Former UFC middleweight title contender Chael Sonnen was today fined $10,000 for one count of money laundering in relation to mortgage fraud.

Speaking with a United States District Court official, Sherdog.com confirmed that the fighter was ordered to pay a $10,000 fine by Judge Michael W. Mosman today at the Mark O. Hatfield United States Courthouse in downtown Portland, Ore. According to court minutes, Sonnen intended to pay the amount following today's 11:30 a.m. hearing.

Court minutes also explained that Sonnen's full sentence will follow, though the docket did not specify when. ESPN.com's Brett Okamoto later reported that the fighter was also placed on two years of probation and had his real estate license revoked.

On Dec. 28, the United States Attorney's Office of the District of Oregon charged Sonnen with one count of money laundering which allegedly occurred in 2006. Sonnen plead guilty to the charge on Jan. 3, as outlined in a press release from the United States Attorney's Office:

“Sonnen, at the time a licensed realtor in the State of Oregon, admitted that a financial transaction he conducted was designed to conceal or disguise the ownership and control of the proceeds of wire fraud.”

According to the release, Sonnen, who acted as the real estate agent for the buyers of a Portland home, allegedly worked in conjunction with two other men to submit a mortgage loan application to Decision One Mortage, asking the lending institution to pay over $69,000 to a plumbing company for repairs on the home. The release explains:

“In fact, Sonnen knew and had negotiated...that no repairs would be performed on the home and the funds designated to the plumbing company would instead be paid to the buyer as a cash incentive to purchase the home. This agreement was not disclosed to Decision One Mortgage.”

According to the document, $65,000 of the $69,000 was paid to the buyers by the plumbing company under Sonnen's supervision.

Sonnen was supposed to square off with Yoshihiro Akiyama at UFC 128 in March, but the fighter's UFC contract was effectively frozen by the promotion due to the charge filed against him. A member of Team Quest, Sonnen was last seen taking middleweight champion Anderson Silva to the limit, dominating the Brazilian for four rounds before succumbing to an improbable, come-from-behind triangle choke at UFC 117 in August.

This item was updated at 9:15 p.m. ET to include information reported by ESPN.com.

view original article >>
Report here if this news is invalid.
From Around the Web

Related News

Chael Sonnen Podcast: Georges St-Pierre, ‘I Could Be the Best’

  • 25 days ago
  • 5 views

Former UFC welterweight champion Georges St-Pierre recently joined Chael Sonnen and said he could still be the best fighter in mixed martial arts. read news >>

Video: Watch today's incredibly uneventful face-off with Gabriel Gonzaga and 'Cro Cop'

  • 25 days ago
  • 1 views

In terms of heated face-offs, there were Jon Jones vs. Daniel Cormier, Michael Bisping vs. Tim Kennedy and – more recently – Jose Aldo vs. Conor McGregor. But Gabriel Gonzaga vs. Mirko Filipovic? Yea read news >>

UFC Fight Night 62 drug test results released

  • 25 days ago
  • 40 views

Brazilian MMA Athletic Commission (CABMMA) today released the drug test results for UFC Fight Night 62 on FOX Sports 1, which took place inside Maracanazinho Gymnasium in Rio de Janeiro, Brazil, on S read news >>

Tickets on sale today for UFC Fight Night 68 in New Orleans, $175 gets you cageside

  • 25 days ago
  • 2 views

Tickets go on sale to today for June’s UFC Fight Night 68 in New Orleans, featuring a light heavyweight tilt at the top of the bill.Filed under: News, UFC, Videos read news >>

USA TODAY Sports/MMAjunkie rankings, March 7: What more can Chad Mendes do?

  • 26 days ago
  • 15 views

It’s not easy being the world’s clear No. 2 featherweight, especially when you already have two losses to the guy ranked a spot ahead of you.Filed under: Bellator, MMA Rankings, News, UFC, WSOF read news >>

Benson Henderson willing to save UFC 186, issues open call for opponents

  • 26 days ago
  • 19 views

UFC 186 lost its planned co-headliner earlier today, but former champion Benson Henderson is willing to save the day.Filed under: MMA Rumors, News, UFC read news >>

Bellator wins injunction, forcing Rampage Jackson off of UFC 186

  • 26 days ago
  • 4 views

Follow Bloody Elbow's coverage of Bellator's lawsuit against Rampage Jackson, who was scheduled to compete at UFC 186 before an injunction was granted to block him from appearing on the card. After a read news >>

UFC hires BALCO investigator Jeff Novitzky for 'clean initiative education program'

  • 27 days ago
  • 0 views

The UFC today announced the hiring of a prominent anti-doping figure as part of its ongoing efforts to ensure clean competition within the promotion’s octagon.Filed under: News, UFC read news >>

Nick Hein to Face Undefeated Lukasz Sajewski

  • 27 days ago
  • 0 views

UFC® today announced that German fan-favourite Nick “Sergeant” Hein has been added to UFC® FIGHT NIGHT: GUSTAFSSON vs. TEIXEIRA, as he looks to take on Polish debutant Lukasz Sajewski. read news >>