Texas man sentenced for money laundering at Richmond-based company

A Texas man was sentenced to 12 months and one day in federal prison after he laundered money from a business he co-owned based in Richmond, according to federal authorities.

Neil Divers, 66, pleaded guilty to one count of wire fraud and one count of money laundering on July 17, according to a news release from United States Attorney Ismail J. Ramsey. He lives in Godley, Texas, but previously resided in Chico.

Divers will also have to pay restitution, with the amount set to be determined at a hearing Jan.