California Man Sentenced for Conspiracy to Money Launder and Conspiracy to Distribute Methamphetamine
United States Attorney Robert C. Stuart announced that on Monday, June 5, 2017, Sergio Valencia, Sr., 41, of Moreno Valley, California, was sentenced to two concurrent terms of 13 years and four months (160 months) in prison for conspiracy to money launder and conspiracy to distribute methamphetamine. Following the prison term, Valencia will serve three years on supervised release.
Valencia was convicted by a federal jury in Lincoln in July of 2016. Evidence presented at trial showed Valencia was involved in a scheme to transport methamphetamine from California to Lincoln, Nebraska for resale. Proceeds of drug sales in Nebraska were deposited into bank accounts belonging to Valencia’s landscaping business, his wife, and other family members along with accounts belonging to family members of one of Valencia’s co-conspirators. The approximate time-frame was between April and September of 2011 for the money laundering conspiracy and between January of 2010 and June of 2013 for the drug conspiracy.
Valencia’s wife and co-defendant, Marisela Pescador, pled guilty to conspiracy to money launder and is scheduled for sentencing on June 8, 2017.
This case was investigated by the Lincoln/Lancaster County Drug Task Force.