Politics & Government
UPDATE: Potomac Man Sentenced For Money Laundering
Todd Lubar of Potomac, MD, has been sentenced for money laundering in connection with drug proceeds.
A Potomac man has been sentenced to 15 months in prison, followed by two years of supervised release for money laundering in connection with a scheme to launder drug proceeds.
Todd Lubar, age 39, of Potomac, was sentenced by U.S. District Judge Alexander Williams Wednesday, according to the United States Department of Justice.
Judge Williams has also ordered Lubar to forfeit $20,000.
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According to his plea agreement, Lubar said he was involved in helping several drug dealers launder cash. Luber owned several legitimate businesses in Maryland and Pennsylvania, including a demolition business, Red Rock Service Co., LLC and a scrap metal business, Scrap USA.
During an undercover sting operation, an agent was introduced to Lubar in 2008. Lubar told the agent he could help him launder drug proceeds through his scrap metal business. Police said Lubar also offered the undercover agent professionals to transport narcotics across the country undetected by police.
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