Mason City car dealer pleads guilty to money laundering

Undercover agents say he agreed to take drug money in exchange for a car.

Posted: Dec 5, 2018 3:49 PM

CEDAR RAPIDS, Iowa – The owner of a Mason City car dealership is pleading guilty to money laundering.

Jerry T. Flaherty, the owner of Wheel Man Auto, entered a guilty plea in Cedar Rapids Federal Court to one count of money laundering.

No sentencing date has been set.

According to court documents, Flaherty met with undercover law enforcement agents in March and April of 2014 and agreed to sell them a car for $20,500. Authorities say Flaherty believed the money he was being given came from the sale of illegal drugs, agreed to fraudulently record it as a $15,000 credit card sale instead of a $20,500 cash transaction, and put the title to the car under someone else’s name.

Article Comments

Mason City
Broken Clouds
66° wxIcon
Hi: 84° Lo: 58°
Feels Like: 66°
Albert Lea
Scattered Clouds
68° wxIcon
Hi: 80° Lo: 59°
Feels Like: 68°
Austin
Scattered Clouds
70° wxIcon
Hi: 83° Lo: 59°
Feels Like: 70°
Charles City
Broken Clouds
66° wxIcon
Hi: 84° Lo: 59°
Feels Like: 66°
Rochester
Clear
67° wxIcon
Hi: 80° Lo: 58°
Feels Like: 67°
Tracking a much needed summer warm-up!
KIMT Radar
KIMT Eye in the sky

Latest Video

StormTeam 3: Summer heat returns Tuesday and will stick around

Image

Mayo's Gabe Madsen offered scholarship by Iowa

Image

North Grand building sells for $1

Image

What's next for the North Precinct?

Image

Central Springs' Nelson honored for 400th win

Image

Firefighters lifesaving awards

Image

Accidental cell phone calls to 911

Image

What do we do about the skyways?

Image

PTSD Awareness Month

Image

Chris' PM Weather Forecast 6/24

Community Events