Thread by @arapaho415

@TheJusticeDept @Agenthades1 (1/3) "The jury found Dermen guilty of conspiracy to commit mail fraud, conspiracy to commit money laundering, and money laundering concealment money laundering, and expenditure money laundering."
Exhibit: Dermen & Bugatti w/ Jacob Kingston & Ferrari. (more)

@TheJusticeDept @Agenthades1 (2/3) Derman "faces a maximum sentence of 20 years in prison for conspiracy to commit mail fraud, conspiracy to commit money laundering, and concealment money laundering, & 10 years in prison for expenditure money laundering. He also faces...restitution, and monetary penalties."

@TheJusticeDept @Agenthades1 (3/3) "As part of their plea agreements, the Kingstons will be ordered to pay $511million in restitution to the US and to forfeit the proceeds of their crimes."
DOJ also thanked LEO partners in GrandDuchy of Luxembourg🇱🇺 & RepublicOfMalta🇲🇹 for assistance/end
Huntington Bch house

@TheJusticeDept @Agenthades1 @dollymad1812 @MsMariaT
"Another [money laundering] count described a $3.5 million wire transfer so he [Lev Dermen aka Termendzhyan] could buy a home⤴️ in Huntington Beach, Calif." h/t @Agenthades1
sltrib.com/news/2020/03/1…