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01-03-2011, 06:26 PM
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#1 (permalink)
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Status: Winning Join Date: Jun 2007 Location: Earth Posts: 859
|  Chael Sonnen pleads guilty to money laundering
Chael Sonnen pleads guilty to money laundering - MMA News Quote:
An Oregon real estate agent has pleaded guilty to money laundering in connection with a mortgage fraud case involving Vancouver-based Lighthouse Financial Group, which also did business under the name Crown Point Financial Services.
Chael Sonnen, 33, of West Linn, Ore., entered the plea Monday in U.S. District Court in Portland. He will be sentenced March 28. The maximum sentence is 20 years in prison and a $500,000 fine.
According to a news release, Sonnen acted as the real estate agent in a transaction involving a home in Portland, and submitted a false letter and sales agreement instructing the title company to disburse $69,000 to a contractor for plumbing repairs. However, in a deal arranged by Lighthouse employees, $65,000 of the money was actually kicked back to the buyer.
Federal prosecutors allege that two Lighthouse employees, Joel Rosabal and Chadwick Amsden, submitted the false loan application to a now-defunct subprime lender.
| Holy Shit
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01-03-2011, 06:31 PM
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#2 (permalink)
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Location: Where I live? No I ask the questions here Posts: 18,243
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Wow.
__________________ There are many paths to freedom....not all are peaceful. | 
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01-03-2011, 06:32 PM
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#3 (permalink)
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Status: 12 Pick Parlay Winner Join Date: Sep 2009 Location: Deep down the rabbit hole. Posts: 6,139
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Oh my God...
What the fuck is going to happen to Chael?!
Wow.
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01-03-2011, 06:35 PM
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#4 (permalink)
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Status: The Could who never Would Join Date: Jun 2010 Location: Centerville, Texas Posts: 323
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Interesting..... Suprised this isn't all over the news, you'ld think it would be.
Edit: Ah, must be breaking news, as I'm seeing it pop up all over different news sites now. When I first searched it out I only found it in one place. Crazy..... But I guess he dug his own grave here.
Last edited by Uvall; 01-03-2011 at 06:42 PM.
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01-03-2011, 06:35 PM
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#5 (permalink)
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Status: Chute Boxe Hero Join Date: Aug 2009 Location: Long Island, New York Posts: 5,833
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Quote:
Originally Posted by DayneFS  Oh my God...
What the fuck is going to happen to Chael?!
Wow. | he will win the middleweight title when he is 53
__________________
"Chael that isn't even your belt!!"
"Well then whose do you propose it is?"
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01-03-2011, 06:35 PM
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#6 (permalink)
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Location: Where I live? No I ask the questions here Posts: 18,243
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Chael Sonnen pleads guilty to money laundering Quote:
Chael Sonnen, an ultimate fighting champion and one-time candidate for a seat in Congress, has pleaded to a federal money laundering charge.
A licensed Realtor from West Linn, Sonnen admitted before a judge Monday that he conducted a financial transaction designed to hide or disguise the ownership and control of proceeds of mortgage fraud, according to a U.S. Department of Justice press release.
The development is the latest during a rough stretch for Sonnen.
The UFC middleweight is suspended from fighting after reportedly testing positive for drugs in late 2010.
Sonnen had dropped out of the race for House District 37 last June citing a 2006 “legal issue” demanding his attention.
After he bowed out, the Republican party chose Julie Parrish, a political newcomer from West Linn, to replace Sonnen in the race against Democrat Will Rasmussen, a lawyer from West Linn. Parrish won election as House 37’s representative in November.
Marcus Williams, a special agent in charge of IRS criminal investigations for the Pacific Northwest, issued a public statement about Sonnen’s case.
“West Linn residents, and other residents throughout the Portland-Vancouver area, can rest assured knowing that federal law enforcement agencies take mortgage fraud very seriously because it played a major role in almost crippling this nation’s banking system just a few years ago,” he said.
Money laundering carries a sentence of up to 20 years in prison and a $500,000 fine.
Sonnen’s sentencing is scheduled for 11:30 a.m. March 28.
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__________________ There are many paths to freedom....not all are peaceful. | |
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01-03-2011, 06:36 PM
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#7 (permalink)
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Status: Chute Boxe Hero Join Date: Aug 2009 Location: Long Island, New York Posts: 5,833
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well this basically garuntees brock vs mir TUF...damnit
__________________
"Chael that isn't even your belt!!"
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01-03-2011, 06:43 PM
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#8 (permalink)
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Status: Awesomebot Join Date: Aug 2008 Location: Augusta, ME Posts: 773
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Fuckin Chael. GJ with the bad decisions. The guy is clearly talented, and could very well be a champion someday, somethin a lot of us were willing to begrudgingly admit years ago whether we were a fan of his or not. It should've been clear tho, with his political aspirations and 'Gonadgate' that he doesn't have much moral fiber, but how fuckin hard is it to be a stand up dude?
I can't wait to see what his nuthuggers will say to defend this latest scandal.
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01-03-2011, 06:47 PM
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#9 (permalink)
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Status: Chute Boxe Hero Join Date: Aug 2009 Location: Long Island, New York Posts: 5,833
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Quote:
Originally Posted by Duskseyr Fuckin Chael. GJ with the bad decisions. The guy is clearly talented, and could very well be a champion someday, somethin a lot of us were willing to begrudgingly admit years ago whether we were a fan of his or not. It should've been clear tho, with his political aspirations and 'Gonadgate' that he doesn't have much moral fiber, but how fuckin hard is it to be a stand up dude?
I can't wait to see what his nuthuggers will say to defend this latest scandal. | not in the next 20 years he isnt!
but ill admit i was chael nuthugger but its getting pretty damn hard to defend him now. i legitimately thought there was more to the steroid story which there was this is just what it is.
dont drop the soap chael
__________________
"Chael that isn't even your belt!!"
"Well then whose do you propose it is?"
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01-03-2011, 06:48 PM
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#10 (permalink)
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Status: Winning Join Date: Jun 2007 Location: Earth Posts: 859
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Quote:
Originally Posted by IceCold48 not in the next 20 years he isnt!
but ill admit i was chael nuthugger but its getting pretty damn hard to defend him now. i legitimately thought there was more to the steroid story which there was this is just what it is.
dont drop the soap chael | I doubt he will be doing 20 years but he will be doing a few for sure.
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