U.S. District Judge Paul W. Grimm sentenced Francis Arthur, age 35, of Silver Spring, Maryland on May 2, 2022, to one year and a day in federal prison, followed by three years of supervised release, for a money laundering conspiracy and for money laundering in connection with a scheme to defraud victim account holders at a credit union. As part of his sentence, Arthur has been ordered to pay $339,000 in restitution.
Per the Department of Justice, District of Maryland: The sentence was announced by United States Attorney for the District of Maryland Erek L. Barron; Special Agent in Charge Matthew R. Stohler of the U.S. Secret Service Washington Field Office; and Chief Marcus Jones of the Montgomery County Department of Police.
According to the evidence presented at Arthur’s trial, from October 2016 through April 2017, Arthur and his co-conspirators engaged in financial transactions designed to conceal the nature, source and ownership of the proceeds of a fraud scheme to obtain cash from victim account holders at a Maryland credit union. Specifically, the evidence showed that the conspirators transferred, withdrew cash, and caused cashiers’ checks to be issued from the proceeds of a fraud scheme. Arthur and his co-conspirators then used the funds to purchase motor vehicles to conceal that the funds were derived from a fraud scheme.
United States Attorney Erek L. Barron commended the U.S. Secret Service and the Montgomery County Department of Police for their work in the investigation. Mr. Barron thanked Assistant U.S. Attorney Thomas M. Sullivan and U.S. Attorney Christian Nauvel of the Department of Justice’s Money Laundering and Asset Recovery Section, who prosecuted the case.