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Attorney Laundered Drug Money
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November 21, 2008
A Charlotte woman agreed to plead guilty to money laundering after acting as the closing attorney in an alleged mortgage fraud. She also helped a drug dealer launder $30,000 by pretending to hire her at her law office.
Demetrius Rainer was part of a group of people who arranged for buyers to purchase homes at inflated sales prices and then on homes in North Carolina and then distributed the proceeds among members of the group.
Charges include mail fraud and mortgage fraud conspiracy. If convicted, Rainer faces five to 30 years and fines totaling up to $2 million. She has also agreed to surrender her law license.
Read story at Charlotte Observer
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