Transaction Can Result in 99 Years in Prison, $50,000 Fine
According to Louisiana criminal law, money laundering involves any transaction knowingly involving proceeds from criminal activity. This covers a wide array of transactions, from those explicitly designed to “clean” the money to more innocent transactions simply involving the criminally-obtained funds. Additionally, you may be charged with money laundering if you have in any way aided or overseen the operation of a money laundering operation, even if you did not engage in any actual transactions.
Louisiana and Federal Money Laundering Penalties
You can be charged with money laundering as both a Louisiana state and a federal crime. In Louisiana, if the amount of funds for which you are being charged is less than three thousand dollars, you will be charged with misdemeanor money laundering and could be sentenced to up to six months in prison and.or fined up to one thousand dollars. But for sums greater than three thousand dollars, you will face a felony money laundering charge, with up to ninety-nine years in prison and up to fifty thousand dollars in fines.
As a federal crime, money laundering is punishable by up to twenty years in federal prison and a fine of five hundred thousand dollars or twice the sum of the funds in question, whichever is greater. And if your money laundering charge is prosecuted by both Louisiana and the federal government, you will be subject to the penalties for both charges, effectively doubling your sentence.
Money Laundering and Other Louisiana crimes
Money laundering frequently occurs in conjunction with fraud, drug, or other offenses, as simply one aspect of a larger investigation or set of charges. In these situations, a person charged with money laundering in conjunction with other crimes faces the prospect of being sentenced for multiple felony convictions, increasing the total prison sentence and monetary penalties. These are cases where a skilled and dedicated criminal defense attorney is needed to develop a comprehensive defense.
If you have been charged with money laundering in Louisiana or on the federal level, remember that as a person charged with a crime you have certain constitutionally guaranteed legal rights, including the right to a defense attorney. Ensure that your rights are fulfilled and retain an aggressive Louisiana money laundering defense attorney. Contact us at New Orleans’ Bloom Legal, and we will work with you from the moment you hire us through the resolution of your case.
A Good Defense is an Early Defense
With white collar and financial crimes like money laundering, investigators and prosecutors need to conduct lengthy, thorough investigations before they can charge you with a crime. The most effective defense begins early, while you’re still under investigation. By retaining Bloom Legal early, we can work to have the investigation ended and the charges dropped. If prosecutors refuse to end the investigation, the added time with Bloom Legal’s criminal defense representation will allow our team to conduct their own investigation to build the fullest, most comprehensive defense possible.
If you believe you may be under investigation for money laundering or another white collar crime, give yourself the best chance possible to keep your freedom and contact Bloom Legal today.
Based in the heart of the New Orleans Central Business District, Bloom Legal has the expertise and the resources to serve clients from across Southeast Louisiana. Our white collar crime defense practice will serve clients from across the New Orleans-Metairie-Kenner metropolitan area, including:
- New Orleans
- Metairie, Kenner, Gretna, and the rest of Jefferson Parish
- Chalmette, Arabi, and St. Bernard Parish
- Slidell, Mandeville, and the rest of St. Tammany Parish
- LaPlace and St. John the Baptist Parish
- Des Allemands, Hahnville, Destrehan, and the rest of St. Charles Parish
- Belle Chasse and Plaquemines Parish
Wherever you are in Southeast Louisiana or the New Orleans area, if you have been charged with money laundering as either a state or federal crime, or if you are under state or federal investigation for money laundering, you need a lawyer who will work with you to craft your best defense. Remember, your chances of having the charges reduced or dropped will be significantly improved if you retain a criminal defense attorney as early as possible. Call Bloom Legal today at 504.599.9997 to schedule a consultation with our money laundering and white collar crime defense attorney.
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I contacted Bloom Legal out of the blue with a strange question for a fiction series I’m writing that takes place in New Orleans. Being from Maryland I was in the dark and needed assistance and they jumped at the chance to help me (they were the only law firm that responded to my e-mail). His team worked quickly and carefully to find the information I needed. Because of the help they provided it changed a large aspect of my novel and for that I am very grateful.
Posted by: Sarah Perrie