Money Laundering

Texas Money Laundering Charges

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Money laundering is a white collar crime which is punishable under both state and federal law. Texas Statutes §34.02 defines "Money Laundering," as occurring under any one of several different circumstances. You can be charged with money laundering if you knowingly acquire, maintain an interest in, conceal, possess, transfer or transport the proceeds of a criminal activity. You can also be charged with this offense if you conduct, supervise or facilitate a transaction involving such proceeds.

Money in envelope

Money laundering also includes investing, expending or receiving the proceeds of a criminal activity - or offering to do so - as well as financing or investing funds which are intended to be used to further the commission of a criminal activity, or intending to do so.

Proving Money Laundering Accusations in Court

In order to prove that you are guilty of money laundering, the prosecutor must prove that you were aware of the criminal nature of the activity from which the proceeds were obtained, such as if you were informed of the fact by a law enforcement officer. In the event that you honestly had no knowledge of the fact that the money was coming from some type of illegal activity, you cannot be convicted. Another possible defense to a money laundering charge is to demonstrate that you were participating in the activity with the purpose of assisting law enforcement to seize the funds and to catch the criminals.

Penalties for Money Laundering in Texas

The penalties for a money laundering conviction are determined by the amount of funds that are involved in the alleged crime:

  • Laundering between $1,500 and $20,000 is a state jail felony with a possible sentence of $10,000 in fines and between 180 days and 2 years in jail
  • Laundering between $20,000 and $100,000 is a felony of the third degree with a $10,000 fine and between 2 and 10 years in prison
  • Laundering between $100,000 and $200,000 is a felony of the second degree with a fine of $10,000 and imprisonment lasting between 2 and 20 years
  • Laundering more than $100,000 is a felony of the first degree which is punishable by $10,000 and fines and between 5 and 99 years or life in prison

Choose an Experienced Criminal Defense Lawyer for Your Case

Money laundering charges are frequently filed in connection with drug crime charges such as drug trafficking or manufacturing, and they may additionally be filed along with charges of conspiracy or organized crime, given that the activity typically requires the involvement of several people. Whether you are being investigated by local, state or federal law enforcement, you should not delay in meeting with an Houston criminal defense attorney who can help you navigate this situation and help you avoid further incriminating yourself.

Contact Guerra & Farah, PLLC now or take a few minutes to fill out a free case evaluation form so that we can advise you of your rights and begin working on a strategy for defending you against the harsh consequences you face!

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