Tekle Tewolde ordered to turn over $6.35 million
The owner of a music promotion business was ordered to turn over $6.35 million Tuesday for operating an unlicensed money transferring business.
Tekle Tewolde, 45, is the owner of Who U Wit Entertainment. Besides turning over the $6.35 million, Tewolde, who was sentenced Tuesday, was ordered to turn over an additional $98,050 recovered during a seizure warrant and to perform 100 hours community service.
Authorities said Tewolde took cash, checks and wire transfers from people in the United States and then transferred the funds to Ethiopia and elsewhere.
An unlicensed money transmitting business transfers money without a license or doesn’t follow federal registration requirements. Authorities said Tewolde didn’t register his business.
RecommendedRecent Facebook Activity
Only On 7
Now you can get customized weather right down to your street! Plan your day and week ahead with ABC7's Interactive 7-day forecast!
TBD Blogs What you need to read
The Market Report
@TBD On Foot
Best of TBD In case you missed it
Here's a visual look at the eight most delicious, disgusting meals in the country.