Money Laundering in Ventura County
Get Knowledgeable Legal Counsel from Our Experienced Legal Team
Money laundering is the process of making “dirty” money clean,
which is done by taking money obtained through criminal or illegal activity
and then transferring it to financial institutions or other legitimate
uses to avoid making the source traceable. Not only do suspect face the
possibility of charges from the state of California, but also federal
charges as well.
If you have been accused of money laundering, it is imperative to retain
experienced legal representation from a reputable attorney. At the
Law Offices of Jarrod M. Wilfert, we can investigate your arrest, evaluate all of the available evidence,
cross-examine witnesses, and build an effective defense strategy to get
the best results possible.
California & Federal Money Laundering Laws & Penalties
There are two types of money laundering laws in California: general money
laundering and money laundering in connection with drug crimes. Both forms
of money laundering are considered “wobblers,” meaning that
prosecutors may choose to charge either form of the
white collar crime as either a misdemeanor or a felony based on the defendant’s criminal
history and the facts of the case.
A misdemeanor conviction for general money laundering results in a maximum
jail sentence of one year and a fine of up to $1,000. A felony conviction
for general money laundering is punishable by a maximum jail sentence
of three years and a fine of up to $250,000. Money laundering involving
drug crimes is considered a felony, punishable by a maximum prison sentence
of four years and a fine of up to $250,000.
Furthermore, money laundering is a federal crime as well. Federal law makes
it a crime to knowingly conduct a financial transaction with the proceeds
of illegal activity, with the intent either to promote illegal activity
or to conceal the illegal source of money. Federal money laundering is
punishable by a maximum prison sentence of 20 years and a fine of up to $500,000.
Call (805) 994-0560 to Speak with Our Ventura Criminal Defense Attorney Today
When you choose the Law Offices of Jarod M. Wilfert, you can rest assured
that your case is in great hands. We possess the in-depth knowledge of
federal and state law to guide you through the complexities of the criminal
justice system and protect your rights, reputation, and future.
Contact us and request a
free consultation today.