|
|
| Man Admits to Mexican Theft and Scam |
| By dailyrecord.com |
| Published: 04/28/2010 |
|
TOMS RIVER — Robert McLaughlin spun a tale of drug cartels and billions of dollars worth of Mexican gold to convince a broker from Michigan to send him $75,000 on behalf of a South African businessman who wanted to purchase the booty. The problem is, McLaughlin, 77, a repeat swindler from Lakewood, did not have access to the gold, if it ever existed, and he spent the South African's money as his own, instead of paying it to a Caribbean bank to release a portion of the gold, as he had represented he would do, authorities said. McLaughlin, set to go on trial on Tuesday on charges of theft and financial facilitation, instead admitted the scheme in court just before attorneys were going to complete the process of selecting jurors for his trial. McLaughlin pleaded guilty before Superior Court Judge Stephanie M. Wauters to theft of the $75,000 in a plea bargain that calls for dismissal of the charge of financial facilitation. Financial facilitation is the breaking down of financial transactions into smaller sums at banks to avoid reporting requirements to the state or federal governments. Read More. |
MARKETPLACE search vendors | advanced search
IN CASE YOU MISSED IT
|
Comments:
No comments have been posted for this article.
Login to let us know what you think