Saturday, April 9, 2011

Chael Sonnen Sentenced to Probation, $10,000 Fine in Laundering Case

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Chael Sonnen can finally start looking forward to the next phase of his life after a U.S. federal court handed down his penalty for a guilty plea stemming from a money laundering case.

U.S. attorney's office spokesperson Gerri Badden told MMA Fighting that Sonnen was sentenced on Friday to 24 months probation, a $10,000 fine, and forfeiture of his real estate license as the result of his Jan. 3 guilty plea.

In his plea, Sonnen admitted that he was part of a financial transaction that was conducted or designed to disguise the ownership of funds due to wire fraud. The charge had carried a possible fine of up to 20 years in prison and a $500,000 fine.

Source: http://www.mmafighting.com/2011/04/08/chael-sonnen-sentenced-to-probation-10-000-fine-in-laundering/

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