Get Experienced Trial-Tested Legal Representation Against Money Laundering Charges
When money obtained from an illegal source – such as drug trafficking or any criminal activity – is concealed or disguised to make it appear like it is from a legitimate source, this crime is known as money laundering. Criminal enterprises commonly use “front” businesses to not only seem lawful but also create a new “paper trail,” so the funds collected from criminal activity can be used for general purchases. While money laundering can be charged as a state crime, it is also considered a federal offense if it involves interstate commerce or the revenue involves multiple states or countries.
If you have been accused of federal money laundering, contact Peter Barrett: Dallas Criminal Defense Attorney today. With more than 25 years of experience, our attorney has handled well over 100 jury trials in state and federal courts throughout Texas. We are ready to protect your rights, reputation, and freedom.
Federal Money Laundering Laws And Penalties
To prove federal money laundering charges, the prosecution must show that the defendant concealed money in order to disguise or hide the source, ownership, location, nature or control of the funds by converting it through a legal source and making false representations about the criminal proceeds. Additionally, the profits must be derived from some criminal activity prior to being laundered.
Common crimes involving money laundering include:
- Drug crimes
- Mail fraud
- Wire fraud
- Bank fraud
- Credit card fraud
- Securities fraud offenses
- Racketeering or RICO
- Tax evasion
Federal money laundering is punishable by imprisonment in a federal institution for up to 20 years. Another violation carries a maximum prison term of 10 years since the length of the sentence depends on the amount of funds laundered through a business.
Keep in mind, rarely is a person charged with only a money laundering offense. They are often accused of other offenses, such as any of the crimes mentioned above.
Discuss Your Charges With Our Skilled Attorney – Contact Us Today
We can investigate the charges against you, gather and analyze evidence, and develop an effective and personalized defense strategy to help you obtain the best possible outcome in your case. Do not hesitate to let our legal team defend you inside and outside the courtroom. To get started, call our Dallas office at 214-526-0555 or send us an email. The firm serves clients throughout Texas.