BOSTON, Mass. (WLNE) — A Rhode Island business owner was sentenced on Sept. 16 for laundering over $35 million in proceeds from internet fraud schemes, according to the United States Attorney’s Office for the District of Massachusetts.
75-year-old Craig Clayton, of Cranston, was sentenced to four years in prison, followed by three years of supervised released, and ordered to pay $40,000 in restitution.
Between 2019 and 2021, the USAO said Clayton used his accounting and “virtual CFO business,” Rochart Consulting, as a front to launder over $35 million through the use of shell companies and fraudulent bank accounts in Rhode Island and Massachusetts…