Tuesday, July 17, 2012

Mark Bagdasarian and Ryan Bagdasarian were Charged With Additional Counts Of Money Laundering

FRESNO, Calif. — Buds 4 Life owners Mark Bagdasarian, 53, and his son, Ryan Bagdasarian, 24, both of Clovis, were arraigned today on a superseding indictment, United States Attorney Benjamin B. Wagner announced. Both pleaded not guilty to the charges.

The superseding indictment charges Mark Bagdasarian with eight counts of money laundering. The charges are in addition to the original four-count indictment on October 13, 2012 that charged them with conspiring to cultivate and distribute marijuana and possessing marijuana with the intent to distribute it. Mark Bagdasarian was also charged with cultivating marijuana. The next court date for Mark and Ryan Bagdasarian is August 20, 2012.

According to court documents, between April 2010 and October 2011, the Badgasarians conspired to distribute marijuana through the Buds 4 Life marijuana stores they owned and operated. Mark Bagdasarian was also charged with growing marijuana for the stores. The superseding indictment alleges that Mark Bagdasarian laundered proceeds from the business through an ATM installed in the business and by purchasing property in the name of two of his children and two business partner’s children with cash.

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