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Report: Boxer Helped Launder Money

June 16, 2001

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BALTIMORE (AP) _ Heavyweight champion Hasim Rahman reportedly helped launder $37,000 for a cousin who was later sent to prison for cocaine and heroin trafficking, according to a sworn statement by U.S. Customs Service agents.

The agents filed the affidavit during efforts to seize an investment account owned by the cousin, The (Baltimore) Sun reported in Saturday’s editions. Rahman has not been charged with any crime, and has declined to comment on the allegations.

The cousin, William A. Fryson Jr., 28, was sentenced to 17 years and five months in federal prison in May, 1998 after pleading guilty to tax evasion, money laundering and drug conspiracy charges.

Customs agents said that before Fryson went to prison, Rahman wrote personal checks and bought cashiers checks on suspected drug money and deposited them as legitimate earnings into Fryson’s investment account.

Fryson’s girlfriend and another woman made similar transactions, bringing the total to $58,000, according to the affidavit.

Fryson is fighting in U.S. District Court in Baltimore to keep the investment account, which authorities are trying to seize. The forfeiture case was filed 10 weeks before Rahman earned the IBF and WBC heavyweight belts by knocking out Lennox Lewis in the fifth round of their title bout in South Africa.

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