Money laundering is a serious criminal charge that can also lead to asset Attorney Gerard M. Karam told Eyewitness News Sweets traded $200,000 in I can help you build a strong defense against these very serious charges. Home White Collar Crime Money Laundering. Rolando Cantu is the founding attorney of the Law Office of Rolando D. Cantu. In addition, Simpson is charged with obstruction of justice based on multiple lies he allegedlytold federal law enforcement officers during a voluntary interview. "@type": "Answer", and allow me to begin working on your case. DEFINITIONS. ", He is committed to providing aggressive and high level legal representationsuccessfully defending clients charged with state and federal criminal offenses. attorney, as the statements you make to investigators may be used as evidence Penal Code, the penalties for money laundering depend on the amount of money involved. Money Laundering Defenses "acceptedAnswer": { criminal defense representation in a wide variety of cases. and obtain a complimentary consultation. What are Some Possible Outcomes in a Money Laundering Case? Those penalties include the following: While these penalties are severe, it is important to remember that there is no guarantee a jury will convict you. Dont wait to get the protection you deserve. When someone has committed money laundering, they usually have some defenses available to them. Facing charges can be stressful and that is why its important to seek legal representation. PITTSBURGH, PA - Three residents of Texas have been indicted by a federal grand jury in Pittsburgh on charges of mail and wire fraud conspiracy, money laundering conspiracy, and obstruction of justice, Acting United States Attorney Stephen R. Kaufman announced today. The website cannot function properly without these cookies. They have a huge group and support their clients well! According to kxan.com, he testified that the bars were used to launder thousands of dollars in drug money. Your News Now Austin reports that evidence also included a recording of one of the brothers arranging to launder up to $1 million. An IRS special agent with expertise in bank records testified about the elaborate network of financial transactions. Dog Bites Lawsuit and Statute Of Limitations, Wrongful Death Lawsuit and Statute of Limitations, Union Pacific Railroad Fifth Ward Cancer Cases, Federal Charges and Money Laundering Lawyers in Houston, Tx. According to prosecutors, someone often posing as a general stationed overseas befriended women online, then gradually gained their trust by feigning romantic or personal interest. Law Office of John L. Venza Jr., I provide clients with aggressive 2023 FOX News Network, LLC. The convicted brothers, Mike and Hadi, should be sentenced within 60 days of the conviction, according to news reports. Many Texas attorneys offer free consultations. The women, often in their 70s and 80s and widowed or divorced, were persuaded to send cash or checks to addresses and companies controlled by Alabi, who lived in Richmond, Texas, near Houston. Your livelihood can be jeopardized without notice if you are found guilty. facing up to 20 years in prison. We offer a wide range of corporate gifts, clothing, novelty items and high-end brands such as Polo & Cellini luggage, Carrol Boyes, Thandana Bags, Montblanc and Waterman Pens, Le Creuset, Nike, Cutter & Buck to name a few. A Rhode Island woman sent a check for $60,000 and was going to send an additional $240,000, but her bank determined that she might be a victim of fraud, put a hold on her account and contacted local police, authorities said. The most serious money laundering offense in Texas is laundering more than $20,000. "acceptedAnswer": { However, there are defenses that can be raised in response to these charges. What Are the Penalties for Money Laundering? If you have been charged with money laundering in Mcallen TX, it is important to understand the charges against you and what defenses may be available. If a person knowingly concealed, invested, or spent money that was gathered in an illegal way, they committed money laundering. At the All rights reserved. Check out what's clicking on Foxnews.com. DOJ arrests and charges cryptocurrency exchange founder with money What Happens if Youre charged with Marijuana possession in Texas? lawyer for your theft charge in Fort Bend County, Texas who is well-versed Powered and implemented by FactSet Digital Solutions. Contact me now for a confidential consultation to review your legal options But What Happens if Youre Charged with Marijuana Possession in Texas? Driving over the speed limit is a common offense for many motorists, but what are the consequences if you are caught speeding in Texas? That is why attorney Benken will exhaust every possible legal route to build the best possible defense for your case. Federal money laundering charges can be extremely serious, with the possibility of long prison sentences. Lets take a look at why texting and driving is so dangerous. An Arizona woman lost $334,000, according to an affidavit filed in the case. Just knowing that the proceeds themselves have come from some type of criminal activity is enough. Under both federal law and Texas law, the statute of limitations, or timeframe in which an individual is able to be prosecuted for a crime, for money laundering is five years. When money is illegally obtained, individuals must go through great lengths to conceal its unlawful gain by redistributing it back into the financial system or marketplace where it can be used to purchase items like homes, cars, and other high-ticket items without arousing suspicion. The defendant acted with the intention to facilitate the lawful seizure of the funds. how scammers used Zelle to clean out one man's bank account, College scam mastermind Rick Singer gets 3.5 years in prison, Fake Romeo charmed more than 100 women with promises of romance, then scammed them, Reality TV star, entrepreneur Bethenny Frankel sues TikTok over scam ads using her videos, Mom falls victim to phone kidnapping scam after caller falsely claims to have abducted son, Facebook passwords compromised: Meta warns 1M users may have login information stolen. The defendants allegedly caused HOIN (a/k/a Helping Others In Need) to enroll as a sponsor in two programs funded by the United States Department of Agriculture (USDA) for the purpose of providing meals to underprivileged youththe Child and Adult Care Feeding Program (CACFP) and the Summer Food Service Program (SFSP) (collectively, the feeding programs). The most common types of illegally obtained money that must be redistributed for laundering so it can be used as clean money often originate from other crimes including, but not limited to: Our United States Congress requires all banks to report financial transactions of $10,000 or more to the Financial Crimes Enforcement Network. Acquires or maintains an interest in, conceals, possesses, transfers, or transports the proceeds of criminal activity; Conducts, supervises, or facilitates a transaction involving the proceeds of criminal activity; (invests, expends, or receives, or offers to invest, expend, or receive, the proceeds of Criminal activity or funds that the person believes are the proceeds of criminal activity; or. Contact us today to schedule a free consultation. The maximum sentence for money laundering is 20 years in prison, although the actual sentence will depend on a number of factors, such as the amount of money involved and whether the defendant has any prior criminal convictions. What Are the Penalties for Money Laundering in Texas? I am committed to my clients, providing a comprehensive and aggressive defense. They are very professional and courteous and caring firm. FBI Visit the official Federal Bureau of Investigation (FBI) page to learn more about white collar crimes. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers. According to prosecutors, someone often posing as a general stationed overseas befriended women online, then gradually gained their trust by feigning romantic or personal interest. Brad Kutner. The offense of money laundering carries the following charges for the following amounts of money: State jail felony: the value of the funds is $1,500 or more but less than $20,000; Third degree felony: the value of the funds is $20,000 or more but less than My attorney Mark Lenin was so helpful and caring. In other cases, the defendant may be found guilty and sentenced to prison. Charles Simpson and Paige Jackson were arrested yesterday in the Dallas area and will have their initial appearances today in the Northern District of Texas. All rights reserved. In a Texas state court, a person convicted of money laundering faces punishment that It often can't be spent because doing so would raise questions about how the money was earned. who can help you understand your rights and options under the law. Legal Statement. Federal agents who searched Alabi's cellphone found photographs and videos of packages containing cash and checks he had received from some victims, prosecutors said. designer491. Money laundering charges in Texas are based on the value of the funds involved. Nothing on this site should be taken as legal advice for any individual An A Texas military contractor pleaded guilty on Jan. 12 to rigging bids on public military contracts in the state of Texas. He received a sentence of one year plus one day in prison, after which he will be deported to Ivory Coast where he has citizenship. If youre convicted of laundering less than $300, you could be facing a Class C misdemeanor, which is punishable by a fine of up to $500. Depending on the severity, sex crimes can be charged differently. Developing the right strategy and using my connections in the legal community, I will do my best to get your case dismissed so you can move on with your life. Under the Federal Sentencing Guidelines, the actual sentenceimposed would be based upon the seriousness of the offenses and the prior criminal history, if any,of the defendants. Specifically, Simpson andTanisha Jackson allegedly spent hundreds of thousands of dollars in HOIN reimbursements onshopping sprees at high-end apparel stores, personal air travel and lodging, and the acquisition of atleast nine luxury vehicles, including a Bentley, two Land Rovers, two Maseratis, two Mercedes, aHummer, and a Porsche. The term money laundering is best described as the illegal process of making large amounts of money generated by a criminal activity. Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies. What should you do after a car accident FAQ, experienced federal criminal defense attorney, Contact us today to schedule a free consultation, The Difference Between Voluntary vs Involuntary Manslaughter. Market data provided by Factset. If you need help with the Public File, call (954) 364-2526. Do not take your chances with the prosecutors office or speak to anyone about your charges before talking to your Houston money laundering defense attorney first. Ourjoint investigation with the Internal Revenue Service, Criminal Investigation and Federal Bureau ofInvestigation identified those who sought to profit from the CACFP through illegal schemes. In Pennsylvania, the Pennsylvania Department of Education (PADOE) administered the USDA-funded feeding programs. We are a one stop shop for below the line marketing campaigns with a distribution offering to all regions in South Africa and neighboring countries. Quotes displayed in real-time or delayed by at least 15 minutes. "@type": "Question", I consent to the use of following cookies: Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. ", A Texas man has pleaded guilty to his role in an online romance scam that elicited $1.6 million from various women. The penalties for a federal money laundering conviction include the following: Jail time: A maximum sentence of 20 years in a federal prison. Fine: $500,000 or twice the amount of money that was laundered. Again, the courts take the larger of the two amounts when deciding this fine. Combination: Jail time and a fine. As alleged, the defendants, each of whom was previously excluded from participating in the feeding programs in other states, caused the submission of false enrollment documentation to PADOE on behalf of HOIN in connection with its participation in CACFP and SFSP between 2015 and 2019. 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