HARLINGEN, Texas (ValleyCentral) — A man who was employed as a Wells Fargo bank manager in Harlingen was sentenced for his role in a nearly 2-year-long money laundering scheme.
Stephen Roland Reyna was sentenced Wednesday to 20 months in prison on a charge of conspiracy to launder monetary instruments.
An indictment charges Reyna & co-conspirator David Mares with participating in the laundering scheme from August 2016 to April 2018.
According to the indictment, Mares was a “participant in a narcotics smuggling organization,” & would ship multiple pounds of cocaine from Texas to other states. The money from the deliveries would be deposited into Wells Fargo bank accounts.
Co-conspirators in other states would deposit money from the shipments into the accounts & then the cash would be withdrawn at the bank in Harlingen.
“[Reyna] would direct his employees to authorize withdrawals that involved the proceeds of the sale of the controlled substances for co-conspirators who made the withdrawals,” the indictment stated.
Reyna bypassed bank protocols, as well as instructed his employees to bypass bank protocols. Reyna would then be paid a portion of the cash withdrawals.
As part of his sentencing, Reyna is ordered to serve an additional 16 months of supervised release & must report to probation 72 hours during his release.
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