North Charleston car dealer charged with money laundering

Published: Nov. 25, 2014 at 8:33 PM EST|Updated: Nov. 25, 2014 at 8:34 PM EST
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NORTH CHARLESTON, SC (WCSC) - A North Charleston car dealer has been charged with money laundering.

Prosecutors say 59-year-old John Nick of Huger was charged in federal court on Tuesday.

According to authorities, in 2010, Nick took a $40,000 cash payment for the purchase of a new car from an individual who claimed to be a drug dealer.

Nick then allegedly covered up the transaction by titling the car in another name to make it appear as if the car was purchased with an $8,500 cash down payment, and the balance financed.

The case was investigated by Special Agents with the Internal Revenue Service, Criminal Investigation.

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