MADISON, Wis. – A California schemer was ordered to five years inprison for bilking businesses out of $243,000. U.S. Judge William Conley sentenced, Sinval DeOliveria, 49, of Torrance. DeOliveira was a key player in a group that persuaded small businesses to turn over their cash-on-hand to fake money couriers. DeOliveira then flew to Milwaukee to pick up the fraudulent proceeds and deposit them into a funnel account through multiple ATM deposits. The money eventually was transferred overseas. DeOliveira pleaded guilty in March. The Wisconsin activity, according to prosecutors, was part of the money-laundering of $5.1 million nationwide in a five-month period.
