In Pursuit Of Deferred Prosecution Agreements

Law360, New York (February 8, 2010, 2:07 PM EST) -- All criminal charges against North American Money Transfer Inc. (NAMT) were dismissed by the U.S. District Court in Detroit following a flurry of defense motions and, ultimately, an agreement with the prosecution.

The allegations against NAMT were part of a larger federal investigation into alleged food-stamp and related fraud in the Detroit area. The now-dismissed charges included conspiracy, food-stamp fraud, money laundering, structuring transactions to avoid reporting requirements, and operating an unlicensed money-transfer business.

A guilty verdict on any of those charges against NAMT could have...
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