Title: Money Laundering: Penalties & Prison Time
Headings: Money Laundering Prison Time (Updated for 2019)
Money Laundering Prison Time (Updated for 2019)
Money Laundering Overview
First-Degree Money Laundering
Second-Degree Money Laundering
Third-Degree Money Laundering

Content: Money Laundering: Penalties & Prison Time
Money Laundering Prison Time (Updated for 2019)
10 Nov, 2019
Uncategorized
Money Laundering Overview
The concern about possible penalties for money laundering has recently increased. Money Laundering is broken down into three degrees which yield different class felonies. First-Degree Money Laundering
First-degree money laundering is a class two (2) felony . This means that for a first offense, punishment can be probation with zero (0) days in jail up to one (1) year in jail, or prison of three (3) years to twelve and one half (12.5) years of incarceration. Now, if the person has a prior felony conviction, then the sentences increase drastically. For example, one (1) prior conviction puts you in to “prison only” range which is four and a half (4.5) years to twenty-three and one quarter (23.25) years in prison. If the person has two (2) prior convictions then it increases to “prison only” with ten and one half (10.5) years to thirty-five (35) years of incarceration. Second-Degree Money Laundering
Second-degree money laundering is a class three (3) felony. First offense: