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| STARLAW.US |
Money laundering can be a serious offense no matter what state you belong to. This
crime requires you to take money from illegal transactions, transactions that
are often really lucrative to those who partake in them, and then hide that
money on your taxes from the government. This kind of activity is so prevalent
right now, and makes those who are into it a lot of money; it is estimated that
there could be up to $1.5 trillion in laundered money each year.
To
launder money, you are going to try to conceal the identity, destination, and
source of money that was obtained in an illegal manner. This is a criminal offense by both federal and state laws and could land you in a lot of trouble.
If you have been caught with money laundering, it is important that you get the
right team by your side right away. Hiring a criminal defense lawyer can make
the process easier as you will be able to figure out which path to take and
keep yourself out of jail.
Concealment
vs. Spending
Money laundering is simply going to happen when you are trying to conceal the funds
that you obtained illegally. This doesn’t mean that the money has to be spent
in order to have it laundered. You have to actually hide the money and where it
came from in order to have this happen. For example, you may sell goods on the
market and then go and make a purchase that you want. As long as you state
where the money came from, you are not going to have issues with money
laundering.
On
the other hand, this is something that often happens with those who are dealing
with drug traffic or other illegal behavior. They may start up a business, even
if it is fake, and then state that all the money that comes from the drugs is
actually money they made at their business. Since they are concealing where the
money actually came from, they are going to be charged with money laundering.
Penalties
There
are some stiff penalties that can come from the charges of money laundering.
Some of these include:
Prison—this is usually charged as a
felony, but it is possible to get a misdemeanor charge in some cases. You could
spend a lot of time in jail without the right defense though.
Fines—the fines are large with this.
If you are able to get a misdemeanor though, you could just spend a few
thousand compared to a felony that could be more than $500,000 total.
Probation—you may have to spend some
time on a probation after you are convicted of money laundering. Failure to
meet all the terms of your money laundering probation could result in further
penalties.
Defense
There
are several defenses that your team will be able to work on with you to help
keep you out of trouble with the law. The first one is to help prove how you
were hiding the money. The Supreme Court has decided that the prosecution is
required to show how you concealed the money in order to hide the control,
nature, source, ownership, and location of this money. You can hide money under
your mattress and not get in trouble for money laundering. Also, just because
the way you got the money is illegal does not mean it is money laundering. The
right criminal defense will be able to help you prove that your concealment of
money was not money laundering so you can avoid some of the harsher penalties
that may come your way.
Belknap County, New
Hampshire, Carroll County, New Hampshire, Cheshire County, New Hampshire, Coos
County, New Hampshire, Grafton County, New Hampshire, Hillsborough County, New
Hampshire, Merrimack County, New Hampshire, Rockingham County, New Hampshire,
Strafford County, New Hampshire, Sullivan County, New Hampshire.
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