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Kansas man admitted using proceeds of son's cocaine trafficking to buy real estate, prosecutors say

Jan 17 2013 Brett Wolf, Compliance Complete

A Kansas man has admitted that he helped his son launder the proceeds of cocaine trafficking by using it to purchase real estate, federal prosecutors in Wichita said Wednesday. Juvenal Fernandez, 57, of Wichita, pleaded guilty to a misprision charge for failing to report his son's cocaine trafficking activities to police. Fernandez and his 31-year-old son Juvenal Fernandez, Jr., were indicted along with a dozen other defendants in March of last year for their alleged roles in a cocaine trafficking ring run by the younger Fernandez. Both father and son ultimately pleaded guilty, as did several other defendants. In 2006 the elder Fernandez received wire transfers from unknown sources in Mexico into his personal account at Emprise Bank, his plea agreement states. In March of that year, a few days after receiving a wire for $13,000, he opened a business account at Emprise Bank in the name Remnew Construction. Under his son's direction, he used the dirty money to obtain cashier's

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