Posted On:1/04/2011 7:05pm
Style: Hung Gar, Choy Lay Fut
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.
Posted On:1/05/2011 2:57pm
Style: BacktoSanshou, nogiBJJ
Damn! That's a hell of a lot of time in prison! Don't drop the soap, Chael! (Are you allowed to say that on this site? lol) no, seriously.
Posted On:1/05/2011 3:24pm
I read somewhere hat because he plead guilty, he'll be on probation for 10 months, get fined a ton of cash, and loose his liscense to sell. No biggie. Hopefully he'll still get to fight Akiyama.
Also, this was already mentioned in the MMA forum I believe...
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