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Justice News

Department of Justice
U.S. Attorney’s Office
Eastern District of Pennsylvania

FOR IMMEDIATE RELEASE
Thursday, January 8, 2015

Villanova Man Charged With Money Laundering

PHILADELPHIA - Nathan Isen, 61, of Villanova, PA, was charged today by information with one count of money laundering, announced United States Attorney Zane David Memeger.  According to the information, Isen sold 12 pieces of art work in exchange for $20,000 in cash, for the purpose of laundering the $20,000 which he understood to be proceeds from the sale of marijuana.

 

If convicted the defendant faces a maximum possible sentence of 20 years imprisonment, three years of supervised release, a $250,000 fine and a $100 special assessment.

 

The case was investigated by U.S. Immigration and Customs Enforcement Homeland Security Investigations (“HSI”), and is being prosecuted by Assistant United States Attorneys Andrew J. Schell and Judy Goldstein Smith.

 

An information is an accusation.  A defendant is presumed innocent unless and until proven guilty.

Topic(s): 
Financial Fraud
Updated January 8, 2015