Former Sacramento Man Charged with Engaging in Monetary Transactions with Money from Wire Fraud Scheme

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SACRAMENTO, Calif. — A federal grand jury returned a two-count indictment today against former Sacramento resident, William A. Sassman, 53, now residing in Orange County, charging him with knowingly engaging in monetary transactions with criminally derived property, Acting U.S. Attorney Phillip A. Talbert announced.

According to court documents, between October and December 2019, Sassman deposited checks totaling $325,000 into a bank account, knowing that the money was derived from a crime. The money originated from a wire fraud scheme, which is a specified unlawful activity under federal money laundering statutes.

This case is the product of an investigation by the Federal Bureau of Investigation. Assistant U.S. Attorney Nirav Desai is prosecuting the case.

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If convicted, Sassman faces a maximum statutory penalty of 10 years in prison and a fine of $250,000 or up to twice the amount of the laundered money. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.


 

 

 

https://www.justice.gov/disaster-fraud/video/psa-national-center-disaster-fraud

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