Waterbury, CT resident sentenced for illegal money transfer scheme
January 21st, 2010 - 5:01 am ICT by BNO NewsHARTFORD, CONNECTICUT (BNO NEWS) – A Waterbury, Connecticut resident on Wednesday was sentenced for his role in a multimillion dollar illegal money remitting scheme.
Marcio Mansur, 53, was sentenced to 30 months of imprisonment, followed by two years of supervised release, additionally, Mansur was also ordered to pay a fine in the amount of $5,000. In October 2008, Mansur pled guilty to one count of operating an illegal money remitting business.
A money transmitting business is any person or business that receives money from a customer and then, for a fee paid by the customer, transmits that money to a recipient in a place that the customer designates, usually a foreign government.
From Mach 2006 to March 2008, Mansur operated Danbury-based Bem Brasil, a business that, among other things, collected funds for remission to Brazil on behalf of Brazilian immigrants in Connecticut. Mansur then paid RM Insurance Services LLC of Danbury, an insurance company that also catered to the Brazilian immigrant community, to wire transfer the funds he had collected at Bem Brasil and other locations.
In 2006 and 2007, Mansur had RM Insurance and another unauthorized money remitting business wire more than $18 million. This case was investigated by the Internal Revenue Service.
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