Upstate New York business owner sentenced for money laundering and other crimes

An Indian-American man from Liverpool, New York, was sentenced Aug. 21, to 60 months in prison and a 3-year term of supervised release for engaging in money laundering and maintaining a drug-involved premises.

The sentence of Jayesh Patel, 49, who was caught as a result of a sting operation, was  announced Aug. 22, by the United States Attorney for the Northern District of New York Grant C. Jaquith and other officials, in Syracuse, N.Y., according to a press release.

As part of a related civil forfeiture case, Patel agreed to forfeit $931,588.06 in drug proceeds that were seized in cash during search warrants and from bank accounts. Additionally, Patel forfeited 5,150 shares of Solvay Bank stock worth over $200,000.00.

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