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November 1, 2007

N.J. man indicted on money-laundering charge

PROVIDENCE -- A federal grand jury in Providence has indicted a New Jersey man for money laundering involving an alleged attempt to transfer $220,270 in cash from drug trafficking.

Charlie Vu, 45, of Jersey City is charged in an indictment returned on Oct. 24 in U.S. District Court, U.S. Attorney Robert Clark Corrente's office announced today.

He pleaded not guilty today at his arraignment before Magistrate Judge David L. Martin, who released him on $250,000 bail.

On May 11 in Rhode Island, Vu tried to "promote drug trafficking by transferring $220,270 in cash," according to the news release. The U.S. Attorney's office would not elaborate on the details.

Vu was arrested at his New Jersey home on Oct. 25.

The maximum penalty for a money-laundering conviction is 20 years imprisonment and a $500,000 fine.

U.S. Immigration and Customs Enforcement and Rhode Island State Police jointly investigated.

-- projo.com staff writer Michael P. McKinney

Posted by Mike McKinney  at 6:01 PM | Permalink

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