subject: Money Laundering Is A Serious Crime, Even If The Accused Is Doing It In Ignorance [print this page] A criminal defense attorney is vital when charges are brought against an individual. Whether there is real cause for being brought up on criminal charges, having a good legal defense attorney can mean the difference between a lengthy jail sentence and getting the defense that can help someone get beyond their problems and back into their life. While something like money laundering seems like an obvious crime, there will still be individuals who engage in it that have no idea what they are doing and can have been duped. However, suspicious transactions over the amount of nine thousand dollars should be avoided, regardless of whom is asking a person to do the favor. Money laundering has evolved beyond just a transfer of money between accounts or holding large sums of cash. For money to be spendable from ill gotten means like drugs, crime or theft, it needs to undergo a series of legitimate transactions. Someone can not just walk into a bank and make a deposit of several thousand dollars in cash without arousing government and banking suspicion. Some people think that if someone hands them thirty thousand dollars in cash, they can just write a check back to them for thirty thousand dollars and the problem will be taken care of. However, by taking cash and handing someone a financial instrument, like a check, they are laundering money and disguising the source of the money.
Unfortunately the possibility of a naive person laundering money because they are in a financial bind, or greedy or stupid happens far too often. When there are money laundering charges brought against an individual, often there are also racketeering charges made at the same time if it is a criminal case. Racketeering charges are also often made if the crimes involve mail or internet fraud. This is a possibility with someone who is dumb enough to believe they have a relative they have never heard of overseas who wants to send them money in a large check that needs to cashed and an amount of money sent back to them in another financial instrument. Too many times there is someone who is trying to get a person on one side of a computer to send money, not always their own, to a place they might never have heard of, in a manner that is difficult or impossible to track or reverse. If a person is involved in a fraud case, they need a lawyer, even if its because of their own stupidity.
by: Art Gib
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