US authorities recently arrested 64-year-old Tennessee resident Donna J. Clark for wire fraud, money laundering, and acting as a “money mule” by operating an unlicensed money transmittal business.
From October 2020 to July 2021, Clark received, deposited, and transmitted money illicitly obtained from fraudulent schemes. These schemes included COVID-19-related PPP loan scheme fraud. The schemes helped Clark to conceal the money trail from victims to the criminals who need their money laundered.
Clark, who pleaded not guilty to the charges, will have a trial on October 5, 2021. She could receive a 30-year-long prison sentence for wire fraud, a 10-year-long prison sentence for the money laundering, and a 5-year-long prison sentence for operating an unlicensed money transmittal business. In addition, Clark will have to pay hefty fines and forfeit property.
Source: US Department of Justice