San Antonio Businessman Pleads Guilty To Money Laundering Plot

Law and Justice concept. Mallet of the judge, books, scales of justice.  Courtroom theme.

Law and Justice concept. Mallet of the judge, books, scales of justice. Courtroom theme.

A San Antonio businessman faces up to 20 years in federal prison after pleading guilty on Tuesday to a money laundering conspiracy. The Justice Department says 41-year-old Karen Mgerian pleaded guilty to one count of conspiracy to commit money laundering. He reportedly admitted he conspired to launder millions of dollars in drug money through a scheme involving the sale of luxury cars. Mgerian was arrested on January 31st. He has four co-defendants who face various charges of conspiracy to commit money laundering.

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