Ex-JPMorgan Manager Cops To Laundering $50M For Crime Op

Law360, New York (November 26, 2013, 2:04 PM EST) -- A former JP Morgan Chase & Co. branch manager on Monday pled guilty to his role in a money laundering scheme designed to cover the tracks of a high-stakes illegal gambling operation with ties to Russian-American organized crime. 

Federal prosecutors say Ronald Uy, 33, of Queens, N.Y., assisted one of the leaders of the so-called Nahmad-Trincher Organization, Illya Trincher, with laundering more than $50 million in proceeds from illicit gambling through various bank accounts and businesses as well as structuring financial transactions at JPMorgan designed to...
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