Title: Money Laundering Charges I Phoenix Fraud Lawyer
Headings: Money Laundering (Penalties & Punishments)
Money Laundering (Penalties & Punishments)
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Money Laundering – Second Degree
Money Laundering – First Degree
Money Laundering – Third Degree
Possible Penalties for Money Laundering
Possible Defenses for Money Laundering
How can a Defense Attorney Help

Content: “Second Degree” is a class three (3) felony. For a first offense, punishment can be probation with zero (0) days in jail up to one (1) year in jail, or prison range of two (2) years to eight and three quarters (8.75) years in prison. If the person has one (1) allegeable historical prior conviction then the “prison only” range is three and one half (3.5) years to sixteen and one quarter (16.25) years of incarceration. If the person has two (2) allegeable historical prior convictions, then the “prison only” range is seven and one half (7.5) years to twenty-five (25) years of incarceration. “Third Degree” is a class six (6) felony. A first offense can entail probation with zero (0) days in jail up to one (1) year in jail, or prison of four (4) months to two (2) years of incarceration. If the person has one (1) allegeable historical prior conviction, then the “prison only” range is nine (9) months to two and three quarters (2.75) years in prison. If the person has two (2) allegeable historical prior convictions, then the “prison only” range is two and one quarter (2.25) to five and three quarters (5.75) years of incarceration. In addition to all other penalties, if a person commits First-Degree or Second-Degree Money Laundering and the violations involve a total of $100,000.00 or more in any twelve (12) month period, the person is subject to forfeiture of substitute assets in an amount that is three (3) times the amount involved in the pattern of conduct, including conduct that occurred before and after the twelve (12) month period. Possible Defenses for Money Laundering
The main defense to Money Laundering is the defendant’s lack of knowledge that the funds were racketeering proceeds or were going to be used to fund racketeering activities, and lack of intent to conceal or disguise the nature of certain funds or influence any financial documents.