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Petitioner invested some of the proceeds from the
Michigan transaction in legitimate business ventures.
Sometime after the transaction, petitioner purchased a
going concern known as Village Imports which was in the
business of importing and converting "grey market"
automobiles for sale in the United States. Petitioner
also invested approximately $250,000 in a facility known
as Ben Boat Basin. At petitioner's request, Mr. Nelson
used approximately $100,000 of the cash that petitioner
had received from the Michigan transaction to purchase
equipment to be used in petitioner's various business
ventures. Petitioner also used a portion of the proceeds
to purchase gold Krugerrands.
Petitioner had originally agreed to pay Mr. Nelson
$100,000 for his participation in the marijuana smuggling
operation. However, because petitioner earned more than
twice what he had expected to earn from the transaction,
he paid Mr. Nelson approximately $200,000.
On August 11, 1988, petitioner was indicted in the
United States District Court for the Western District of
Michigan and charged with the following offenses in
connection with his involvement in the transaction
described above: (1) Conspiracy to possess with intent to
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