Riverside, CA Man Sentenced to 51 Months, $2.5 Million Restitution and $3 Million Forfeiture for Money Laundering
Muskogee, Oklahoma - The United States Attorney’s Office for the Eastern District of Oklahoma, announced today that DAVID LEWIS McDOWELL, age 52, of Riverside, California was sentenced to 51 months imprisonment for Money Laundering, in violation of Title 18, United States Code, Section 1957. McDOWELL was also ordered to pay approximately $2,500,000.00 in restitution and to forfeit $3,000,000.00 in assets.
The charge arose from an investigation by the Internal Revenue Service, Criminal Investigation and Federal Bureau of Investigation. The defendant was indicted in April, 2013 and pled guilty in March, 2014.
The Indictment alleged that on or about June 25, 2008, through November 9, 2009, in the Eastern District of Oklahoma, the defendant did knowingly engage in a monetary transaction through a financial institution, affecting interstate commerce, in a criminally derived property of a value greater than $10,000, that is, by causing money to be transferred from accounts at Ameristate Bank, such proceeds having derived from a specified unlawful activity, that is wire fraud.
The Honorable James H. Payne, District Judge in the United States District Court for the Eastern District of Oklahoma, in Muskogee, presided over the hearing.
Assistant United States Attorney Melody Nelson represented the United States.