In its broadest sense, the State of New York has defined money laundering to be the deliberate use of deceit in order to conceal the source, ownership, or final destination of money or financial instruments when the origin or ultimate destination of an asset was in support of an ongoing criminal enterprise.
After September 2001, New York amended its existing money laundering laws to include a new crime now known as “Money Laundering in Support of Terrorism” and has made it even easier to charge an individual under these new laws than was the case under the original money laundering statutes. As an example, if an individual knowingly engages in money laundering without knowledge that the financial assets involved were to be used for carrying out an act of terrorism, that individual is considered to have taken part in the act of terrorism.
In order for you to be convicted on a charge of money laundering in support of terrorism in the first degree, the State Prosecutor must prove that:
If convicted on a charge of money laundering in support of terrorism in the first degree, you will face a potential prison sentence of up to 25 years, an additional 5 years of probation after sentence completion, and a fine of twice the value of the funds and/or property involved in the money laundering transaction.
In addition to prosecution in a New York State Court, you will probably also be indicted by a federal grand jury and thus be exposed to the risk of being tried in a federal court for essentially the same offense: money laundering and, most likely, a violation of the Racketeer Influenced and Corrupt Organizations (RICO) Act as well.
Due to the certainty of severe penalties if you are convicted on a charge of money laundering in support of terrorism, it cannot be stressed strongly enough that you must secure the best NYC criminal lawyer to advise and represent you in all aspects of your trial.
Todd is a miracle worker who will work tirelessly for you and your family. He is one of the few attorneys i've met - who I earnestly trust to protect me, and who I am happy to refer to our friends and fellow family members. The Spodek Law Group is someone you want on your side, because they will treat you just like family. Todd and his team are available 24/7, and they always answered our calls. Even when we were being irrational, and crazy - they were calm and super helpful. Just call Todd. He gives you a free consultation and is very understanding.- Donna & Robert
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