Couple who agreed to launder money sentenced | NevadaAppeal.com

Couple who agreed to launder money sentenced

Associated Press

LAS VEGAS – A Las Vegas couple who undercover officers said agreed to launder more than $1 million they believed to be drug money have been given five years probation.

U.S. District Judge Howard McKibben on Monday also ordered Sue Ying Wong, 40, and Raymond Yin, 61, to spend three months in a halfway house and three months under house arrest.

Wong and Yin were indicted in March 1998 on multiple money-laundering counts following a two-year police investigation.

According to court documents, Wong and Yin gave undercover officers posing as drug dealers $514,000 in $100 bills in exchange for smaller denominations in the winter of 1997-98.

Wong met the officers while working as the Asian marketing director for Bally’s hotel-casino. She told them she knew several people who would be willing to launder money, but then agreed to do it herself.

Wong eventually introduced the officers to Yin, a retired radiologist, and together they laundered $454,000 of the $514,000, according to court documents. In addition, the pair offered to sell the officers a 2-acre parcel of land, bringing the total amount of money laundered to about $1.2 million.

According to court documents, Yin and Wong received commissions of between 5 percent and 8 percent.