Baltimore Car Dealers Admit Laundering
Money and Defrauding IRS
Case Demonstrates How Criminals Buy Cars for
Cash and Protect Them Against Subsequent Forfeiture

SEP 21 --Baltimore, Maryland – On September 18, 2009, Brothers Damon Young, age 35, and Larry Young, age 40, both of North Carolina, but formerly of Baltimore, Maryland, pled guilty to money laundering, relating to their sale of a car involving the purported proceeds of illegal activity, announced Ava Cooper-Davis, Special Agent in Charge of the Drug Enforcement Administration along with United States Attorney for the District of Maryland Rod J. Rosenstein. Damon Young also pled guilty to failing to file Internal Revenue Service (IRS) Form 8300, as required in connection with a financial transaction involving the receipt of more than $10,000 and failure to file a federal income tax return. Larry Young also pled guilty to making a false statement on a document sent to the Drug Enforcement Administration (DEA).  >> Full Story