Feds: Man used casino to launder drug money
An Arizona man accused of trying to launder more than $1 million in drug money by making it appear it came from cashed out winnings at Hollywood Casino Toledo pleaded not guilty Thursday to multiple felony charges.
Todd A. Brown, 40, is charged with 15 counts of concealment money laundering by reportedly conducting a financial transaction in which the proceeds involved some form of unlawful activity — specifically trafficking, according to United States Assistant Attorney Gene Crawford.
Mr. Brown was indicted last week in U.S. District Court in Toledo and the indictment was unsealed Wednesday, court records show. He appeared Thursday in federal court with his attorney, Stevin Groth, before Magistrate Judge James Knepp II.
Mr. Brown pleaded not guilty to all counts and could face up to 20 years for each charge. An initial sentencing guideline indicated Mr. Brown could face between 6½ and 8 years in prison, according to the federal prosecutor.