SEATTLE, Wash. — A short sentence and hefty money forfeiture for a Canadian man who pled guilty to Operating an Unlicensed Money Transmission Business.
Last year, undercover agents with Homeland Security Investigations traded money with Louis Ong in Seattle and told him they were drug traffickers.
Ong repeatedly told agents he didn’t want to know that so he could have “plausible deniability.”
Agents spotted Ong running cash through a bill counter in his car in Blaine and told him to register as a remitter, which he did, but still failed to alert the government to suspicious transactions.
He was sentenced to 20 days in jail and agreed to forfeit more than $1 million in cash and bitcoin.