Friday, August 24, 2012

Delaware Man Sentenced to 20 Years in Prison for Drug Dealing and Money Laundering

PHILADELPHIA—Marvin Neal, 44, of Bear, Delware, was sentenced today to 20 years in prison for his role in a drug distribution conspiracy in Philadelphia, in addition to a money laundering charge that was brought by the District of Delaware, announced United States Attorney for the Eastern District of Pennsylania Zane David Memeger and United States Attorney for the District of Delaware Charles M. Oberly. The sentence was handed down by U.S. District Court Judge Lawrence F. Stengel.

On September 12, 2008, Neal’s co-defendants gave $53,000 cash to a person, who was cooperating with the FBI, for the purpose of securing 25 kilograms of cocaine. Once the cash had changed hands, Neal arrived to take possession of the 25 kilograms of cocaine. Neal and his co-defendants believed that the FBI informant was a large-scale distributor of cocaine from Mexico who could provide them with cocaine at the Mexican wholesale price. Neal was arrested when he showed up to take delivery of the cocaine.

While the FBI was conducting its undercover operation, IRS agents in Delaware were investigating Neal for money laundering. The IRS performed an analysis Neal’s household finances for the period 2003-2007 and found that the Neals’ expenditures exceeded their legitimate sources of income by more than $700,000. Neal himself did not report any wages or salaries during the time period. Moreover, during a November 2007 search at Neal’s home in Bear, Delaware, IRS and DEA agents found and seized expensive watches and jewelry. Agents also discovered a safety deposit box in the name of Neal’s wife, in which they found $50,000 in cash and various other pieces of jewelry.

The case was investigated by the Internal Revenue Service-Criminal Investigative Service, the Federal Bureau of Investigation, and the Drug Enforcement Administration. It was prosecuted by Assistant United States Attorneys Karen Grigsby with the Eastern District of Pennsylvania and Shawn Weede with the District of Delaware.

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