A Colorado man on Monday was sentenced to more than 15 years in prison for peddling methamphetamine in Alaska and laundering the proceeds, federal prosecutors in Fairbanks, Alaska said.
Mario Gutierrez, 40, from Northglenn, Colorado, previously pleaded guilty.
Between August 2009 and November 2011, Gutierrez mailed methamphetamine from the Denver, Colorado area to an accomplice, Jess Baird, in Fairbanks.
Once the drugs were sold, Baird deposited the resulting cash into a Wells Fargo Bank account belonging to Gutierrez at branches in Alaska.
Gutierrez then withdrew the money in Colorado.
Between July 2009 and August 2010, nearly $350,000 in cash was deposited into Gutierrez’s bank account.
Bank accounts used to move drug proceeds from distributors to suppliers in this manner are known as "funnel" accounts. The abuse of such accounts is commonplace.
These transactions earned both Baird and Gutierrez money laundering conspiracy convictions pursuant to Title 18, US Code,
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