Breaking News: Man admits laundering money for drug dealers
Created: Jun 24, 2010 11:00 AM
A self-confessed drug addict today pleaded guilty in Magistrates' Court to laundering upwards of $80,000 on behalf of drug dealers.
Cordell Simmons, 59, who currently resides at the Salvation Army, admitted two counts of making dozens of wire transfers to various countries on behalf of at least three unnamed drug dealers and traffickers. He told the court that he used the money he was paid for making the transfers to feed his drug habit.
Senior Magistrate Archibald Warner handed Simmons a two-year sentence for each count of money laundering, to run concurrently.
See tomorrow's Royal Gazette for the full story.