Covington Man Sentenced to 26 Years for Money Laundering Charges
Thu-Oct.30 ,2008 NewsPress
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October 30, 2008
COVINGTON MAN SENTENCED TO 26 YEARS FOR MONEY LAUNDERING CHARGES
Barry Lamonte Smith, age 45, of Covington has been sentenced to twenty six (26) years in the penitentiary for five (5) charges of money laundering and one count of failing to file a Virginia State Tax Income Return. The sentence was imposed by Judge Malfourd W. Trumbo of the Alleghany County Circuit Court.
According to Commonwealth’s Attorney Ed Stein, Smith was indicted by a Special Grand Jury after an investigation by the Alleghany Highlands Drug Task Force. Special Agent Mike Keen of the Virginia State Police,
directed the financial aspects of the investigation. Stein said that this was the first use of an Investigative Grand Jury in the area to investigate drug related offenses.
Smith was found guilty of offenses from 2002 thru 2006. Seventeen (17) years of the sentence was suspended. Upon his release from the penitentiary Smith will be placed on three (3) years probation.
Stein said that in addition to the prison sentence the Task Force seized Smith’s assets including a 1991 BMW, 2002 Acura, 2002 Cadillac Escalade, 2006 Dodge Magnom, jewelry and electronic equipment. The assets will be sold and the proceeds will be given to the jurisdictions that belong to the Task Force.
October 30, 2008
COVINGTON MAN SENTENCED TO 26 YEARS FOR MONEY LAUNDERING CHARGES
Barry Lamonte Smith, age 45, of Covington has been sentenced to twenty six (26) years in the penitentiary for five (5) charges of money laundering and one count of failing to file a Virginia State Tax Income Return. The sentence was imposed by Judge Malfourd W. Trumbo of the Alleghany County Circuit Court.
According to Commonwealth’s Attorney Ed Stein, Smith was indicted by a Special Grand Jury after an investigation by the Alleghany Highlands Drug Task Force. Special Agent Mike Keen of the Virginia State Police,
directed the financial aspects of the investigation. Stein said that this was the first use of an Investigative Grand Jury in the area to investigate drug related offenses.
Smith was found guilty of offenses from 2002 thru 2006. Seventeen (17) years of the sentence was suspended. Upon his release from the penitentiary Smith will be placed on three (3) years probation.
Stein said that in addition to the prison sentence the Task Force seized Smith’s assets including a 1991 BMW, 2002 Acura, 2002 Cadillac Escalade, 2006 Dodge Magnom, jewelry and electronic equipment. The assets will be sold and the proceeds will be given to the jurisdictions that belong to the Task Force.