PALM BEACH, Fla., Aug. 30 (UPI) -- A Florida millionaire has been accused of laundering money for a family of purported psychics who defrauded desperate customers seeking help, authorities said.
Peter Wolofsky, 84, pleaded not guilty Monday to money laundering in connection with the alleged $40 million scam, the Palm Beach Post reported.
Wolofsky was released after posting two $1 million bonds, the newspaper said.
Wolofsky's attorney, Samuel Rabin Jr., said his client had no connection with the Fort Lauderdale-based psychics led by family matriarch Rose Marks.
"He had absolutely nothing to do with the gypsies," Rabin said. "Other than lending them money he had nothing to do with them."
It was not the first time Wolofsky had been in federal court on money laundering allegations.
In 2008, he was accused of laundering money for a massive drug ring.
He pleaded guilty to a lesser charge of failure to report cash payments over $10,000 and was placed on probation for three years.
On Monday, U.S. Magistrate Linnea Johnson noted that Wolofsky is still on probation for the 2008 charges.
He could face a 20-year prison sentence on the new charges.
