TO: ALL NEWS MEDIA
FROM: PROSECUTOR MARK MUSELLA
DATE: DECEMBER 20, 2019
JUAN QUEVEDO-GARCIA AND MAGDA QUEVEDO-GARCIA OF FAIRVIEW & PALISADES PARK, NJ CHARGED WITH MONEY LAUNDERING, FINANCIAL FACILITATION-STRUCTURING, CONSPIRACY, FAILURE TO PAY TAXES, AND FILING A FALSE TAX RETURN
Bergen County Prosecutor Mark Musella announced the arrests of JUAN QUEVEDO-GARCIA (DOB: 10/20/1979; owner of FrameQ LLC, BB Frame LLC, QV Excavation LLC, and Q Properties) 315 7th Street, Fairview, NJ and MAGDA QUEVEDO-GARCIA (DOB: 08/05/1984; owner of Q Nails Boutique and Q Properties). The arrests are the result of an investigation conducted by the Bergen County Prosecutor's Office under the direction of Chief Robert Anzilotti, and the New Jersey Department of Treasury-Division of Taxation-Office of Criminal Investigation under the direction of Supervisory Special Agent Bruce Stuck.
In April 2019, the Bergen County Prosecutor’s Office Financial Crimes Unit received information relating to suspicious and unusual money transactions by business entities owned by JUAN and MAGDA QUEVEDO-GARCIA. An investigation revealed that over a three-year period, JUAN and MAGDA QUEVEDO-GARCIA attempted to conceal approximately $5,700,000 by passing the money through a check casher. Cash deposits were then broken down into multiple smaller sums at several different financial institutions in order to evade anti-money laundering reporting laws. In 2017 and 2018, JUAN QUEVEDO-GARCIA failed to report and pay taxes on approximately $1,800,000 in income to the State of New Jersey.
As a result of the investigation, JUAN QUEVEDO-GARCIA was charged on December 19, 2019 with one count of Money Laundering, in violation of N.J.S.A. 2C:21-25b(1), a 1st degree crime; one count of Financial Facilitation - Structuring, in violation of N.J.S.A. 2C:21-25e(3), a 3rd degree crime; two counts of Failure To Pay Taxes, in violation of N.J.S.A. 54:52-9, 3rd degree crimes, and two counts of Filing A False Tax Return, in violation of N.J.S.A. 54:52-10, 3rd degree crimes; and one count of Conspiracy, in violation of N.J.S.A. 2C:5-2(a)1, a 3rd degree crime. MAGDA QUEVEDO-GARCIA was charged on December 20, 2019 with one count of Money Laundering, in violation of N.J.S.A. 2C:21-25b(1), a 1st degree crime; one count of Financial Facilitation - Structuring, in violation of N.J.S.A. 2C:21-25e(3), a 3rd degree crime; and two counts of Conspiracy, in violation of N.J.S.A. 2C:5-2a(1), 3rd degree crimes.
JUAN and MAGDA QUEVEDO-GARCIA are scheduled for first appearances in Central Judicial Processing Court in Hackensack, NJ on Monday, December 23, 2019 at 8:30 a.m.
Prosecutor Musella states that these charges are merely accusations and that the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt, and he would like to thank New Jersey Department of Treasury-Division of Taxation-Office of Criminal Investigation for its assistance with this investigation.