A Warwickshire man has been jailed after a police investigation into money laundering uncovered tax evasion.
Terrence Lennon, 43, was sentenced to 10 months in prison after he admitted a charge of converting criminal property.
Lennon, of Hillside, Rugby, was sentenced at Northampton Crown Court, following the sentencing of two co-defendants on Friday for money laundering. Stephen Perrett, 31, of Grassmere Green, Wellingborough, and Boyd Ashton Wilkes, 32, of Clarke Road, Abington, were each sentenced to four years.
A jury found them guilty of charges including converting criminal property, obtaining a money transfer by deception, concealing criminal property, and possessing criminal property.
Perrett’s sentence is to run consecutive to a current sentence he is serving for drug dealing and firearms offences.
Teresa Forgione, 42, of Clarke Road, Abington, was cleared of obtaining a money transfer by deception and two charges of converting criminal property.
During the trial the court heard the group were buying and selling houses to disguise drugs money using a company set up called Willen Developments, as well as transferring sums between them in unexplained transactions. Some counts related to mortgage fraud, and some to drugs money found on Perrett.
Others involved having money – the proceeds of criminal conduct – in bank accounts, or trying to convert that money.