News Summary
Craig Clayton, a 75-year-old from Cranston, RI, has pleaded guilty to money laundering and obstruction of justice after laundering over $35 million from internet fraud schemes. He faced charges stemming from fraudulent activities conducted through his business, Rochart Consulting, involving shell companies and manipulating financial transactions. With sentenced set for August 2025, Clayton’s actions highlight serious concerns in combatting internet fraud, especially targeting vulnerable individuals.
Rhode Island Man Pleads Guilty to Laundering Over $35 Million from Internet Fraud Schemes
Craig Clayton, a 75-year-old resident of Cranston, Rhode Island, has pleaded guilty to charges of money laundering conspiracy and obstruction of justice in a federal court located in Boston. Clayton’s actions led to the laundering of over $35 million derived from various internet fraud schemes, with his sentencing set for August 13, 2025.
Clayton’s legal troubles began when he was arrested in February 2023 following the filing of a criminal complaint against him. He operated a business called Rochart Consulting from 2019 to 2021, through which he employed illegal methods to manipulate financial transactions and conceal the origins of the fraudulently obtained funds. Evidence gathered during the investigation revealed that Clayton created multiple shell companies to establish fraudulent bank accounts in both Rhode Island and Massachusetts.
Details of the Fraud Schemes
The fraud schemes orchestrated by Clayton primarily targeted vulnerable individuals, including those seeking romantic relationships and elderly victims involved in various business scams. One notable shell company, Providence Sanitizer, falsely claimed to sell hand sanitizer while actually laundering a staggering $16.8 million. Investigators found that Clayton was not only aware of the illegal nature of his activities but also acknowledged his role as a “money mule” in communications with co-conspirators.
In a bid to evade law enforcement scrutiny, Clayton expressed concerns that his phone communications were being monitored and suggested using secure messaging app Signal to protect their conversations from police surveillance. This behavior highlights Clayton’s awareness of the illicit nature of his operations and his intent to obstruct justice.
Attempts to Mislead Authorities
During the course of the investigation into Rochart Consulting, Clayton made false claims asserting that his shell companies were legitimate businesses in an attempt to mislead federal investigators. He communicated with an undercover law enforcement agent and indicated that his business would not engage with individuals associated with law enforcement, further demonstrating his intent to deceive authorities and obstruct their inquiries.
The charges against Clayton carry significant legal repercussions. The money laundering conspiracy charge alone has a potential maximum sentence of up to 20 years in prison, accompanied by a hefty fine of $500,000 or double the amount of the proceeds. The obstruction of justice charge also holds a maximum penalty of up to 20 years in prison, with a fine of $250,000 and the possibility of three years of supervised release following his prison term.
Legal Context and Prosecution Efforts
This case is being prosecuted by Assistant U.S. Attorneys from the Securities, Financial & Cyber Fraud Unit, reflecting the severity of the financial crimes involved. The prosecution highlights a growing concern regarding internet fraud, particularly schemes targeting vulnerable populations, and emphasizes the importance of rigorous law enforcement efforts to combat such acts.
Craig Clayton’s guilty plea marks a significant development in the fight against financial fraud and the illicit activities that exploit individuals seeking online connections and business opportunities. As authorities continue to crack down on internet fraud schemes, cases like Clayton’s underscore the urgent need for vigilance and awareness among potential victims.
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Author: STAFF HERE PROVIDENCE WRITER
PROVIDENCE STAFF WRITER The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
