Jax Beach Treatment Center Owner Pleads Guilty to Money Laundering Nearly $60 Million

Jul 9, 2019

The owner of a Jacksonville Beach substance abuse treatment center pleaded guilty Tuesday to running a nearly $60 million money laundering operation involving laboratory testing services.

36-year-old Kyle Ryan Marcotte was accused of setting up a network involving hospitals and labs in Florida and Georgia and then taking kickbacks on the urine tests he funneled to them.

 

In addition to pleading guilty to a charge of conspiracy to commit money laundering, Marcotte also agreed to forfeit more than $10 million.

 

A sentencing date has not been set.

Contact reporter Cyd Hoskinson at choskinson@wjct.org, 904-358-6351 and on Twitter at @cydwjctnews.

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