Convenience store to forfeit $1 million in money laundering case - WAFF-TV: News, Weather and Sports for Huntsville, AL

Convenience store to forfeit $1 million in money laundering case

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A Baton Rouge convenience store has pled guilty to money laundering charges.

Quality Express will forfeit almost $1 million as part of the plea.

The Foster Dr. business offered check cashing, currency exchanges and money transfers.  Over a one-year period, an undercover agent brought more than $275,000 in cash to the store for exchange or transfer.  The money was represented to be drug proceeds.

In addition to the money laundering charges, Quality Express also pled guilty to several counts of failure to file currency transaction reports.

Federal law requires that financial institutions file a currency transaction report for any cash transactions over $10,000.

Thang "Tommy" Minh Tran, an operator of Quality Express, had previously pled guilty to conspiracy to launder monetary instruments and money laundering.

Two former employees, Thahn "Money" Nguyen and Son "Tattoo" Nguyen also pled guilty to distribution of Ecstasy.

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