BOSTON – A Boston man pleaded guilty in federal court in Boston to money laundering nearly half a million dollars worth of drug money, according to the Massachusetts US Attorney's office.
Juan Peguero, 29, pleaded guilty to two counts of money laundering last week. He's slated to be back in court for his sentencing scheduled for May 29. Peguero was charged in August 2018 and was released "on conditions," according to the Massachussetts U.S. Attorney
On two occasions in 2015, Peguero transferred almost $500,000 worth of drug proceeds - more than $398,000 in April and $90,000 in June.
The charge of money laundering provides for a sentence of no greater than 20 years in prison, three years of supervised release, and a fine of $500,000 or twice the value of the laundered funds.
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