A Saco businessman has been sentenced to one year and a day in federal prison for laundering about $39,000 in drug proceeds for a smuggler who brought hundreds of pounds of marijuana from out of state to sell here.
Michael Paul Jr., 45, was sentenced in U.S. District Court on Tuesday, one year after he pleaded guilty in the same court before Judge George Singal on a single count of money laundering.
Paul used his business, Michael Paul Foundations, to deposit marijuana proceeds for drug dealer David Jones in 2012 to purchase a truck in Paul’s name and then transfer ownership of the truck to Jones, according to court records.
Singal also sentenced Paul to serve three years of supervised release following completion of his prison term. Paul was also ordered to pay a $6,000 fine.
David Jones, 30, of Portland, was sentenced on March 18 to serve nine years and two months in prison for smuggling more than 5,500 pounds of marijuana between August 2011 and October 2013, court records state.
A former Saco attorney, Gary Prolman, was also convicted as a result of the same investigation for laundering $177,500 of drug proceeds and was sentenced in December to serve two years in prison.
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