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
- The Dan Jones-IHL saga: Is this the story that started it all?
- DAVID DALLAS — From Dan and Dixie with love
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Dan Jones rejects IHL offer, won't publicly apologize
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- Suit against Kemper employee Brett Wingo is dismissed
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Ole Miss chancellor: Talks continue over job status