
("Didn’t you listen in the meeting, Woogy? You don’t say ‘pyramid scheme,’ you call it a ‘real estate development opportunity.’"
Just three days into 2011 and the year is already turning out to be much worse than the last for Chael Sonnen.
The suspended UFC middleweight who is also a licensed realtor in West Linn, Oregon pled guilty of money laundering Monday in federal court.
According to the Lake Oswego Review, a U.S. Department of Justice press release sent out today states that that Sonnen "conducted a financial transaction designed to hide or disguise the ownership and control of proceeds of mortgage fraud."
You might recall that Sonnen bowed out of the race for Oregon senate house seat in June because of "a legal matter that demanded attention," — the same legal matter that Chael told HDNet’s Mike Straka that he was too busy with to deal with preparations for his CSAC hearing in December himself. Now we can understand why it took precedence over having his fighting license reinstated.
Money laundering in the U.S. carries a maximum penalty of 20 years in federal prison as well as a $500,000 fine.
His sentencing is scheduled for 11:30 a.m. March 28, which explains why he stated during his MMA Live appearance last week that he wants to fight as soon as he can when his suspension is up on March 1. He’ll likely need the money.








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comments1. Maybe the Fertitas are indeed one of HSBC's 100,000,000 customers. I haven't been in a Nevada casino longer than it took to determine the difference between a slot and an escort, but perhaps they use their financial services for the gambling equivalent of a Best Buy Card. Therefore they might be real pissed. But probably not. Everything is a subsidiary of some larger corporation, international, or conglomerate, and every member of the wealthiest 2% is deeply invested in a couple of those. I'd imagine it's pretty hard to do any kind of fraud these days without it being connected to a Fertita, in a six degrees of Kevin Bacon sort of way.
2. I guess the Sonnen spin will be that he was defrauding a predatory lender, so it was kind of like Robin Hood stealing from the corrupt and giving to his moms. She's a plumber afterall. Again though, this is risky, because defrauding a subprime lender is kind of like scaring someone with a heart condition. The person is going to die of a heart attack eventually, as when the subprime bubble burst, but for god sakes you're not helping, asshole.
P.S. Subprime lending does not equal predatory lending as far as I know, but the majority of the watchdog sites referencing state prosecution of Household International seem to conflate the two in their bulletins. Granted, most of them are dated 2001-2005.
Team Sonnen x Team WarMachine
we could divide them in ethnical teams like gays x nazis or mexicans x blacks, just to create some rivalry, a REAL rivalry, not a Rampage-Evans rivalry
Chael will probably remain silent on the matter until after his sentencing. He wouldn't want to create any more publicity on the matter than there already is. He's already popular, and while interest in him is largely polarizing, not even WWE heels commit mortgage fraud. He can't really stand to gain, especially as this puts the UFC a little bit in a bad position. Leben's DUIs are routine and expected, but the UFC would face added pressure if their fighters attempted rape in their marijuana grow operations like Mike Whitehead, generalized gang rape like Joe Son, or defrauded investors like Chael Sonnen. Then again, BJ Penn was fined and put on probation in 2007 for assault of a police officer, and I doubt anyone remembers that. So if he stays quiet his career in the UFC is probably okay, because the Fertitas don't have their money in predatory lenders. That's for the middle class.
But if he does speak before then, it will undoubtedly be a piece of public relations, attempting to infuence his sentencing. Something penitent like "rules are made to be followed. I broke the rules and deserve to be punished. My wrongdoing was not done out of malice but out of {reality technicality}. I'm sorry for anyone who was harmed by the deal." But since he already has a plea bargin I don't see this statement coming. And come April, I'm not sure he'll have much to say about it either.
*shrugs*
Wait for the tell-all book upon his retirement in 2015. At least we can expect to have him around in the sport longer now that his political career is permanently over.
Absolutely no lying d bags in any of those professions right?
Does he deserve to serve time? Yes, for the same reason's ( totally different style crimes tho) that War machine is in jail, because you can only push so far, and by your actions basically tell the rest of society to go fuck emselv'es before you need to be sat down for a little while to contemplate your attitude towards society.
Anyway, here's what he's done apparently (according to The Oregonian), shows further what a fucking scumbag he is:
The charge against Sonnen stems from the June 2006 sale of a home at 11249 S.E. Rolling Hills Lane in Portland. The lender, Decision One Mortgage, agreed to send more than $69,000 of the loan proceeds to a company called Crown Plumbing, a company owned by Sonnen's mother, for some repair work on the house.
The repair work was never done. Instead, the money went as a kickback to the straw buyer of the house.
Straw buyers were a common phenomenon during the housing boom. Mortgage scammers typically recruited individuals willing to serve as front-men and women and would secure a loan for a home with a falsified loan application. They would then use various means to skim money off the top of the transaction.
honestly i am at a loss of how to cut and paste chael's bullshit in a humorous well written post... you can try yourself its easy something things to keep in mind:
He called lance armstronge a cheater
then pissed hot (with even more of a piss pore excuse)
he mocked the ju jitsu instruction of his opponet
and then got submitted
fuvk my grammar
fcuuk ny logic
fuck this dude
I'm drunk
out
I read that he's only going to face Probation and 10,000 in the form of a fine.
Couldn't happen to a more deserving douchebag.
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