Los Angeles Man Sentenced To 41 Months’ Imprisonment For Conspiring To Launder Money

NEWARK, N.J. – A California man was sentenced today to 41 months in prison for conspiring to launder money obtained from internet-related fraud, Acting U.S. Attorney Vikas Khanna announced.

Charles Singleton, 65, of Los Angeles, California, previously pleaded guilty before U.S. District Judge Madeline Cox Arleo, to Count One of an Indictment, which charged him with conspiracy to commit money laundering.

According to documents filed in this case and statements made in court:

From September 2018 to August 2020, Singleton worked with conspirators to launder money obtained through business email compromises, which is a method of wire fraud often targeting businesses or individuals working on business transactions involving high-dollar wire transactions. The fraud is carried out by compromising, hacking, and/or “spoofing” legitimate email accounts through social engineering or computer intrusion techniques to cause employees of a target company, or other individuals involved in legitimate business transactions, to conduct unauthorized transfers of funds, most often to accounts controlled by the fraud perpetrators.

Singleton opened several business bank accounts in the names of companies he controlled and received proceeds of wire fraud in those accounts. Singleton and his conspirators then withdrew and transferred money from various bank accounts and shared the bank account information. Singleton also executed at least one fraudulent contract with a conspirator for a wire of $70,000.

Every criminal must be punished and every innocent must get justice.

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