Roseville, CA man pleads guilty on a money laundering case

February 17th, 2010 - 7:56 pm ICT by BNO News  

SACRAMENTO, CALIFORNIA (BNO NEWS) – A Roseville, California man pleaded guilty on Tuesday to conspiracy to commit money laundering, prosecutors announced.

Robert Brogan, 62, was part of a fraud conspiracy that took life insurance proceeds from a woman on 2008. Brogan along his nephew, Raymond Brogan, learned that the victim was about to receive $200,000, after the death of her son, an U.S. Marine.

Raymond Brogan offered the victim his services as financial advisor. As a result he took control of her money, claiming to pay her bills and invest the rest in her behalf. Raymond and Robert Brogan attended several meetings with the victim. In such meetings, Robert Brogan realized that the victim’s assets were being spent fraudulently.

Robert Brogan deposited $31,900 into his account and also wrote a check for $13,539. At this time, he was fully aware that the money and the check were fraudulently obtained. Overall, Raymond and Robert Brogan stole $163,000 for their own benefit.

Raymond Brogan pleaded guilty and was sentenced to 33 months in prison and ordered to pay in restitution the amount of $190,747.

His uncle, Robert Brogan is awaiting for his sentence. He could face up to 10 years in prison.

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