Manglitz must forfeit laundered funds, judge rules

June 26, 1996|By Caitlin Francke | Caitlin Francke,SUN STAFF

In addition to serving jail time, Glenwood developer Philip Manglitz must forfeit $255,000 in funds he laundered for a western Howard County drug ring, a federal jury ruled yesterday.

Under federal law, prosecutors can seek cash or goods linked to a crime.

Manglitz was convicted Monday of five counts of money laundering and one count of drug conspiracy for his role in a drug ring that imported more than 3 tons of marijuana into the county from 1984 to 1994.

After three days of deliberations, the jury acquitted him of one drug charge and was deadlocked on two money-laundering counts.

At least eight members of the ring -- from Maryland to California -- have pleaded guilty. A truck driver who ferried the marijuana in a moving van for military personnel -- among other vehicles -- was convicted of federal charges.

Manglitz faces the possibility of life in prison for selling land in western Howard County to drug dealers seeking to hide their illicit profits, according to court testimony.

Prosecutors initially had sought about $600,000 from Manglitz, but the amount was lowered because the company that received the money -- Carman Associates -- was co-owned by Manglitz and his former partner, Ronald Carter.

Carter, who earlier pleaded guilty to tax evasion, forfeited $270,000 as part of his plea agreement with the federal government. Carter did not report more than $150,000 in cash he received for land sales to Dayton contractor Randolph Ayersman and Silver Spring resident Dana Kleberg.

Ayersman and Kleberg have both pleaded guilty to drug charges and testified against Manglitz. Prosecutors said Carter did not know the money was coming from drug sales.

Pub Date: 6/26/96

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.