Money Laundering Offenses In 2021

Money Laundering Offenses In Connection With Misuse Of Pandemic-Related Loans:

The United States District Attorney for the Central District of Pennsylvania announced today that Scott Levy, 58, of Harrisburg, Pennsylvania, will be indicted on June 7, 2021, in a criminal investigation into bank fraud, electronic fraud, and money laundering. Federal loans he received on behalf of Hershey Road Family Restaurant, a Harrisburg area restaurant that Levy owned and operated until the business closed in late July 2020.

According to US interim attorney Bruce D. Brandler, criminal intelligence claims Levy borrowed $ 227,500 on behalf of the restaurant in the spring of 2020, making the federal government available to qualify for business during the COVID 19 pandemic. He also claims that Levy has spent more. of the loan proceeds for personal expenses and other unskilled goods and services, and $ 125,000 of the profit went to his mother, who put the money in the closet.

On November 24, 2020, Levy pleaded guilty to tax fraud and related offenses involving the Hershey Road Family Restaurant. Levy admitted that he paid no more than $ 230,000 in federal income and payroll taxes from January 1, 2014, through December 31, 2018, and agreed to repay the amount in full. The conviction, in this case, continued pending the resolution of the investigation into Levy’s new crimes and money laundering.

Both of Levy’s cases will be consolidated before the ruling, which is expected to come before US District Judge Jennifer P. Wilson in late 2021.

Both cases against Levy were investigated by the Internal Revenue Service – Criminal Investigation. US Deputy Prosecutor Christian T. Haugsby is investigating the case.

A criminal information is just accusations. All accused are presumed innocent unless and until found guilty in court.

A conviction will be issued by the judge upon review of applicable federal statutes and federal criminal law guidelines.

Regardless, Levy faces a maximum sentence of up to 90 years in prison, a fine of up to $ 2,610,000, and five years of probation on the charges. Under the Federal Criminal Code, the judge must consider and weigh several factors, including the nature, circumstances, and severity of the offenses; the history and characteristics of the suspect; and the need to punish the accused, protect the public and meet their educational, professional and medical needs. For these reasons, the maximum legal sanction for the crime is not a precise indication of the possible conviction of a particular suspect.

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