A Newport Beach couple were charged Wednesday with multiple felonies after authorities alleged they stole more than $5.9 million in a real estate fraud scheme and laundered the money to purchase a luxury car and invest in a winery.
Ronald Cedric Touchard, 59, faces 54 counts of money laundering, three counts of grand theft and three counts of recording a false or forged instrument, as well as several possible sentencing enhancements, according to Orange County Superior Court records.
Misty Denise Touchard, 43, faces 13 counts of money laundering and three counts of grand theft, as well as possible sentencing enhancements, court records show.
If convicted, Ronald Touchard could face a maximum of 55 years and four months in state prison and Misty Touchard could face 24 years and eight months, according to prosecutors.
READ MORE: http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-touchard-20180524-story.html
