FROM A
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
Extradited Money Launderer convicted in Federal Court in Tampa
28 March 2008

Daniel Prewett, a convicted fraudster who fleeced investors in Florida whilst conspiring with narcotics trafficking clients and laundering their illegal profits, has been convicted after a jury trial in United States District Court, on drug and money laundering charges. Extradited from Italy, where he had fled to avoid prosecution, Prewett is facing ten years to life in prison for his crimes. It is believed that he hid most of the proceeds of his fraud in Costa Rica. The IRS filed an action against him last year, seeking injunctive relief against Prewett, his companies and associates, to prohibit him from further preparation of fraudulent income tax returns. A court-appointed bankruptcy trustee is seeking recovery of $36m.

Readers are advised to go to World-Check's earlier stories on this subject:

Fugitive Sarasota Accountant charged with Money Laundering arrested in Italy, World-Check 10 March, 2007.
Fugitive Florida Fraudster extradited to US to face Money Laundering charges, World-Check 5 January, 2008.

We shall again report on this case after the sentence has been imposed.

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.

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