Super Lawyers
Justia Lawyer Rating
Best Lawyers
The Best Lawyers in America
Avvo Clients' Choice
Avvo Rating 10.0
National College for DUI Defense
National Collage for DUI Defense
American Council Of Second Amendment Lawyers

Money Laundering

Money laundering is a crime that is punished harshly in Michigan since it is often associated with other serious crimes like drug trafficking, international terrorism, bribery, or fraud. Due to this treatment and the severity with which these crimes are prosecuted, it is important to seek the counsel of a Michigan money laundering lawyer to help build a defense. An experienced federal defense attorney can help you avoid severe penalties and ensure you navigate the complicated laws and procedures.

Money Laundering Defined

Illegally obtaining money and attempting to hide the source of that money is known as money laundering. The term "money laundering" comes from the fact that "dirty" money, which is obtained through an illegal activity like drug dealing, has to be "laundered" or "cleaned" to avoid suspicion and to cover up the moneymaking crime in financial records.

There are many different methods of money laundering, including:

  • Funneling illegal money through a legitimate business
  • Depositing small amounts of cash over a period of time into a bank account
  • Depositing cash into offshore banks
  • Claiming money as gambling winnings after using illegally obtained money to purchase and cash out casino chips
  • Purchasing a house with dirty money and selling the property to obtain clean money
  • Under- or over-valuing invoices to conceal the movement of money

Someone facing charges should speak with a Michigan money laundering lawyer to learn more about the laws surrounding their individual circumstances.

Potential Penalties

In Michigan, there are four "degrees" of money laundering that each carry their own penalties. The degree of the offense depends on the amount of money being covered up, if drugs are involved, and the unique circumstances of the case.

  • Fourth-degree money laundering is a high-court misdemeanor, punishable by up to two years in jail and a fine of either $10,000 or twice the amount of the illegal money involved in the crime, whichever is greater
  • Third-degree money laundering is considered a felony offense, which can lead to five years in prison or a fine of up to $50,000. The fine could increase depending on the amount of illegally obtained money involved in the laundering
  • Second-degree money laundering is also a felony, but comes with harsher penalties like 10 years imprisonment or a fine of $100,000 making it even more important that a Michigan money laundering lawyer is contacted.
  • First-degree money laundering is the most serious money laundering offense and is considered a felony crime, punishable by up to 20 years in prison, a $500,000 fine, or a fine that is twice the value of the illegal proceeds

Any assets, such as property, involved in the money laundering could also be seized and handed over to the government.

Contact a Michigan Money Laundering Attorney Today

Money laundering is a crime that is investigated seriously because it can unveil many other illegal activities. It is punished harshly for the same reason. If you are facing money laundering charges, it is important to seek immediate legal assistance from a knowledgeable money laundering attorney in Michigan.

Michigan money laundering lawyers can support you through the overwhelming and complex criminal justice system, fight tirelessly to protect your rights starting from day one, and aim to achieve the best possible outcome in your individual case.

Client Reviews
★★★★★
Patrick Barone is the ONLY choice for DUI defense. He was realistic from the start and made it a point to look at my case before taking my money. As a business owner, when I think of attorneys, I think of the "shark infested waters. Patrick is a shark alright, but his prey is not the client; it's justice for his client. Ten stars Patrick!! Chris F.
★★★★★
Attorney Patrick Barone was very helpful and helped me understand the charge and sentence absolutely clearly. He also guided me through step by step helping me form a statement. His instructions were clear and detailed. It was obvious he cared about me understanding every important detail within my case. I would absolutely recommend this defense firm to anyone in need. Aaron B.
★★★★★
The Barone Defense Firm is the firm I recommend. They are truly concerned about the person, not just the legal issue, but the person as well. They are the most knowledgeable defense firm that I am aware of, having actually written the book on DWI Defense. If you are faced with a DWI you will not find a more professional and skilled law firm. But, most importantly, they care about how the accused individual recovers his or her life when the case is complete. Very remarkable group of lawyers. William H.