On Thursday, it was announced that a Louisiana man had been charged with money laundering for his involvement in a fraud scheme involving $3 million in illegal bribe and kickback payments. United States Attorney Erin Nealy Cox announced the charges again Slater Washburn Swartwood Sr. of Louisiana. Swartwood has been charged with one count of conspiracy to commit money laundering.
Signed plea papers were also filed suggesting that the defendant may intend to plead guilty to the charge. Swartwood will face a maximum penalty of five years in prison and a fine of $250,000. According to the filed Information and the plea papers, the defendant started working for “Person A” as a real estate adviser in 1985. In 2010, the defendant began doing real estate consulting for “Company A”.
As first, he was an employee and later became a consultant. Company A was owned and controlled by Person A. It sold cameras and related services for school buses. The company entered into various contracts and a licensing agreement with a Texas agency through its superintendent, who is only identified as Person B. As a result, the state agency purchasing millions of dollars of camera equipment from Company A.
It is alleged that between 2011 and 2016, Person A provided Slater Swartwood with roughly $2 million to funnel to Person B through Swartwood’s companies, Cambridge Realty Group, Anrock Realty Services, and Elf Investments, in return for additional agreements and camera-equipment orders. Additional details can be found here.