SUAB HMONG NEWS (12/06/2018) — According to a press release from the Wisconsin Department of Justice, Xiong Lo, 53, was sentenced to 30 years in federal prison along with a $50,000 fine for a money laundering. He pleaded guilty to the charge on June 26.
Xiong’s wife, Ying Lo, 40, was sentenced to four months in federal prison to go with a $10,000 fine for the drug charge, the release said.
On July 2, 2015, Ying Lo was arrested after delivering 28 pounds of marijuana to a co-conspirator, at the request of her husband. Officials also discovered large amounts of marijuana, approximately $50,000, drug ledgers, digital scales, and drug packaging materials, including vacuum sealers and rolls of vacuum sealed bags during a search warrant at the Lo household, according to the release.
Additionally, officials seized safe deposit keys from the defendants’ home, which led to the seizure of $491,000 in cash from safe deposit boxes rented by the Los.
A 13-month investigation spanning 2014 and 2015 by IRS Criminal Investigators showed the Los made cash deposits exceeding $1,000,000 into their bank accounts, per the release. The IRSCI also determined the Los bought two real estate properties for $180,000 “in full, with an unusual combination of cashier’s checks, teller checks, and money orders from different financial institutions” in 2015. The properties were then sold to relatives at a fraction of the appraised value, the release adds.
Wisconsin Department of Justice Division of Criminal Investigation, IRS Criminal Investigation, Marathon County Sheriff’s Office, and the Wausau Police Department assisted in the investigation.