Check Casher Guilty of Laundering over $100M

A Florida check casher has pleaded guilty to laundering over $100 million in proceeds of health care, mortgage and identity theft tax refund fraud.

Federal prosecutors in Miami say 53-year-old Evelio Suarez pleaded guilty Wednesday to one count of money laundering. His sentencing is scheduled for December 18. Court documents say Suarez controlled a chain of check-cashing stores in Hialeah.

From 2013 to 2015, Suarez caused the cashing of checks that he knew were the proceeds of fraudulent activity. Suarez cashed individual fraudulent Medicare checks exceeding $200,000 and individual U.S. Treasury tax refund checks exceeding $150,000 on numerous occasions.   [Source: Tampa Bay Times]

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