Title: The Consequences of Money Laundering | Terra Law Firm| Georgetown, TX
Headings: The Consequences of Money Laundering
The Consequences of Money Laundering
The Prosecutor Must Prove:
Defense Against Money Laundering Charges
Penalties of Money Laundering

Content: The person in question can also escape or be excused from conviction if they were part of the money laundering process to aid law enforcement in seizing the funds and catching the real criminals. Certain attorneys can escape conviction if the proceeds that they were given were legal fees and that they did not know that the money came from a source that was involved in money laundering. Penalties of Money Laundering
Potential jail time and fines are at risk with any form of money laundering at any amount of money being laundered. If found guilty of laundering money in a federal court, you can receive up to 20 years of jail time. However, the severity of the charges and how much money was laundered affect what charge is being given. An amount of $1,500.00 to below $20,000.00 is considered to be a felony under state law. An amount of $20,000.00 to below $100,000.00 is considered to be a third degree felony. An amount of $100,000.00 to below $200,000.00 is considered to be a second degree felony. An amount of $200,000.00 and higher is considered to be a first degree felony. A great example of how a money laundering scheme can end up is the story of Jordan Belfort.