Man sentenced in money laundering case involving fake IRS calls
GLEN BURNIE, Md. (WBFF) – A 43-year-old man from India who officials say was living illegally in the United States, has been sentenced to just over a year in prison for a money laundering conspiracy.
Kaushik Kanti Modi has also been ordered to forfeit and/or pay restitution of $857,597.02.
“Modi’s involvement in this scheme is just another unfortunate example of criminals willing to enrich themselves at the expense of their victims,” said Thomas Jankowski, Special Agent in Charge, IRS Criminal Investigation, Washington D.C. Field Office. “Today’s sentence should serve as a reminder that these criminals will bear the consequences of their actions and be sent to prison for their crimes.”
According to Modi’s plea agreement, some of the money came from calls made by conspirators impersonating IRS employees who told people that they owed taxes, and needed to send money to avoid arrest and incarceration.
Other times money was derived through posting items for sale online and failing to deliver them after receiving payment, according to the plea agreement.
Officials say Modi was instructed by conspirators to buy a large numbers of stored value cards and, after money was loaded onto them, use the cards to buy money orders, which were then deposited into bank accounts.
According to his plea agreement, from January 1, 2014 to March 24, 2015, Modi deposited 241 money orders totaling $2,077,308.20 into his bank accounts.
Modi, who was living in Glen Burnie, has been sentenced to approximately 13 and a half months in prison.