California Health and Safety Code Section 11370.9 HSC: Money Laundering In Connection With Drug Sales(0) Comment |
You may have heard of money laundering and thought about movie plots and big corporate schemes. You might have never thought that you would be charged with something like this, but now, you might have found yourself facing charges for money laundering in connection with drug sales. If this is the case, you might be frantic and wondering about what to do.
First of all, it is wise to learn a little more about this charge. Then, you should contact a professional attorney who has experience in defending California-based clients who have been charged with money laundering in connection with drug sales. Then, you can help ensure that court goes as well for you as possible.
What is the Difference Between Money Laundering and Money Laundering in Connection with Drug Sales?
First of all, you could be wondering what the difference is between money laundering and money laundering in connection with drug sales. Obviously, both involve laundering money, but there are a few specifics that relate to a money laundering in connection with drug sales case.
The specifics that are required in order for you to be convicted of this charge involve the fact that the money that is being laundered must be related to the sale of drugs. Additionally, you must launder more than $25,000 within a 30-day period to be found guilty of this crime.
Unlike with more traditional money laundering charges, however, the money does not actually ever have to pass through a bank or any other financial institution. Even if the drug money is never converted from cash, you can be charged and convicted of this crime.
Other Related Offenses
There are other charges that a person could face that are similar to these. For example, there are traditional money laundering charges, which a person can face for laundering money that isn’t necessarily related to the drug trade. Additionally, a person who is involved in laundering drug money might also be involved in selling drugs, so this individual could be charged with charges related to the possession or selling of illegal drugs of various types.
Examples of Money Laundering in Connection with Drug Sales
There are many ways that people launder money that they have made through drug-related means. For example, if someone who sells drugs chooses to open a restaurant or other business and then alter the “books” for the business to help hide money that was made from other means — in this situation, the selling of drugs — then this person could be charged and convicted of money laundering in connection with drug sales.
Possible Defenses for This Crime
There are various ways that an attorney could potentially defend you against this crime. For example, if the amount of money that was laundered was less than $25,000, you cannot be found guilty of this crime, even if you were actually laundering drug money. In addition, if you did not know the source of the money that was being used — for example, if you did not know that the money was coming from the selling of illegal substances — then you also cannot be found guilty.
Of course, your case is different from anyone else’s. Therefore, even though you can find information about potential defenses online, you shouldn’t face these charges without sitting down and talking to a lawyer who can talk to you about the specifics of your case in particular.
Possible Penalties You Could Be Facing
Money laundering in connection with drug sales is a serious crime, and it can come with serious penalties. If you are charged with this as a misdemeanor, you could face a year in jail. If you are charged with a felony, you could face three years in prison. In either scenario, you have to worry about your personal and business reputation being ruined, your ability to find landlords who will rent their homes or apartments to you difficult and the possibility of securing a job very hard in a tough job market.
What to Do if You are Facing These Charges
Naturally, any type of drug-related crime should be taken seriously because of the possible effects that it can have on your life. Money laundering in connection with drug sales is not something that you should ignore or take lightly. Defending yourself probably isn’t the best option, either. Instead, you need a strong legal defense team that you can count on to help you fight against these charges.
That’s what we are here for. If you contact us, we can schedule you a free consultation so that we can talk to you about your case. Then, you can ensure that you are being represented by a knowledgeable, experienced and passionate attorney who will do everything that he or she can to help you.