If you are wondering if he was suspended for the money laundering scheme, dating back to a 2006 real estate deal, the answer is no--he is suspended for undisclosed testosterone injections (six months; California State Athletic Commission). So the guy is a winner inside and outside of the cage. The West Linn native, 33, is a UO grad and former Oregon politician. He ran to represent House District 37 (Tualatin, West Linn, and Lake Oswego) this past year but dropped out in June, citing a "legal issue" which turned out to be this crooked real estate deal. Julie Parrish (R) took his place and won. Sonnen has pleaded guilty to money laundering in a deal with Lighthouse Financial out of Vancouver (two Lighthouse employees are also implicated). Reports indicate that Sonnen arranged for a $65,000 kickback to the buyer of a home in Portland. A false loan application was submitted to a subprime lender that has since gone under, with the money coming out of funds allocated for plumbing renovations. Sonnen faces a maximum penalty of $500,000 and up to 20 years in prison. Sentencing takes place on March 28th. So it is safe to say he fucked up. http://www.lakeoswegoreview.com/news/story.php?story_id=129410490911120000 http://www.columbian.com/news/2011/jan/03/real-estate-agent-pleads-guilty-to-money-launderin/
Re: Suspended UFC fighter Chael Sonnen pleads guilty to money laundering in Oregon Credit to caposa, UG:
Re: Suspended UFC fighter Chael Sonnen pleads guilty to money laundering in Oregon Joke overload. - Sonnen, I am disappoint - It wasn't him, it was a guy who sounded Hispanic - Jail Sonnen
Re: Suspended UFC fighter Chael Sonnen pleads guilty to money laundering in Oregon Seeing as how it is a white collar crime and he plead guilty I doubt he does any time. In fact he might not even stop working since he will at least have some fines to pay.
Re: Suspended UFC fighter Chael Sonnen pleads guilty to money laundering in Oregon As part of Sonnen's plea he will reportedly hand over a five-figure fine and give up his real estate license. Since it is a federal case they may still push for him to serve time but as I said before I doubt he will. Edit: in exchange for testimony vs. others being charged, aka ratting, Sonnen will likely get two years of probation. All that really means is that he will have some travel restrictions.
Re: Suspended UFC fighter Chael Sonnen pleads guilty to money laundering in Oregon Chael has also been suspended by the UFC for an undisclosed amount of time. http://mmajunkie.com/news/21976/fol...-conviction-chael-sonnen-suspended-by-ufc.mma Life must suck, Chael. Karma is pretty much a bitch.