3 Americans charged with money laundering in Nevis

Three Americans who operated an Internet money-transmitting company in Nevis have pleaded guilty to money laundering and other charges.



United States Justice Department officials said Douglas Jackson of Florida pleaded guilty to conspiracy to engage in money laundering and operating an unlicensed money-transmitting business.



Baltimore Attorney Barry Downey and Reid Jackson, of Melbourne also pleaded guilty.



Their Nevis-based business allowed clients to buy e-gold, and use it as money for international transactions.



The Justice Department said directors of E-Gold and its corporate affiliate knew that funds from their company were being used for criminal activity, including identity theft and investment scams.