Feds say liquor store dealer hid $140,000 in money transfers

By: The Associated Press
By: The Associated Press

A Detroit liquor store owner accused of breaking up about $140,000 in cash transfers into units small enough to evade federal reporting requirements has been sentenced to one year, one day in jail.

Diamond Liquor Store owner Milad Knouna pleaded guilty July 26, and U.S. District Judge Arthur Tarnow sentenced him Tuesday. Tarnow also gave a $30,000 fine and a year's probation to the 54-year-old resident of Oakland County's Commerce Township.

U.S. Attorney Stephen Murphy says in 2003, undercover agents presented money they said came from drug deals. Murphy says Knouna split it up before sending it by Western Union to avoid reporting and record-keeping rules for amounts of $3,000 or more.

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