Money Laundering Charges in Ohio
Get a Top Cleveland White Collar Crimes Lawyer
Money laundering is simply taking criminal proceeds and moving them in
an unlawful or prohibited manner. More specifically, a person or someone
acting on their behalf will generate proceeds in the form of money or
property as a result of committing a crime.
The individual will proceed to move that money, typically with the intent
to disguise the nature, location, source, ownership, or control of the
funds. This movement is called "concealment of money laundering."
Illegally moving money can be as simple as handing money from one person
If you are being accused of money laundering, you should engage Cleveland
Criminal Defense Attorney, Ian N. Friedman for your defense. Our team
has years of experience defending all types of
white collar crimes and has built a reputation of excellence and diligence as a result of
our repeated success over our years in practice.
Laundering of Monetary Instruments
Money laundering can be found under 18 U.S. code § 1956 – Laundering
of monetary instruments. Under this section, whoever, knowing that property
in a financial transaction represents proceeds from criminal activity
attempts to, or conducts a financial transaction involving proceeds from
criminal activity, shall be face the following penalties:
- A fine not to exceed $500,000 or twice the value of the property involved
in the transaction, whichever is greater, or
- Up to 20 years in prison, or both.
While money laundering is described above, other financial transactions
where criminals attempt to disguise the proceeds, sources or nature of
illicit activities are also categorized as money laundering and involve
Let Us Even the Playing Field in Your Federal Case
The United States Department of Treasury is dedicated to identifying and
attacking money laundering networks across the domestic and international
financial systems. If a government agency has zeroed in on you in a money
laundering investigation, you need a formidable defense attorney fighting
in your corner.
We are skilled
federal criminal defense lawyers who know how to combat money laundering charges,
and we have experts at our disposal that can help us investigate the facts
of your case. When you are up against the federal government, you cannot
afford to forgo a strong defense. We are on your side and we have the
resources you need to fight even the most dire white collar crime charges.
Some of the awards and
recognitions that set us apart from the competition include:
- Northeast Ohio's Leading Lawyers List
- AV Preeminent® Rated by Martindale-Hubbell®
Selection for inclusion in
The Best Lawyers in America
Selected for inclusion in
Ohio's Super Lawyers®
Why settle for second best?
Contact our office to schedule a
free case evaluation with one of Ohio's top-rated criminal defense firms!