Grand jurors indict former Lafayette business owner on money laundering, theft charges

"Business temporarily closed" reads a sign posted on the door of Deal Zone, 100 South Creasy Lane, Monday, March 8, 2021 in Lafayette

“Business enterprise temporarily closed” reads a signal posted on the door of Deal Zone, 100 South Creasy Lane, Monday, March 8, 2021 in Lafayette

LAFAYETTE, Ind. — Grand jurors indicted the former Deal Zone proprietor of 17 charges ranging from corrupt business impact and theft to tax evasion and money laundering.

Menashi Cohen, 68, of Indianapolis, was arrested Monday on a warrant primarily based on the grand jury’s indictments.

The indictments accuse Cohen of acquiring home stolen from area shops and then reselling the products at the Offer Zone at 100 South Creasy Lane, Treasure on Pallets at 2834 Previous U.S. 231, and CD Land.

He made use of the money to launch other enterprise ventures, according to the indictments.

The crimes stretch again to 2017.

The investigation concerned nearby police, FBI and Indiana Office of Profits brokers.

Previously: Prosecutor files civil lawsuit for forfeiture of confiscated assets

Grand jurors charged Cohen with 4 counts of theft, 4 counts of funds laundering and four counts of tax evasion.

Moreover, grand jurors indicted Cohen on rates of conspiracy to commit theft, corrupt enterprise impact, failure to remit taxes and failure to keep data.

Cohen also is billed with perjury for allegedly lying to grand jurors about his ex-wife’s money in 2017 and 2018. Cohen’s alleged perjury was on March 1 and April 14.

Law enforcement raided Cohen’s regional organizations in March 2021, closing down his organization and confiscating his stock.

Prosecutors later on submitted a civil lawsuit to obtain penalties for what prosecutors think are ill-gotten gains. That lawsuit is pending.

Tippecanoe County Jail documents indicate that Cohen stays incarcerated Wednesday afternoon in lieu of bond.

Attain Ron Wilkins at [email protected] Abide by on Twitter: @RonWilkins2.

This post at first appeared on Lafayette Journal & Courier: Lafayette grand jurors indict business proprietor of revenue laundering

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