Plea saves Ky. man from charges for contraband tobacco
Published: May 30,2013
LOUISVILLE, Ky. — A Florida tobacco distributor long watched by federal investigators has pleaded guilty to money laundering and conspiracy in a scheme to avoid paying taxes owed on online cigarette sales in Kentucky.
Pedro “Peter” Bello became the second person to admit to plotting to use phony invoices to avoid paying taxes on millions of dollars’ worth of cigarettes. Bello entered the plea this afternoon in U.S. District Court in Louisville.
A co-conspirator, 48-year-old Israel Chavez of Louisville, pleaded guilty earlier this month.
Bello’s attorney and federal prosecutors say the deal will spare Bello legal troubles in Mississippi, where the U.S. attorney was considering presenting a case to a grand jury.
Prosecutors say Bello, Chavez and others routed invoices for cigarette sales through companies in other states to avoid paying Kentucky taxes.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS: Tax slasher productions comes to Mississippi
- Status of some bills in the Mississippi Legislature
- Proposed ammo ban empties shelves
- Locker doors opening for Clinton inventor after ‘Shark Tank’
- Columbus-built Airbus gets FAA airworthiness approval
- BILL CRAWFORD: Gunn steals tax cut spotlight
- Bill would make only 1 hospital follow open-meetings act
- Hattiesburg wastewater treatment system could cost $152M
- Olive Branch votes to issue $8 million in bonds