High Court To Study Legal Threat To Money-Laundering Cases


The Supreme Court today agreed to review a lower court opinion that the Justice Department says could undercut the money laundering law used to prosecute thousands of defendants every year, reports the Associated Press. The U.S. Court of Appeals for the Seventh Circuit required prosecutors to demonstrate the profitability of illegal activity.

The government said it was difficult to find hard evidence of profits when “criminals rarely keep accounting records, much less accurate ones.” Two men successfully challenged their money laundering convictions in a gambling ring, arguing that money used to pay couriers in the gambling operation were gross proceeds rather than profits.

Link: http://www.washingtonpost.com/wp-dyn/content/article/2007/04/23/AR2007042300555.html

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