Tuesday, March 21, 2023 | Back issues
Courthouse News Service Courthouse News Service

Golf CEO Accused Of Money Laundering

SAN DIEGO (CN) - Federal prosecutors accuse the CEO of Diamond Golf and two accountants of laundering $500,000 in drug money by issuing company checks to wash the money, for a 7 percent "money laundering fee." Diamond CEO Peter Carlo Mertens of Fallbrook, and his accountants Wayne Joseph Fernandes of San Marcos, and William Hamman of Murrieta, washed the money for marijuana dealer Ian Mahon, issued him false tax documents and falsely claimed him as an independent contractor, the 40-count indictment states. Also sued is Mertens' wife, Bettina Thakore.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.