North Charleston Automobile Dealer Charged with Money Laundering
Contact Person: Beth Drake (803) 929-3000
Columbia, South Carolina ---- Today United States Attorney Bill Nettles filed an Information charging Huger resident John Nick, age 59, with Money Laundering in violation of 18 U.S.C. §1956 . The Information alleges that in 2010, Nick took payment of $40,000 in cash from an individual, who claimed to be a drug dealer, to purchase a new car and then covered up the transaction by titling the car in the name of a nominee to make it appear as if the car was purchased with an $8,500 cash down payment and the balance financed.
The case was investigated by Special Agents with the Internal Revenue Service, Criminal Investigation. Assistant United States Attorney Eric Klumb is prosecuting the case.
The United States Attorney stated that the charges alleged in the Information are merely accusations and that all defendants are presumed innocent until and unless proven guilty.