Money Laundering Defense Attorney in New Jersey

Embezzlement and money laundering both involve making personal profit off of money or property that is not your own, but the levels of on-site involvement usually vary. Embezzlement often refers to an individual abusing privileged access to goods or money, while money laundering tends to involve a second-party group who transfers money or products for another party, charging a fee for their transfer services.

One of the most famous recent cases of embezzlement involved Bernie Madoff, who embezzled millions of dollars from his own investors. Laundering often involves drug trades and perpetrators tend to work in groups, avoiding solely individual participation, though this is not always the case.

Some of the penalties for a conviction of embezzlement or money laundering include:

• Probation
• Community service
• Large fines
• Jail time

In 1999, the state legislature of New Jersey passed legislation that allowed severe punishment for the crime of money laundering. Money laundering can generally be defined as using the profits generated by criminal activity and making them appear to have been gained through legitimate means.

Money laundering has often been tied to the activities of organized crime and New Jersey’s historic association with this is at least partly responsible for the harsh stance the state has taken.

What Are the Legal Consequences of Money Laundering Charges in New Jersey?

When facing charges of money laundering in Freehold or Neptune NJ, a defendant also faces the possible penalties of a conviction.

New Jersey statutes against money laundering are even harsher than those of the federal government, and some possible penalties for conviction include:

• Releasing laundered funds
• Substantial monetary fines
• The ability to sentence an individual to consecutive terms for each charge upon which he or she is convicted.

Depending on the amount of money that was laundered, these punishments vary, but the duration of incarceration may reach up to 20 years per offense.

Contact a New Jersey Money Laundering Defense Lawyer

If you or someone you know has been accused of laundering money in Monmouth County, contact the experienced New Jersey white collar crime attorneys at the Law Office of Jason A. Volet in Freehold or Neptune, at (732) 863-5050 to begin working to build a strong defense.

Visit Our New Jersey Money Laundering Defense Law Offices