Portland businessman pleads guilty in IRS sting

PORTLAND, Ore. — A Portland businessman accused of laundering gang drug money through car dealerships in Vancouver, Wash., pleaded guilty Tuesday in federal court.

The U.S. attorney’s office says 54-year-old Eddie L. “Fast Eddie” Bynum was caught in an IRS sting when he agreed to take cash from an undercover agent who said it came from dealing drugs.

Bynum pleaded guilty to money laundering and will be sentenced Feb. 18 in federal court in Portland.

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