Title: FBI — Three Ketchikan Men Sentenced to Federal Prison for Money Laundering Conspiracy
Headings: Three Ketchikan Men Sentenced to Federal Prison for Money Laundering Conspiracy
Three Ketchikan Men Sentenced to Federal Prison for Money Laundering Conspiracy
Content: and between June 2010 to November 2011, Perez laundered $44,810. This investigation led to the federal money laundering charges to which the defendants pled guilty. All defendants laundered the drug proceeds in order to promote drug trafficking or to conceal and disguise the nature, location, source, ownership, and control of the drug proceeds. Francisco Seludo was convicted of state drug charges and was sentenced to serve two years in that case. Herman Seludo was convicted of two state drug charges and sentenced in state court to a composite sentence of four years to serve. Perez was convicted of drug charges and sentenced two years to serve. Judge Burgess made the defendants federal convictions for money laundering concurrent to their state sentence. There is no parole in the federal system. Prior to imposing sentence, Judge Burgess stated the serious of the offense, deterrence of the defendant and others, the protection of the public, and rehabilitation of the defendants related to their criminal histories as reasons that supported the imposition of the above sentences. Mr. Feldis commended the Federal Bureau of Investigation, United States Postal Inspection Service, and Ketchikan Police Department for the investigation leading to the successful prosecution of Francisco and Herman Seludo and Jeremiah Perez.