Silver Spring man convicted of money laundering conspiracy

GREENBELT, Md. (AP) — A federal prosecutor said a Maryland man has been convicted of charges stemming from a scheme to defraud account holders at a credit union.

The U.S. Attorney’s Office in Maryland said in a news release that a federal jury convicted Francis Arthur, 35, of Silver Spring for a money laundering conspiracy and for money laundering.

The verdict, which was announced Thursday, was returned on Wednesday.

The jury acquitted Arthur of a wire fraud conspiracy charge.

Arthur faces up to 20 years in prison for the money laundering conspiracy and for each of five counts of money laundering.

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