Two California men have been charged in Fayette County with money laundering. 26-year old Darren Lam of San Francisco, California is charged with one count of money laundering as information states Lam allegedly “transported monetary instruments having a value of over $10,000 but less than $100,000, said instruments being criminally derived property, with the intent to promote the carrying on of the unlawful activity from which the criminally derived property was obtained.” The charge is a Class 2 felony, punishable by 3-7 years in prison. Lam appeared in Fayette County Court on August 18 and was advised of the charges and bond was set at $100,000. Troy Parrish has been entered as the defendant’s counsel and will appear on August 28 at 10am. Lam posted bond of $10,000 on August 23 and preliminary hearing has been set for September 15 at 11am.
29-year old Jonathan C. Tam of Daly City, California is charged with one count of money laundering as information states Lam allegedly “transported monetary instruments having a value of over $10,000 but less than $100,000, said instruments being criminally derived property, with the intent to promote the carrying on of the unlawful activity from which the criminally derived property was obtained.” The charge is a Class 2 felony, punishable by 3-7 years in prison. Tam is also charged with one count of unlawful possession of controlled substance as information states Tam allegedly “knowingly and unlawfully had in his possession a substance containing cocaine, a controlled substance.” The charge is a Class 4 felony, punishable by 1-3 years in prison. Tam appeared in Fayette County Court on August 21 and was advised of the charges. Troy Parrish has been entered as the defendant’s counsel and will appear on August 28 at 10am for a status hearing and bond posting. Tam posted bond of $15,000 on August 23.