Colorado man gets 15 months jailtime for $200,000 money laundering scheme

A Colorado man was sentenced to months in prison for laundering more than in COVID- relief funds during the pandemic s peak federal officers publicized last week William Chadwick a -year-old man from Akron laundered in funds stolen from COVID- relief programs between May and August according to the plea agreement The man took a deal and pleaded guilty in June to one count of money laundering in the romance fraud scheme and was sentenced to months in prison in September according to the U S Attorney s Office in Colorado More than applications for unemployment insurance were submitted on behalf of other people from addresses tied to Chadwick totaling more than million in approved benefits the document stated Chadwick also received a Paycheck Protection Venture business loan for a fake business and nearly in crisis rental assistance according to the document He used the stolen money to send cryptocurrency and gift cards to an unidentified woman he met online federal leaders explained Laundering money which was stolen from the federal leadership is a crime against every hard-working tax-paying citizen of the United States Colorado U S Attorney Peter McNeilly commented in a announcement Our office is committed to prosecuting those who look to prosper off fraud against the administration Law enforcement interviewed Chadwick at his home in June and the man voluntarily turned over more than a dozen unemployment insurance benefit cards receipts for the money he pulled from ATMs and more than gift cards purchased using the stolen funds according to the plea agreement Related Articles Northern Colorado home day care owner charged with child abuse Pedestrian struck killed in Westminster crash Lakewood residents try to rebuild after fire damages destroys apartments Driver killed in westbound I- crash near Palisade Bomb threat against U S Rep Jason Crow s Aurora office not credible police say Chadwick continued laundering the stolen money for at least two months after federal executives disclosed The maximum sentence for the money laundering charge that Chadwick pleaded guilty to is years in prison and in restitution Sign up to get crime news sent straight to your inbox each day