Guilty Plea in Money Transfers to Mideast
A man pleaded guilty in Salt Lake City to running an illegal money-transferring business that sent nearly $2 million to the Middle East.
Kareem Abdalhassin Albasam, 42, allegedly used nine personal accounts at four Utah banks to transfer the money to Arab Bank in Amman, Jordan.
His brother later distributed the money in Jordan, Syria and Iraq, authorities said.
Albasam faces up to five years in prison and a fine of $250,000 when he is sentenced March 24.
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