Former Wells Fargo branch manager from Burbank was arrested for allegedly allowing two Glendale men to launder $1.29 million, Los Angeles Times reported.
Albert Yagubyan, 36, Armenian by origin, pleaded not guilty Tuesday. He helped Artashes Darbinyan, 36, and Orbel Hakobyan, 41, to open bogus bank accounts to launder proceeds from a mass mailing scam targeting U.S. trademark holders.
A trial will start in September, the federal official said.
Both Darbinyan and Hakobyan were previously charged in the scam
