A local attorney admitted Tuesday that he took part in an unlicensed money transmitting business that illegally conducted nearly $12 million worth of international financial transactions in violation of the Bank Secrecy Act.
In his plea agreement, attorney Richard Medina admitted that he was involved in the operation of a commercial enterprise that collected cash from clients in the United States and transferred the money to points around the world without registering the business with the Secretary of the Treasury, as required by law.
Medina, 39, also pleaded guilty to a conspiracy charge. His sentencing is set for Dec. 7.