By Trend News Line 2024-03-26 22:58:08.
Inquiry into Potential Money Laundering Case in Colorado Springs
The Colorado Springs police Department (CSPD) has launched an investigation into a potential money laundering case that came to light on Tuesday. The investigation, which was initiated in 2022, has led authorities to serve warrants in connection with the alleged criminal activity.
The investigation was sparked by information received by the CSPD regarding a business operating in The Citadel Mall. It is suspected that this business has been involved in the illicit act of taking in stolen property and subsequently reselling it for profit.
Alleged Businesses Involved
During their investigation, authorities identified two businesses, Heroes and Legends in The Citadel Mall, and Legends and Heroes in the Chapel Hills Mall, as potentially being part of the money laundering scheme. These establishments are under scrutiny for their alleged involvement in the illegal activity.
CSPD emphasised that the theft of new-in-box items carries a significant impact as it results in the non-payment of sales tax on these items. This not only affects the revenue stream but also undermines the integrity of the retail sector.
Residential Location Under Investigation
In addition to the businesses in question, the investigation has also extended to a residential location in the Lorson Ranch neighbourhood. Situated near the intersection of Marksheffel Road and Fontaine Boulevard, this area has come under the radar of authorities as they delve deeper into the money laundering case.
As this is an ongoing investigation, the CSPD is urging anyone with relevant information to come forward and assist in uncovering the full extent of the alleged criminal activity. The department is committed to ensuring that justice is served and the perpetrators are held accountable for their actions.
News 5 will continue to provide updates on this developing story as more information becomes available. Stay tuned for the latest developments in this intriguing case of suspected money laundering in Colorado Springs.
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– Money laundering case prompts police presence
– Colorado Springs malls.