California Woman Indicted in Cape May County Money Laundering Case
A woman from California has been indicted on money laundering, theft by deception, and impersonation charges in Cape May County.
Prosecutor Jeffrey Sutherland says 52-year-old Ling Zhou of Cupertino, CA, was indicted by a grand jury on August 14th after she allegedly defrauded the Seaboard Title Company of Avalon of over $750,000 during an electronic transfer of money in connection to the closing on the sale of a property. Zhou was initially charged on February 23rd.
Sutherland says an individual charged with a first degree crime, such as money laundering, can be sentenced to 10 to 20 years in state prison.