Have You Charged with Money Laundering in Massachusetts?
Legal Representation in Boston, MA
Money laundering is an umbrella term that describes any scheme of financial transactions used to conceal the source of illicit money. For example, stolen funds could be “laundered” to hide their original source so the money can be spent without attracting the attention of law enforcement. Although money laundering is a complex white-collar crime, the United States Government reports that money laundering is very common.
If you were accused of laundering illegal funds, contact the white-collar defense lawyers from Keegan Law. We can help you fight these charges and avoid unnecessary criminal convictions.
Money Laundering Methods
- Shell Companies
The term “shell company” describes any fake business used to front financial transactions. This type of money laundering scheme disguises the funds by investing in a fake company and creating fraudulent invoices to make the money appear legitimate.
- Offshore Accounts
Moving money to an offshore account is a common form of tax fraud; it can also be used to disguise the origin of the money. Some countries have privacy laws that make it easier for individuals to launder money by concealing funds from the United States government.
- Structured Deposits
The United States Government monitors financial transactions that exceed $10,000. To avoid attracting attention from the federal government, individuals and businesses break large chunks of illegally obtained money into smaller pieces and deposit them individually.
Criminal Defense Law Firm in Boston, MA
Our highly skilled attorneys also represent clients accused of such offenses as:
- Identity theft
- Internet crimes
- Mail fraud
- Tax evasion
Our legal experience includes prosecution, and our lawyers are former U.S. Army soldiers and police officers. Using these unique vocational backgrounds, our team can create a personalized case strategy to help you.