Criminal Enforcement of IRS Form 8300 Laws

A Michigan jeweler accused of laundering more than $1.5 million for drug traffickers in under-the-table deals in which he accepted cash for pricey watches and jewelry has pleaded guilty in federal court, prosecutors announced.

Gary Yee, 33, of West Bloomfield, Mich., who for eight years operated Golden Sun Jewelry in the Advance Building in Southfield, Mich., pleaded guilty Tuesday to one count of money laundering and agreed to the forfeiture of $1 million.

"[Court] records reveal that Gary Yee laundered more than $1.5 million in cash for narcotics traffickers.

 

 Follow this link for a press report  on the National Jewelers website:
http://www.nationaljewelernetwork.com/njn/content_display/independents/market-developments/e3i71cdc4be5311379dbc70418a7c9a54b7