The Denver federal racketeering trial of a Long Beach man, accused of using his finance company as a private bank to launder profits of a Colorado drug ring, has ended in a hung jury.
No new trial date has been set for William Van Nuys after a U.S. District Court judge dismissed jurors on Monday.
The jury on Friday had returned a partial verdict, acquitting Van Nuys of charges of participating in a continuing criminal enterprise. But the panel was unable to reach a unanimous verdict on the remaining five charges of racketeering and conspiracy to import and distribute cocaine from 1978 to 1982.
Van Nuys was accused of concealing the profits of three suspected ringleaders in the drug operation, who allegedly reported the money as consulting fees in tax returns.