Waterloo Police arrest 18 people involved in money-laundering scheme

Admin
Published: July 21 2010 | 12:13 pm - Updated: 2 April 2014 | 4:48 pm in

A money laundering scam that started in 2008 is finally coming to a close, after police started arrested 18 people.

The group, consisting of relatives, friends and friends of friends defrauded two banks and two credit unions out of more than $125,000, according to Waterloo Police.

Captain Tim Pillack said police investigators along with the Postal INspection Service worked together to connect all of the people and bank accounts involved. He said the Postal Service was involved because the group tried to buy postal money orders to help launder the money.

Pillack said money laundering is an effort to hide or conceal money and its origins from authorities. He said most often thios group would write checks on newly opened accounts, and write out more money than actually existed in the account. Banks routinely cash checks without having the money in hand from the original check. Police say this group abused the time from when a bank loaned out the money, to when it actually got paid.

Pillack said after investigators arrested each suspect, another name would come up. That list eventually grew to the 18 currently arrested. Pillack said they still have a few more names on their arrest list.

Members of this group face felony charges including first-degree theft. Pillack said that could carry a sentence from two to ten years in prison, depending on what prosecutors decide.

Arrested were:

  • Kornell Seth Epps, 43, of 1122 W. Mullan Ave., Waterloo; charged with Ongoing Criminal Conduct, Theft in the Second Degree and Money Laundering.

  • Edward Martin, 19, of 1109 West Mullan Avenue, Waterloo. He was charged with Ongoing Criminal Conduct, Theft in the First Degree and Money Laundering.

  • Amber Dawn Brott, 33, of 1326 West 4th Street, Waterloo. She was charged with Ongoing Criminal Conduct, Theft in the First Degree, Theft in the Second Degree and Money Laundering.

  • Desiree Michelle Burton, 47, of 906 West Parker Street, Waterloo. She was charged Ongoing Criminal Conduct, Theft in the Second Degree and Money Laundering.

  • Lakeysha Sharece Holmes, 25, of 415 Webster Street, Waterloo. She was charged with Ongoing Criminal Donduct, Theft in the First Degree, Theft in the Second Degree and Money Laundering.

  • Jamieson Rashad Harris, 30, of 92 Newell Street, Waterloo. He was charged with Ongoing Criminal Conduct, Theft in the First Degree and Money Laundering.

  • Claudia Felicity Louise Burton, 49, of 625 Wallgate Avenue, Waterloo. She was charged with Ongoing Criminal Conduct, Theft in the Second Degree and Money Laundering.

  • Topaz Shapri Mitchell, 19, of 908 Wellington Street, Waterloo. She was charged with Ongoing Criminal Conduct, Theft in the Second Degree and Money laundering.

  • Dana Lemar VanArsdale, 33, of 81 Ricker Street, Waterloo. He was charged with Ongoing Criminal Conduct, Theft in the Second Degree and Money Laundering.

  • Colione Deshamoine Fisher, 23, of 625 Wallgate Avenue, Waterloo. He was charged with Ongoing Criminal Conduct, Theft in the Second Degree and Money Laundering.

  • Cheryl Yvonne Hubbard, 55, of 217 Fereday Court, Apartment D, Waterloo. She was charged with Ongoing Criminal Conduct and Theft in the First Degree.

  • Karletha Marie Brown, 21, of 542 Dawson Street, Waterloo. She was charged with Ongoing Criminal Conduct, Theft in the Second Degree and Money Laundering.

  • Terry Lee Bell, 58, of 437 Cutler Street, Waterloo. He was charged with Ongoing Criminal Conduct.

  • Dorian Lynette Burton, age 38 of 604 Burton Avenue, Waterloo. She was charged with Ongoing Criminal Conduct, Theft in the Second Degree and Money Laundering.

  • Sharece Darie Rucker, 20, of 604 Burton Avenue, Waterloo. She was charged with Ongoing Criminal Conduct, Theft in the First Degree, Theft in the Second Degree and Money Laundering.

  • Asha Michelle Martin, 29, of 9931 South Perry Avenue, Chicago, Illinois. She was charged with Ongoing Criminal Conduct.

  • Dorothy Ruth Bray, 44, of 112 Argyle Street, Waterloo. She has been charged with Ongoing Criminal Conduct, Theft in the First Degree and Money Laundering.

  • Shaveyanta Capri Jean Stovall, 19, of 436 Cutler Street, Waterloo. She has been charged with Ongoing Criminal Conduct.

Have you found an error or omission in our reporting? Is there other feedback and/or ideas you want to share with us? Tell us here.



Featured Jobs from corridorcareers.com