A Raleigh County man has been sentenced in federal court for money laundering tied to false disclosures during a bankruptcy case.
James E. Monroe Jr., 60, of Daniels, was sentenced to three years of federal probation, including six months of home detention, following his conviction in federal court.
What Happened?
Monroe filed for personal bankruptcy in February 2022. As part of the bankruptcy process, he was required to provide a full accounting of his assets and financial affairs.
Prosecutors say Monroe failed to disclose multiple assets and transactions, including:
Selling more than 10,000 sports trading cards and hiding both the collection and proceeds.
The sale of his Glade Springs home for $525,000.
A retirement account and two loans secured by his whole-life insurance policy.
A storage unit containing property belonging to the bankruptcy estate.
Falsely claiming that his then-minor daughter lived with him and was his dependent.
Investigation and Sentence
The case was investigated by the Federal Bureau of Investigation and prosecuted by the U.S. Attorney’s Office for the Southern District of West Virginia.
U.S. District Judge Frank W. Volk imposed the sentence.