Money Laundering: Know The Charges And Your Defense Options
When your financial transactions come under scrutiny, your future may be at risk. A money laundering conviction threatens your freedom and livelihood.
At Weisberg & Weisberg, P.L.L.C., we have been defending clients against complex financial crimes in Newport News and Virginia Beach for over 15 years. As former prosecutors, we offer knowledgeable insight into how the government builds and prosecutes money laundering cases. Call us to arrange a free case consultation.
Understanding Money Laundering Offenses
Money laundering involves disguising the origins of illegally obtained funds to make them appear legitimate.
A white collar crime, money laundering often intertwines with other criminal activities, such as drug trafficking, human trafficking or terrorist financing. The connection can lead to multiple charges and increased scrutiny from law enforcement.
Common Money Laundering Methods
People employ many techniques to launder money, including:
- Trade-based laundering: Using fake invoices or shipments to justify money transfers
- Cash-intensive businesses: Blending illegal profits with legitimate cash transactions
- Structuring: Breaking large sums into smaller deposits to avoid transaction reporting requirements
- Shell companies: Creating fake firms to move money internationally
- Cryptocurrency: Exploiting the anonymity of digital currencies
The complexity of these methods can lead to wrongful accusations against innocent individuals or businesses. That is why having a knowledgeable defense attorney represent you amid money laundering allegations is a wise decision.
Fighting Money Laundering Charges
Federal and state laws impose harsh penalties for money laundering convictions. Sentences can include:
- Up to 20 years in federal prison per count
- Fines up to $500,000 or twice the value of the laundered funds
- Asset forfeiture
- Restitution payments
To secure a conviction, prosecutors must prove beyond a reasonable doubt that:
- You conducted or attempted to conduct unlawful financial transactions
- The money involved came from specified illegal activities
- You knew the funds were the proceeds of illegal activity
- You intended to engage in illegal activity or evade transaction reporting requirements
With our extensive background defending Virginia residents in state and federal courts, we are prepared to defend you on both fronts if necessary.
Do Not Face The Charges Alone
Our attorneys are always on standby to help. Call us at 757-659-9611 to schedule a free consultation with an experienced criminal defense lawyer about your money laundering charges. Our offices in Newport News serve clients throughout Virginia Beach and the surrounding areas.
