Dealers Listed as Victims of Advertiser’s Money Laundering Scheme, The Advocate Reports
According to a report from The Advocate, Raymond Christopher Reggie, former brother-in-law to U.S. Sen. Ted Kennedy, is charged with six counts of money laundering. In his scheme, two Louisiana car dealers lost a combined total of $1.1 million.
BATON ROUGE, La. — Raymond Christopher Reggie, former brother-in-law of U.S. Sen. Ted Kennedy, is facing allegations of five counts of wire fraud and six counts of money laundering, The Advocate reported this week.
Reggie’s scheme consisted of using his advertising agency — The Research Department, d.b.a. a Nexlevel Group — as a front to defraud both Super Chevy Dealers of Baton Rouge and Supreme Automotive Group, according to the report. The dealers were allegedly charged a collective sum of $1.1 million for advertising the advertising agency never purchased.
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