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Ruhl Commercial Boss Pleads To Money Laundering
DAVENPORT (CBS 2/FOX 28) - Charles Arthur Ruhl Jr, who headed Ruhl & Ruhl Commercial Company, admits to one count of wire fraud, and one count of money laundering.
The US Attorney General's office says Ruhl was taking money from his clients, and making false deposits to hide the thefts.
Prosecutors say he deposited thousands of client dollars into his personal account, for expenses like a vacation home in northern Michigan.
He is likely to serve up to 24 months in prison.
Ruhl and Ruhl Commercial has offices in the Corridor, as well as Dubuque. There's no word if any clients from those offices were among those hit during the money laundering from 2008 - 2012.