Chael Sonnen Pleads Guilty to Money Laundering
January 03, 2011
Chael Sonnen Pleads Guilty to Money Laundering Related to Mortgage Fraud
PORTLAND, Ore. - Chael Sonnen, 33, of West Linn, Oregon, plead guilty today to one count of money laundering in federal court before the Honorable Michael Mosman. Sentencing is scheduled on March 28, 2011 at 11:30 a.m.
Sonnen, a licensed realtor in the State of Oregon, admitted that a financial transaction he conducted was designed to conceal or disguise the ownership and control of the proceeds of wire fraud.
According to the press release he could face up to 20 years and $500,000.