Friday, July 31, 2009

Fomer Accountant Admits to Money Laundering

According to this article in Phillip D'Hedouville, a former financial account manager, has admitted to stealign roughly $1.2 million by keeping clients' money that were promised to be invested in the stock market.

Prosecutors said that the scheme operated from August 2006 to January 2008, and Phillip now faces up to 30 years in prison as he pleaded guilty in federal court to charges of mail fraud and money laundering.

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