Glen Burnie Man Sentenced To Time Served In Money Laundering Scheme

A federal judge on Thursday sentenced a Glen Burnie man to time served in a money laundering conspiracy.

U.S. District Judge J. Frederick Motz also ordered Kaushik Kanti Modi, 43, an Indian national living illegally in the U.S. to forfeit and/or pay restitution of $857,597.02, the amount seized or restrained by federal authorities.

U.S. District Judge J. Frederick Motz sentenced Kaushik Kanti Modi, age 43, of Glen Burnie, Maryland, a native of India living illegally in the United States, today to time served, which has been approximately 13 and half months, for a money laundering conspiracy arising from a scheme to launder millions of dollars of fraud proceeds obtained from individual victims through a variety of scams. Judge Motz also ordered Modi to forfeit and/or pay restitution of $857,597.02, the amount involved in the money laundering offense that the government has seized or restrained.

“Modi’s involvement in this scheme is just another unfortunate example of criminals willing to enrich themselves at the expense of their victims,” Thomas Jankowski, special agent in charge for the Washington field office of the Internal Revenue Service's criminal investigation unit, said in a statement from prosecutors. “Today’s sentence should serve as a reminder that these criminals will bear the consequences of their actions and be sent to prison for their crimes.”

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