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Money Laundering Archives

What constitutes money laundering?

In Florida, people accused of money laundering may face felony charges and receive severe consequences if convicted. That is because money laundering is a serious criminal offense. According to state law, it is the deliberate act of using financial transactions to conceal the money generated by some form of unlawful activity.

Learning about money laundering and its defenses

Money laundering is a serious crime that comes with serious consequences if convicted. However, before a prosecutor can convict a defendant, he or she must show beyond a reasonable doubt that the defendant's actions fulfilled the legal elements of the crime.

Financial crime in Florida

Business professionals in Florida may benefit from reviewing the state's 2014 statutes concerning offenses related to financial transactions. Chapter 896 of the 2014 Florida Statutes defines the Florida Money Laundering Act and describes laws pertaining to other transactions that are prohibited. The Florida Money Laundering Act focuses on people who knowingly conduct a financial transaction with property related to proceeds from unlawful activity that constitutes a felony under federal or state law.

Man charged for taking part in health care fraud scheme

On Sept. 26, a 61-year-old Miami man was taken into police custody for connections to an alleged heath care fraud scheme. In addition to the man's 10 counts for money laundering was an indictment from the U.S. District Court for the Southern District of Florida grand jury for conspiracy to commit health care fraud and conspiracy to commit money laundering of health care fraud proceeds.

Reduced bond for Florida business owners

A couple who is facing multiple charges for their alleged involvement in an organized theft ring received a reduction of $20,000 on their bond after their defense attorneys challenged the amount of money they reportedly earned from selling stolen merchandise online. The pair was taken into custody on Aug. 21 on charges of dealing in stolen property, money laundering and racketeering.

Money laundering leads to felony charges

According to the state of Florida, money laundering occurs when criminal activity generates proceeds which a person or group then attempts to conceal or process through one or more financial transactions. Money laundering activities are usually thought to be done concurrently with organized crime or racketeering, and they can lead to charges that range in severity from third-degree felonies to first-degree felonies.

Sentence handed down in $9 million fraud case

In a case that some Florida taxpayers may find interesting, a military officer received a sentence of 42 months in federal prison for allegedly scamming $9 million in supposed training funds. He entered a guilty plea in December 2013 to money laundering and disclosing confidential information to a company seeking a government contract. The U.S. District Court in Salt Lake City also determined he would need to follow his sentence with three years of community supervision, which was delayed until August 4. The Internal Revenue was one of the agencies that investigated the case.

Alleged drug lord in Florida money laundering trial

An alleged Spanish drug lord is on trial in federal court in Miami, where he faces charges of conspiracy and money laundering. U.S. attorneys have accused the man of attempting to "clean" over $20 million acquired in the drug trade by paying cash for real estate, cars and other luxury goods in Miami under the name of a shell company or straw buyer.

South Florida firm accused of money laundering and other crimes

Authorities in the U.S. have reported that they have identified a man they believe is connected to an elaborate money laundering operation that used an extensive financial network, spanning the Caribbean to Canada, in an effort to launder the profits of an equally extensive Medicare fraud scheme. The case highlights the degree to which law enforcement officials may go in cases of alleged money laundering and other white collar crimes.

Money laundering leads to prison term for Florida doctor

A Florida doctor was recently sentenced to 70 months in Miami federal court after pleading guilty to money laundering, tax evasion and conspiracy to distribute pain medication, in significant amounts, without a legitimate medical purpose. According to authorities, the doctor was in charge of a pill mill which wrote more than 12,000 prescriptions for oxycodone in 10 months.

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