McLean Resident Pleads Guilty to Money Laundering, Illegal Sales Charges
Jonathan Propp conspired to steal millions from Host Hotels and Resorts, L.P., according to the FBI.
A McLean man pleaded guilty this week to charges related to a conspiracy to steal $20 million from Host Hotels and Resorts L.P., a national hotel chain. Jonathan Propp, 48, of McLean, pleaded guilty to charges related to efforts to illegally sell hotels through straw buyers, from which he and another person reportedly made $20 million. Propp also admitted he participated in a plan to steal and launder an additional $15 million, which he used in part for personal and business expenses, according to FBI officials. Propp's pleas were accepted in the U.S. District Court for the Eastern District of Virginia this week. Propp was COO of Molinaro-Koger, a real estate brokerage firm specializing in the hospitality industry. “From 2009 through 2012…
