Car salesman pleads guilty in money-laundering sting

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by Associated Press

KTVB.COM

Posted on August 26, 2011 at 10:13 AM

Updated Friday, Aug 26 at 3:53 PM

BOISE -- A 46-year-old car salesman pleaded guilty in Boise federal court to money laundering charges after prosecutors said he skirted tax laws to sell cars to undercover agents posing as drug dealers.

Joseph Monte Johnson of Idaho Falls was working at Boise's West Coast Car Co. in 2008 and 2009 when he and others sold two cars for $55,000 in cash.

Johnson agreed not to use the buyers' real names and said he wouldn't file Internal Revenue Service forms required for all transactions exceeding $10,000.

Following the IRS sting operation, Johnson and two other employees were charged in May.

With Thursday's guilty plea, Johnson is due to be sentenced Nov. 17. He faces up to 20 years in prison and a $500,000 fine.

The case against the other employees is pending.

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