Palm Coast man accused of laundering money in motorcycle Ponzi scheme


A 45-year-old Palm Coast man was being held Thursday on $1 million bail, accused of laundering money as part of a motorcycle Ponzi scheme, a Flagler County sheriff's spokeswoman said.

Michael Stevens of Calusa Court was arrested Wednesday on a warrant charging him with money laundering, a first-degree felony, and "structuring," a second-degree felony, meaning that he evaded currency-transaction reporting requirements, according to court documents.

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