»
you're reading...
MemberCheck AML Compliance Service

Criminal – Sentencing – Money laundering – Food stamp fraud


UNITED STATES v. BEPSY AGUASVIVAS CASTILLO

UNITED STATES, Appellee, v. BEPSY O. AGUASVIVAS–CASTILLO, Defendant, Appellant.

No. 10–1460

— January 17, 2012

Bepsy Aguasvivas–Castillo, the owner of a supermarket chain in Puerto Rico, was convicted on one count of conspiracy to commit food stamp fraud and one count of money laundering.   He had engaged in and enlisted his family in an illegal scheme in which the supermarkets he owned and operated provided cash for food stamps beyond Puerto Rico’s permissible limits.   Some fourteen defendants were originally charged.   Several, including some of Aguasvivas–Castillo’s family members, pled guilty and testified against him.

All told, the supermarkets’ illegal receipts from the fraud, conservatively estimated to be over $4 million, were intermingled with over $20 million in food stamp funds.   Aguasvivas–Castillo was sentenced to 108 months in prison and ordered to forfeit the amount of $20 million.   He appeals only from his sentence, arguing that two sentencing guideline enhancements were erroneously applied, and he challenges the amount of the forfeiture order under the Excessive Fines Clause of the Eighth Amendment.   We affirm the district court’s application of the sentence enhancements as well as its forfeiture order.

Aguasvivas–Castillo was the president, owner, and sole shareholder of Aguasvivas Food Market, Inc. (AFMI) and Aguasvivas Borinquen, Inc. (ABI).  AFMI owned a grocery store located in San Juan, Puerto Rico, and another in Canóvanas, Puerto Rico. ABI owned an additional grocery store in San Juan, Puerto Rico. In 2001, Aguasvivas–Castillo applied for NAP-certification for each of the three supermarkets, and received the certifications in September of 2001.   From that point until his indictment in 2007, he owned and operated the three NAP-certified stores, at which food stamp participants could use their EBT-debit cards to obtain food and cash.   The fraudulent scheme started as soon as the certifications issued and only slowed down after the fraud investigation began and a search warrant was served in 2006.

Detailed judgment link: here

Alternative link: here

AML timeline on Historical scale:
A historical timeline scale listing various sanctions and fines on financial institutions etc (each linked to the Sanctions and Fines section of AMLabc for details)! For more details: click here
AML/Compliance Certifications
Do you know how many AML certifications are out there? This page gives you a list of AML certifications available out there. For more details: click here
AML software vendors:
This list was prepared to get all the known AML software vendors at a single location. For more details: click here
Screening software vendors:
Same as AML software vendors this list provides a list of Screening solution vendors available in the market. For more details: click here
Financial Investigation Units (FIU's) worldwide:
Sometimes you search for FIUs and wonder where to find them. This page shows all FIUs on a world map including AML news hosted on AMLabc from that country. For more details: click here
Subscribe to RSS Feeds Subscribe to e-mail Like us on Facebook Follow on Twitter
Evaluating the Enterprise-Wide Compliance Vendors: Solutions for Anti-Money Laundering and Anti-Fraud March 6, 2012
Evaluating the Enterprise-Wide Compliance Vendors: Solutions for Anti-Money Laundering and Anti-Fraud: For more click here
Global Shell Games: Testing Money Launderers’ and  Terrorist Financiers’ Access to Shell Companies October 1, 2012
Global Shell Games: Testing Money Launderers’ and Terrorist Financiers’ Access to Shell Companies: For more click here
From West Africa to Tibet, new locales enter the offshore secrecy market October 22, 2013
From West Africa to Tibet, new locales enter the offshore secrecy market: For more click here
UK SOCA publishes Annual report for 2011-12 July 7, 2012
UK SOCA publishes Annual report for 2011-12: For more click here
July 2009: EE Survey on European and National Legislation and Guidance on the Prevention of Money Laundering and Terrorist Financing December 5, 2011
July 2009: EE Survey on European and National Legislation and Guidance on the Prevention of Money Laundering and Terrorist Financing: For more click here
Gravity Models of Trade-based Money  Laundering (DNB working paper) September 4, 2012
Gravity Models of Trade-based Money Laundering (DNB working paper): For more click here
*Picked randomly from AMLabc repositoryFor more AML Case Studies: click here
FinCEN Takes Action to Protect U.S. Financial System July 23, 2014
FinCEN Takes Action to Protect U.S. Financial System: For more click here
Odenton man sentenced in waste oil money laundering scheme July 16, 2014
Odenton man sentenced in waste oil money laundering scheme: For more click here
Las Vegas Attorney Sentenced to Prison for Laundering Client’s Fraud Money July 16, 2014
Las Vegas Attorney Sentenced to Prison for Laundering Client’s Fraud Money: For more click here
Nepal: Banking crimes, money laundering cases on the rise July 16, 2014
Nepal: Banking crimes, money laundering cases on the rise: For more click here
FinCEN: Georgia Check Casher Penalized for Repeated BSA Violations July 16, 2014
FinCEN: Georgia Check Casher Penalized for Repeated BSA Violations: For more click here
Former N.J. Lawyer Admits $40.8 Million Mortgage Fraud Scheme July 8, 2014
Former N.J. Lawyer Admits $40.8 Million Mortgage Fraud Scheme: For more click here
For more AML news: click here
Former Hamilton Township, N.J., Official Admits Laundering Bribe Money Allegedly Paid to Mayor July 1, 2012
Former Hamilton Township, N.J., Official Admits Laundering Bribe Money Allegedly Paid to Mayor: For more click here
Some hypothetical cases of credit cards abused for money laundering June 8, 2012
Some hypothetical cases of credit cards abused for money laundering: For more click here
Case Study: Anti-Money Laundering Analysis with Spotfire June 20, 2012
Case Study: Anti-Money Laundering Analysis with Spotfire: For more click here
Hong Kong: Guideline on Anti-Money Laundering and Counter-Terrorist Financing (2012) January 30, 2012
Hong Kong: Guideline on Anti-Money Laundering and Counter-Terrorist Financing (2012): For more click here
ING Bank N.V. Agrees to Forfeit $619 Million for Sanctions Violations June 12, 2012
ING Bank N.V. Agrees to Forfeit $619 Million for Sanctions Violations: For more click here
OCC Issues Cease and Desist Order Against Citibank, N.A April 6, 2012
OCC Issues Cease and Desist Order Against Citibank, N.A: For more click here
http://at.amlabc.com/REWPZF
Ascent AML softwares

Search the right AML job for you

About me

An AML consultant by profession and believer of "sharing is caring" concept, I am using this website to gather every money laundering info spread across the INTERNET. View Abhishek  Dwivedi's profile on LinkedIn

more...

Search the right AML job for you