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Maryland Man Gets Nine Years in HSTF Multi-Million Dollar Money Laundering Case

Judge Matthew J. Maddox sentenced Bright Boateng, 45, of Bladensburg, to nine years in federal prison for conspiring to launder proceeds through the HSTF network. The conviction is the latest sentencing to emerge from a multi-member scheme that moved millions of dollars in illicit funds.

U.S. Department of Justice
1 source·Jun 2, 8:00 AM·1m read
Maryland Man Gets Nine Years in HSTF Multi-Million Dollar Money Laundering Caseupi.com
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Baltimore, Maryland — Bright Boateng, 45, of Bladensburg, received a nine-year federal prison sentence followed by three years of supervised release after a judge found him guilty of conspiring to engage in a large-scale money laundering operation.

U.S. District Judge Matthew J. Maddox imposed the term on June 2 in the District of Maryland. Boateng is one of multiple participants in the HSTF conspiracy, which federal prosecutors described as a multi-member network that moved several million dollars in criminal proceeds through layered financial transactions.

The sentencing concludes Boateng’s role in the case. Prior to today’s judgment the defendant faced a statutory maximum of 20 years for the conspiracy count. The nine-year term reflects the scale of the operation and Boateng’s admitted participation in the scheme that used the HSTF structure to obscure ownership and movement of funds.

Downstream, the conviction triggers asset-forfeiture proceedings tied to the laundered amounts and requires Boateng to begin serving the sentence immediately. Federal Bureau of Prisons will designate a facility within the next several weeks. The three-year supervised release period that follows will impose strict financial reporting and association restrictions.

Other un-sentenced members of the HSTF network now face accelerated pressure to resolve their cases or proceed to trial with one co-conspirator’s cooperation on the record.

This sentencing is the latest public disposition in the Justice Department’s HSTF money-laundering prosecutions. The department has used the HSTF label on multiple related cases originating from investigations that began at least two years before Boateng’s plea.

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