Pacific Northwest Father/Son Convicted Of Fraud & Money Laundering

After a three week trial in Spokane, Washington, Manfred O. Simon, 81, and his son, Frederick M. Simon, 44, were convicted of multiple counts of fraud and money laundering for bilking customers out of nearly $500,000 without delivering goods as ordered. Manfred Simon, of Spokane, was convicted of conspiracy, eight counts of mail fraud and five counts of money laundering yesterday. Frederick Simon was convicted on charges of conspiracy to commit wire and mail fraud, five counts of money laundering, eight counts of mail fraud and 11 counts of wire fraud. Sentencing is scheduled for February 10, 2009. The Simons were officers of Railway Logistic International Inc., which allegedly collected funds for industrial parts from a number of foreign customers without delivering the goods. Frederick Simon was previously convicted in October 2007 of one count of wire fraud in a similar fraud scheme.

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