September 14, 2005
Woman guilty in funds transfer

The Washington Times

Maryland -- A 38-year-old Silver Spring woman pleaded guilty yesterday in U.S. District Court in Washington to operating an unlicensed money-transmission business that sent more than $15 million to locations overseas, including Senegal, Sierra Leone, China, United Arab Emirates, Turkey and India.

U.S. Attorney Kenneth L. Wainstein said Aissatou Pita Barry's guilty plea is the first conviction in the District under federal statutes that make it illegal to transfer money without obtaining a license to operate a money-transmission business and for failing to register her business with the Treasury Department.

Barry faces up to five years in prison and fines totaling $250,000 at a sentencing hearing before U.S. District Judge Ricardo Urbana.

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Posted by Richard at September 14, 2005
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