Business Services Industry
California Men Get Prison Terms for Role in Offshore Operation.
Knight Ridder/Tribune Business News, November, 2002
By Denny Walsh, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News
Nov. 15--Two California men convicted as key operatives in one of the nation's biggest offshore money laundering schemes were sentenced Thursday to federal prison terms.
Richard Marks, formerly of Sacramento, was sentenced to 81 months and Wayne Anderson of Squaw Valley to 59 months. Each was fined $25,000.
Anderson was also ordered to forfeit to the government a new motor home seized during the investigation, as well as $100,000 found in it.
At the conclusion of a 14-day trial, Marks, 59, and Anderson, 63, were found guilty by a jury in May of money laundering and conspiracy.
Before the trial, Karolyn Grosnickle, 59, of Hoodsport, Wash.,...
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