(MENAFN) The owners of a Florida construction equipment exporter were put in prison after they were convicted of money laundering and outlawed transferring at least USD 100 million from businesses largely in Venezuela to U.S. and foreign bank accounts.
U.S. District Judge William Pauley in Manhattan has handed Luis Diaz Jr., aged 76, eight months in jail, while his son, Luis Javier Diaz, aged 51, was given four months.
Prosecutors confirmed that federal guidelines requested a sentence of at least 12 years, and had claimed that the two deserved a sentence below that, but still "substantial."
Assistant U.S. Attorney Geoffrey Berman declared: "Today"s sentence is a sign of the seriousness of these crimes and our Office"s commitment to prosecute them,".
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