Connecticut Insurance Firm Owners Accused of Laundering $10M

March 19, 2008

Federal agents have arrested the owners of a Danbury , Connecticut insurance firm, accusing them of laundering nearly $10 million.

Renata Amaral and Monica Teixeira are accused of laundering the money between Brazil and the United States in black market operations.

Amaral and Teixeira are each charged with money laundering and making illegal wire transfers.

Court documents show authorities began investigating the allegations as early as last August, when an undercover IRS agent posed as a drug dealer who needed to send money to a Texas bank.

Amaral and Teixeira are to appear before a federal judge Tuesday in Bridgeport for a detention hearing to discuss the terms of their possible release while the charges are pending.


Information from: The News-Times

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