Two arrested, $17,000 seized in money laundering case
By FAITH HUFFMAN | News-Telegram News
Aug. 1, 2007 - A late night traffic stop Tuesday by state troopers resulted in two felony arrests and the seizure of more than $17,000 in cash.
Texas Department of Public Safety Trooper Joseph Hogue arrested the two Tennessee men after he observed a red Chrysler passenger vehicle speeding down Interstate 30 at 79 miles per hour in a 65 mph speed zone. Hogue initiated a traffic stop at 11:20 p.m.
The driver was identified as Paul Spencer Montgomery, 26, and the passenger as Dontel Michael Spann, 24, both of Jackson, Tenn. Hogue discovered that the pair were in a rented vehicle, but neither occupant was the person who rented the car, according to arrest reports.
Montgomery was patted down for weapons, and bundles of cash were found in his pocket. Marijuana was also visible in the car. Both men were charged with possession of a misdemeanor amount of marijuana. Spann was found to have about $4,000 in his possession.
Both men were charged with money laundering after all the cash seized. The seized money totaled $17,133, according to arrest and jail reports.
Montgomery and Spann remained in the county jail Wednesday morning in lieu of $10,000 bond on the felony money laundering charge and $1,000 on the marijuana charge, according to jail reports.