Harder task to nail money launderers

[flashl]

Source: Yahoo

Washington - The Supreme Court has made it more difficult for the government to prove certain money-laundering crimes.

Ruling against federal prosecutors in two cases on Monday, the high court reversed the conviction of a man caught with cash hidden in his car in Texas near the Mexican border, and the court refused to reinstate a money-laundering conviction in a case involving an illegal gambling operation in Indiana.

...

Writing for the court, Justice Clarence Thomas said: "We agree with the petitioner that the government must demonstrate that the defendant did more than merely hide the money during its transport."

At issue in the illegal gambling case was whether Congress used the word "proceeds" in the money-laundering statute to refer to the total amount of money received in a criminal operation or whether lawmakers were referring only to the criminal operation's profits after expenses were paid.

Yahoo

Read more: http://news.yahoo.com/s/csm/20080603/ts_csm/alaunder

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So... Wachovia will not be charged? See: Banking On Drugs - Forbes.com

[mainegreen]

1. But all they have to do is say "We think it's for drugs" and they can take anything.

And never give it back.
Even if they never charge you.

[Javaman]

2. Of course they did, considering that Iraq is the largest money laundering scam in history. nt