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Money Laundering

Third Circuit Issues Opinion Limiting Federal Money Laundering Prosecutions

In United States v. Fallon, a precedential opinion published on September 30, the Third Circuit reversed a defendant’s conviction for money laundering and, more importantly, issued a bright-line rule holding that financial transactions that take place before a defendant receives any proceeds from a fraudulent scheme cannot be considered “concealment” money laundering under 18 [...]

By |2022-10-03T23:15:09-04:00October 3rd, 2022|Money Laundering, White Collar Criminal Defense|Comments Off on Third Circuit Issues Opinion Limiting Federal Money Laundering Prosecutions

A Federal Restitution Order Leads to Garnishment of the Defendant’s Bank, Retirement and Stock Accounts

Courts uphold federal government’s ability to seize a convicted defendant’s 401(k) accounts to satisfy an Order of Restitution after a conviction at trial or a guilty plea.

What to Do When Federal Agents Come Knocking

It’s 6 a.m. or 8 p.m., your doorbell rings and two people are standing outside holding up their badges and credentials.  They say they are Special Agents with the FBI or IRS and would like to talk with you for just a few minutes about something important.  They ask if they could come in [...]

New Administration Leads to New DOJ Enforcement Priorities

Each new administration, through its Attorney General, set policy as to the Department of Justice’s enforcement priorities. As the Assistant Attorney General in charge of the Criminal Division, Kenneth Polite recently outlined those priorities. In general, those areas include foreign corruption, computer crimes and money laundering. Polite announced that his office will be unveiling a [...]

By |2021-12-15T12:52:12-04:00December 14th, 2021|Business Fraud, Criminal Charges, healthcare, Healthcare Fraud, Money Laundering|Comments Off on New Administration Leads to New DOJ Enforcement Priorities

Customs and Border Patrol is Seizing Travelers’ Cash

At airports throughout the United States, Customs and Border Patrol (CBP) officers are seizing travelers’ cash when coming into and leaving the country for failure to report the cash. Regular international travelers may be familiar with the Customs forms airlines hand out just prior to arrival in the United States. On the form you must declare goods purchased during your international travel, as well as any cash in excess of $10,000. Most people do not realize, however, that you must also declare any cash in excess of $10,000 before you leave the United States, as well.

By |2021-05-25T18:13:12-04:00July 8th, 2019|Money Laundering, Police|0 Comments

Government Prosecution of Bitcoin Purchases and Transfers

In their simplest form, Bitcoin and other virtual currencies are digital representations of value that can be traded through an exchange and stored in digital wallets secured by 26-35 character long case sensitive account numbers that require a private key, similar to a password or pin to access.  Virtual currency is not legal tender issued or guaranteed by any government. Rather, its value is determined by consensus within a community of users. Since these transactions are done on the internet and through exchanges using cash, wire transfers, or credit cards to a host of web-based businesses, the purchasers’ identities and source of funds are more difficult to uncover.

By |2022-06-08T21:17:44-04:00March 4th, 2019|Money Laundering|0 Comments

What is money laundering?

The term "money laundering" can invoke images of organized crime mobsters engaged in activities such as taking over businesses and using them to hide ill-gotten funds derived from other illegal activities. That may, indeed, be one example of money laundering in practice, but money laundering can include many different kinds of activities some of which may be less obvious than the previous example.

By |2021-05-25T18:15:33-04:00September 12th, 2016|Money Laundering|0 Comments

What is wire fraud?

The integration of digital communications into the daily lives of many Americans has arguably been one of the drivers behind the increases in worker productivity in this country. But the same technological advances that can boost the profitability of a business or make anything from shopping to banking more convenient can also create opportunities for less savory activities.

By |2021-05-25T18:16:51-04:00September 12th, 2016|Money Laundering|0 Comments

NJ Money Laundering Corruption Case

The spiritual leader of Syrian Jews in the United States, Brooklyn, New York was sentenced to two years' house arrest in June 2011. They were one of 46 defendants, including three rabbis, charged as a result of a federal sting in New Jersey's biggest corruption case. Originally charged with money laundering, the defendant pled guilty to a reduced charge of operating an unlicensed money transmitting business.

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