U.S. Department of Justice
U.S. Attorney's Office
El Paso Division
| FOR IMMEDIATE RELEASE |
| September 21 , 2006 |
On 09/21/2006, Benjamin Hubert Rubicam, age 81, of Midland, Texas, was arrested by agents of the Midland Resident Agency. Rubicam is charged by complaint with a federal money laundering violation under Title 31, United States Code, Section 5324. Rubicam faces up to five years imprisonment if convicted of the charges.
Rubicam's arrest arises out of an investigation of international fraud activity and the distribution of the proceeds of fraud. The charges against Rubicam allege that he structured cash transactions in a manner seeking to avoid the reporting of those transactions to the government.
Rubicam has only been charged with a crime and should be presumed to be innocent.
Anyone
with information about potential money laundering activity is encouraged to
contact the FBI.
Questions regarding this press release should be directed to Supervisory Senior
Resident Agent William S. Vanderland at 432-570-0255.