Experienced Defense Against Money Laundering In North Carolina
Last updated on September 12, 2024
Money laundering is a complex federal financial crime that involves concealing or disguising the origin of financial assets. It involves illegally obtained money that then requires laundering so that it appears to have come from a legitimate source. Those facing money laundering charges need to adopt a serious approach, especially since they could be facing other criminal charges regarding how the money was originally obtained.
Here at Frasier & Griffin, PLLC, our experience can be invaluable when facing money laundering charges. We are well-versed in the legal system in Wake County and across North Carolina and have decades of experience. We are devoted to every one of our clients and will always put your best interests first. Our attorneys believe in justice and are passionate about high-quality representation amid potentially severe criminal charges. Call us today for a consultation.
What Types Of Actions Constitute Money Laundering?
Although every case is unique, money laundering generally features several common denominators. For instance, creating a new business specifically to cleanse illegally obtained money, which is then blended with business funds, making it appear legitimate.
Other red flags investigators may look for include:
- Large financial transactions
- A company with no purpose
- Complex financial transactions
- High earnings with a small target audience
- Questionable tax returns
Of course, many of these red flags can have perfectly innocent explanations, but you may need a criminal defense attorney to help you prove your case.
What Are The Consequences Of A Money Laundering Conviction?
A money laundering conviction can have a substantial impact on your entire life. It can harm your reputation, your career and your social relationships. As per the United States Sentencing Commission, over 90% of those convicted on money laundering charges serve time in prison for an average sentence of 71 months.
The amount of money can make a difference. If it involves over $500,000, the maximum fine could surpass $200,000. In many cases, the court triples the value of the involved property to determine an appropriate fine. Perhaps worst of all, a conviction could lead to a potential prison term of between 10 and 20 years.
Contact Us Immediately
If you are facing serious money laundering charges in Raleigh or Durham, call an experienced lawyer at 919-263-5522 or use the contact form to schedule your initial consultation. Delaying a defense can put your future at stake.