Replies to post #138088 on DD Support Board and Research Team

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Zouvas was charged with laundering money he believed to be proceeds of stock fraud schemes.

Eight Defendants Indicted for Stock Fraud-Related Offenses

Assistant U. S. Attorneys Aaron P. Arnzen [phone] and Andrew J. Galvin [phone]

NEWS RELEASE SUMMARY – July 13, 2018

SAN DIEGO – Eight people, including a San Diego lawyer, were indicted by a federal grand jury for participating in three unrelated securities fraud crimes.

Arrests by the FBI began on July 5, 2018, and culminated July 11, 2018 when Luke Zouvas of Point Loma was taken into custody. Zouvas was charged with laundering money he believed to be proceeds of stock fraud schemes. According to court records, Zouvas was contacted by a former business associate for whom he had previously laundered stock fraud proceeds. In exchange for a money laundering fee, Zouvas agreed to pick up where the two left off years ago by funneling over $500,000 through his law firm’s client trust account.
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https://www.justice.gov/usao-sdca/pr/eight-defendants-indicted-stock-fraud-related-offenses