McKinney Money Laundering Attorneys

Money Laundering Defense Lawyer Challenging Charges in McKinney, TX

When people are charged with certain types of criminal offenses, they may also face accusations of money laundering. This white collar crime generally involves attempts to hide the source of money, making it look like money that was gained through criminal activity actually came from another source. Anyone who has allegedly been involved in money laundering could face criminal charges, even if they were not directly involved in other criminal activities.

Money laundering charges may involve allegations related to possessing, transferring, or investing money that came from illegal conduct. At Texas Defense Firm, our attorneys understand how issues related to money laundering are handled in criminal cases. We can help clients respond to allegations, show that money was earned through legitimate sources, and defend against the serious penalties that may apply in these cases.

Understanding Money Laundering Charges

Nearly any involvement in money that was obtained from illegal sources can lead to charges of money laundering. An offense may involve possessing, concealing, or transporting funds; engaging in transactions; making investments; or financing criminal activity. If a person allegedly knew that money had been obtained illegally, any involvement in transactions related to that money could lead to charges of money laundering.

How Money Laundering Relates to Other Offenses

When money has allegedly been earned through criminal activities, a person may be accused of taking actions meant to conceal the source of that money. For this reason, a person may face money laundering charges alongside other types of criminal charges, such as drug crimes involving the manufacturing, distribution, or trafficking of controlled substances. Prosecutors may claim that the proceeds from drug sales have been deposited into bank accounts, used to purchase property or vehicles, or funneled through a business to disguise their origin.

Money laundering may also be related to fraud or other white collar crimes. A person who has been accused of insurance fraud, mortgage fraud, or other schemes in which money was obtained through fraudulent methods may be accused of depositing, transferring, or spending funds in ways that are meant to hide criminal activities. A single course of conduct can support criminal charges related to a specific offense and separate money laundering charges related to how money was handled.

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Activities That May Be Considered Money Laundering

A person may be accused of depositing cash from an illegal source into a bank account and then transferring it to one or more other accounts in an attempt to hide the original source of the funds. Cash deposits may allegedly be structured in ways that avoid reporting thresholds so that transactions will be more difficult to detect by investigators.

Charges may involve using money to purchase real estate, vehicles, or other high-value assets. Items purchased may be sold or transferred to others as a way to transfer value while avoiding scrutiny. People may be accused of engaging in cryptocurrency transactions to transfer money, since these types of transactions can be harder to track.

In some cases, a business may allegedly be used to disguise the origin of criminal proceeds. Prosecutors may claim that a person was overpaid for products or services as a way to make it appear as if money was earned legitimately. A person who is involved in transactions involving money that they allegedly knew was obtained illegally could face criminal charges. Supervising transactions or administering a business that was allegedly involved in money laundering may also lead to criminal charges, even if a person did not directly handle money or engage in transactions.

Penalties for Money Laundering

The charges that may apply in money laundering cases will typically be based on the amount of money involved in a case. While amounts of a few thousand dollars may lead to low-level felony charges, cases that involve hundreds of thousands of dollars or more are likely to lead to more severe penalties. Money laundering charges involving at least $300,000 may be classified as first-degree felonies, and a conviction may result in a sentence lasting from five to 99 years in prison.

Money laundering charges will typically be based on the total amount of money a person processed during an entire course of conduct. Rather than looking at a single transaction, prosecutors may determine how much money was moved or transferred over several months or years. A large number of transactions involving relatively small amounts of money can add up to hundreds of thousands of dollars, leading to serious felony charges and harsh penalties for those who are convicted of these offenses.

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Contact Our McKinney, TX Money Laundering Lawyers

At Texas Defense Firm, we can work with clients who have been charged with money laundering to determine the best options for defense. We will review the evidence to determine whether a prosecutor can prove that our client knew or believed that the funds involved in a case were connected to criminal activity. We may look at how the amount of funds was calculated, and by highlighting errors in calculations, we may be able to have charges reduced.

With our experience defending against multiple types of criminal charges, we can assist with any charges that may be related to money laundering, such as drug crimes or fraud. We will build a comprehensive defense strategy to make sure our clients will be able to take steps to avoid criminal convictions whenever possible. To get more information about how we can help address white collar crimes and related charges, contact our McKinney money laundering defense attorneys at 972-369-0577 and set up a free consultation.