Tampa man guilty of money laundering – CBS Tampa

TAMPA, Fla. (CW44 News At 10) –Sebastian Visicaro (62, Trinity) today pleaded guilty to conspiracy to commit money laundering. He risks a maximum sentence of 20 years in federal prison. A verdict date has not yet been set.

Under the agreement, Visicaro used its real estate company, two shell companies and bank accounts in the companies’ names to launder the proceeds of an international boiler room fraud scheme that deceived foreign victims through the sale of worthless investments. Visicaro used the companies and bank accounts to receive the fraudulent proceeds, some of which victims linked directly to these accounts from abroad. More often, the proceeds of the fraud from the victims were transferred to US-based accounts controlled by other conspirators and later transferred to accounts controlled by Visicaro. In such cases, Visicaro’s accounts acted as “buffer” accounts, that is, secondary bank accounts used to transfer and conceal foreign victims’ money and avoid being detected by banks.

In all, at least $ 500,000 and potentially as much as $ 1.5 million in victims’ funds flowed into Visicaro-controlled accounts. Subsequently, following instructions from other conspirators, Visicaro transferred most of the funds to accounts held by sales agents and co-conspirators in other financial institutions – thereby promoting the scheme, hiding the source of the proceeds and preventing efforts to find them. income. For his role in the conspiracy, Visicaro received a percentage of the amount of funds he helped launder.


Give a Comment