News Release
FOR IMMEDIATE RELEASE
October 23, 2008
Contact: Jodie Underwood
Number: (206) 553-1162

Anchorage Man Pleads Guilty to Money Laundering Conspiracy

OCT 23 -- (ANCHORAGE, AK) – DEA Special Agent in Charge Arnold R. Moorin and the Acting United States Attorney for the District of Alaska, Karen Loeffler, announced today, October 22, 2008, that Bret W. Hendren, a resident of Alaska, pleaded guilty to conspiracy to commit money laundering involving property in excess of $10,000.

In connection with the guilty plea, Assistant United States Attorney Frank Russo advised the court that on or about March 2005, Thomas Ranes asked Hendren to purchase a Kibbi, LLC, 2005 Renegade Motor Home, as well as a Kibbi enclosed trailer. Ranes provided Hendren with $93,000 in cash to use as the down payment. Hendren then deposited the money into the bank and then made the purchases on behalf of Ranes. In order to make payments for the motor home and trailer, Ranes would bring Hendren cash in approximately $5,000 increments. On one occasion, the money that Ranes brought Hendren smelled liked marijuana. In total, Hendren accepted approximately $150,000 in cash from Ranes, representing the proceeds of Ranes’ drug trafficking, in payments for the motor home and trailer. Ranes is currently serving a 30-year sentence for his part in the related marijuana-trafficking conspiracy.

Hendren is set for sentencing on February 3, 2009. The law provides for a maximum sentence of 20 years in prison, a fine of $500,000 or twice the money laundered, or both. Hendren forfeited his interest in both the motor home and trailer to the United States.

This case was investigated by the Drug Enforcement Administration, Internal Revenue Service-Criminal Investigations, Immigration and Customs Enforcement, and the Alaska State Troopers Major Offenders Unit.