San Diego
A federal grand jury indicted a San Marcos man Thursday on 50 drug-related charges, including money laundering and conspiracy to sell methamphetamine, U.S. Atty. William Braniff announced.
Kevin D. White, 27, was charged with 36 counts of laundering money from narcotics transactions; eight counts of structuring financial transactions to evade reporting requirements; one count of conspiracy to possess and distribute methamphetamine; one count of possession of methamphetamine with intent to distribute, and one count of being a drug user in possession of a firearm.
Additional counts seek forfeiture of three pieces of property, three vehicles and $420,020 recovered from White’s home as the proceeds of narcotics trafficking. Government attorneys also want to seize the property under charges that they are assets traceable to money laundering and illegally structured financial transactions.
Federal law requires that any cash transaction of more than $10,000 conducted with a bank be reported to the Treasury Department. White is accused of breaking up transactions to avoid the reporting requirement.
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