Man Sentenced to Time Served in $2 Million Money Laundering - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Man Sentenced to Time Served in $2 Million Money Laundering

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BALTIMORE (AP)- A Glen Burnie man has been sentenced to time served for laundering more than $2 million obtained through various scams, including conspirators posing as IRS agents and demanding that victims pay taxes they didn't owe.
The U.S. Attorney's Office said in a news release that 43-year-old Kaushik Modi, a native of India living in the U.S. illegally, was sentenced Thursday in federal court in Baltimore. H was also ordered to forfeit and pay restitution of more than $850,000.
Prosecutors say Modi bought prepaid debit cards, which conspirators loaded with money obtained in several scams.
Authorities say one scam involved people posing as IRS agents and calling victims to demand immediate payment for taxes they did not owe. The victims loaded money onto the prepaid debit cards held in Modi's name.

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