US authorities have found Maryland attorney Kenneth Wendell Ravenell guilty of conspiracy to commit money laundering.
Ravenell received drug proceeds from clients involved in drug trafficking. He received the illicit funds in the bank accounts of the law firm where he practiced. He also used these bank accounts to launder over a million dollars.
Additionally, Ravenell used the illicit funds to pay the attorneys who were representing other co-conspirators. He also invested the money on behalf of a drug trafficker client, while concealing the true source of the funds. In return for laundering the money, Ravenell received large sums of cash, also obtained from drug sales.
Ravenell could face up to 20 years in jail for the money laundering conspiracy. He will receive his sentence on May 14, 2022.
Source: US Department of Justice