Money Laundering in Ventura County

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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 Wilfert Law, P.C., 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.

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When you choose Wilfert Law, P.C., 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.