߦ   Cone with a Cop
ߦ   Galveston officers help mother of four who called police to take her children

 
Search Archives:

A Houston, Texas, man pleaded guilty today to conspiring to commit money laundering, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Ryan K. Patrick for the Southern District of Texas.

 

According to documents and information provided to the court, Marcus T. Weathersby conspired with others to facilitate the fraudulent sale of second-hand prescription medications to a Utah-based wholesale distributor.  This scheme involved purchasing bottles of prescription medications from illegitimate sources and then selling the medications to another wholesale distributor who then sold them to pharmacies as new.  Federal regulation requires wholesale distributors of prescription medications to provide to a buyer a pedigree – a written statement identifying each prior sale, purchase, or trade of the drugs being sold that includes the business name and information of all parties to the prior transactions, starting with the manufacturer.

 

As part of his plea, Weathersby admitted that in approximately December 2010, he established, Acacia Pharma Distributors Inc. (Acacia), a Mississippi corporation.  Nearly eight months later, Weathersby directed another individual to incorporate Four Corner Suppliers Inc. (Four Corner) in Mississippi.  Acacia and Four Corner purported to be legitimate wholesale distributors of pharmaceuticals licensed and operating in Mississippi, however, in reality Weathersby and others used these corporations to facilitate the illegal sale of second-hand prescription drugs.

 

Weathersby also opened and caused others to open bank accounts in the names of Acacia and Four Corner.  Between February 2011 and July 2012, Weathersby withdrew and led others to withdraw over $2.9 million in cash from these bank accounts and to structure these cash withdrawals in amounts under $10,000 in order to prevent the banks from complying with their legal obligation to prepare currency transaction reports for each cash transaction over $10,000.

 

U.S. Magistrate Court Judge Nancy K. Johnson scheduled sentencing for May 30.  Weathersby faces a statutory maximum sentence of 20 years in prison, as well as a period of supervised release and monetary penalties.  Weathersby further agreed to the imposition of a money judgement against him in the amount of $2,991,867.76.

 

Principal Deputy Assistant Attorney General Zuckerman and U.S. Attorney Patrick thanked agents of IRS Criminal Investigation, the Federal Bureau of Investigation, and the Federal Department of Agriculture, who conducted the investigation, and Trial Attorneys Sean Beaty and Terri-Lei O’Malley of the Tax Division, who are prosecuting the case.

 

Additional information about the Tax Division and its enforcement efforts may be found on the division’s website.

Topic(s): 
Tax
Press Release Number: 
18-203
Post a comment
Name/Nickname:
(required)
Email Address: (must be a valid address)
(will not be published or shared)
Comments: (plain text only)
Printer Friendly Format  Printer Friendly Format    Send to a Friend  Send to a Friend    RSS Feed  RSS Feed
  Facebook   Share link on Twitter Tweet  
© 1999-2018 The Police News. All rights reserved.