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Canadian Investor Pleads Guilty To Money Laundering

Law360 (November 21, 2006, 12:00 AM EST) -- A Canadian money manager and president of Bahamas-based Dominion Investments Ltd. pled guilty Monday to money-laundering charges in federal court.

Martin Tremblay’s illegal investing activities were discovered last year in a sting operation in which undercover government agents handed off $20,000 in supposed drug profits for him to launder.

Tremblay admitted that the money had been wired into his company’s accounts for laundering. “I knew that was wrong,” Tremblay said in court, Reuters reported.

Tremblay pled guilty to one charge of money laundering in district court...
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