Jun 25, 2013 8:51 AM by AP/CS
BATON ROUGE, La. (AP) - A federal judge has ordered the corporate owners of a now-defunct Baton Rouge convenience store to forfeit nearly $1 million in money-laundering and drug-dealing proceeds to the federal government.
Katelyn & Claire Inc. and Alex T. Inc. did business as Quality Express that offered check cashing, currency exchanges and money transfers. The Advocate report the Baton Rouge companies pleaded guilty in March to money-laundering charges and failing to file currency transaction reports.
Quality Express deposited $178.5 million into a Hancock Bank account, and another $41.9 million at Dow Louisiana Federal Credit Union, according to a May 2012 Internal Revenue Service affidavit.
Chief U.S. District Judge Brian Jackson put the companies on probation for one year in addition to ordering them to forfeit a combined $992,000-plus to the government.
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