A real estate agent has pleaded guilty to money laundering for helping a couple use profits from a drug operation to buy a $2-million, 4,538-square-foot home in exclusive Rancho Santa Fe.
Marco Manuel Luis, 31, of Carlsbad, faces a maximum 10 years in prison and a $500,000 fine for having submitted fraudulent loan documents on behalf of Joshua John Hester and Kelsey Wiedenhoefer.
Detailed news link: here
Original case filed (press release July,22 2010 ) link: here