Tuesday, November 5, 2024

L.A. Fashion District Wholesaler and Two of Its Executives Found Guilty of Money Laundering and Avoiding Tariffs and Taxes

On October 30, 2024, the Justice Department announced that a wholesale clothing importer located in the Fashion District of downtown Los Angeles and two of its executives have been found guilty by a jury of avoiding the payment of more than $8 million in customs duties on imported clothing, and of running a scheme in which the company laundered money and failed to report on tax returns more than $17 million derived from cash transactions.

Read more HERE

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