Maryland Money Laundering Attorneys
Leave Your Case to Experienced Federal Crime Defense Lawyers
Money laundering allows for criminal and terrorist organizations to obtain illegally acquired money without raising suspicion. This is a very serious charge with significant penalties. If you or an organization you are involved with is being investigated for money laundering, contact our white collar crime lawyers in Baltimore as soon as possible. You need to be very careful about what you say to law enforcement in case you are arrested. Even well-intentioned comments can be made to sound incriminating.
Call the Law Offices of James E. Crawford, Jr. & Associates today at (443) 709-9999 for a free consultation with a member of our legal team.
Examples of Money Laundering
In a money laundering scheme, money that is obtained through illegal means is placed into a legitimate business so that it can be taxed. Ever since the government caught Al Capone on tax evasion, high-end criminals realized they needed to present their income as legitimate in order to avoid suspicion. As employees or owners of these legitimate businesses they pump their money through, they can claim their money and have an explanation for where it came from.
There are many different ways to launder money. Some examples include:
- Real estate laundering – LLCs are entities that can avoid tax obligations of big corporations, which makes them ideal for criminals making business deals. Through an LLC, a person can purchase property with illegally obtained cash and then resell the property, effectively separating their financial assets from criminal activity.
- Terrorist financing – Some money laundering schemes are created with the sole purpose of financing terrorist organizations. This occurs when money that seems clean on paper is actually being used to fund terrorist activities or groups.
- Online money laundering – Some money launderers will create or with fraudulent gambling, auction, or online gaming sites to funnel their money. Criminals have found many ways to trick the system by creating exchanges through virtual currency that can be converted into actual cash.
Hire an Attorney Who Will Protect Your Best Interests
Money laundering is a complex operation, and you need an attorney who understands the system. At the Law Offices of James E. Crawford, Jr. & Associates, our criminal defense attorneys regularly interact and negotiate with federal prosecutors. We work closely with clients to determine the best course of action for their situation and plan accordingly. Contact us today if you believe you are under investigation for money laundering.
Start discussing the details of your case by calling (443) 709-9999 and arranging a consultation.