Leo V. Duval Attorney At Law
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Why am I being charged with money laundering?

When many people hear of a white collar crime, their minds automatically travel to Wall Street and plots of insider trading and embezzlement. But in truth, white collar crimes can be any number of crimes involving federal and state laws. Often the common denominator is a possibility of financial gain motivating someone to defraud or engage in some other illegal activity. Some charges that are brought against a person may be confusing and the person charged may believe they are guilty simply because they fail to understand what the charges against them mean as they struggle to decipher the precise legal terms.

Money laundering is a type of white-collar crime that involves fabricating the origin of money. And not in the sense of counterfeit money, rather the action of laundering money means a person actually took money that was previously obtained through illegal activity and choreographed a series of transactions so complex it makes determining the unlawful origin extremely difficult.

An example of a situation that could be considered money laundering is if a person takes a large amount of money earned in a way that is not completely legal then deposited it in a series of small checks within the bank in order to avoid raising red flags.

If you have been charged with a white collar crime, know that even though it is not a violent crime, it can still carry very serious and lasting consequences with the potential to negatively affect the rest of your life. You may want to reach out to a New York attorney who can use a working knowledge of the various complexities of white collar crimes to your advantage.

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Leo V. Duval Attorney At Law

885 Annadale Rd | Staten Island, NY 10312 | Phone: 347-690-1777 | Fax: 718-966-5352 | Staten Island Law Office Map