Auto Dealers Charged in Money Laundering Scheme
Wednesday, November 10, 2010
A Providence used car dealer and his son have been charged in a money laundering scheme with a drug dealer, according to U.S. Attorney Peter Neronha.
Domingo Lopez, president of Espaillat Motors, Inc. and his son Deryln, who is employed at the dealership, allegedly sold vehicles with a hidden compartment for narcotics to a customer who said he was a drug dealer. The Lopezes listed the vehicles prices under $10,000 but accepted more than $10,000 in cash and “disguised or concealed” the identity of the buyer on the paperwork, according to Neronha.
The father-son pair was arrested by DEA agents yesterday and 17 of their vehicles were seized.
