Sonnen Pleads Guilty to Money Laundering

[JavierDLC]

Originally Posted by J.B.

I am still recovering from New Years Eve...

Fights have been the last thing on my mind the last few days brother. I need to re-watch them.

Hope you get better J.B

What did you think of the Edgar vs Maynard draw?

Wow, that's pretty nuts. I didn't know Sonnen was a part time realter, I wonder if people ever pretend to be interrested in a house just so they can meet him?

[J.B.]

Originally Posted by JavierDLC

Hope you get better J.B

What did you think of the Edgar vs Maynard draw?

At first watch, I thought Maynard could have gotten the nod. Like I said though, I gotta watch again.

Stann finishing Leben was pretty sweet.

According to a news release, Sonnen acted as the real estate agent in a transaction involving a home in Portland, and submitted a false letter and sales agreement instructing the title company to disburse $69,000 to a contractor for plumbing repairs. However, in a deal arranged by Lighthouse employees, $65,000 of the money was actually kicked back to the buyer.

How does that work? Do they expect the title company to just hand over money for plumbing repairs without any questions? Why is it the responsibility of the title company to pay for the repairs anyway? This whole scam has me confused.

[J.B.]

Originally Posted by County Mike

How does that work? Do they expect the title company to just hand over money for plumbing repairs without any questions? Why is it the responsibility of the title company to pay for the repairs anyway? This whole scam has me confused.

Its a form of mortgage fraud where they give kickbacks to a "fake" buyer in order to get a buyer with worse credit availability to property. Then the fake buyer signs the deed over to the other party...in this case its a plumbing company that Chaels mom owns.

I read somewhere he could get 20 years at the bootyhouse.

Melissa, you better get them files ready and that cake in the oven!

[J.B.]

Originally Posted by Buc Nasty

I read somewhere he could get 20 years at the bootyhouse.

Melissa, you better get them files ready and that cake in the oven!

That's not gonna happen. Supposedly he already copped a plea deal and he won't be getting anything serious, but 20 years was the max he could have gotten. If he does get any prison time, I think it would be safe to say his fight career wouldn't be able to survive at this point.

[J.B.]

Originally Posted by sasquatch

Wow, that's pretty nuts. I didn't know Sonnen was a part time realter, I wonder if people ever pretend to be interrested in a house just so they can meet him?

People actually call his phone all the time and give him grief. He loves it. Some buddies and I spoke to him before the fight with Silva.

Although, I don't think he's a real estate salesmen anymore after this. Other reports say he has to surrender his license.

[adamt]

Originally Posted by J.B.

Its a form of mortgage fraud where they give kickbacks to a "fake" buyer in order to get a buyer with worse credit availability to property. Then the fake buyer signs the deed over to the other party...in this case its a plumbing company that Chaels mom owns.

yeah it's only legal when the government does it

or makes you do it


cept they're doing it with our money to the big companies

[J.B.]

Originally Posted by adamt

yeah it's only legal when the government does it

or makes you do it


cept they're doing it with our money to the big companies

That's true to some degree, but it still doesn't change that Chael knowingly committed fraud. Go figure, he wanted to be a politician.