Columbus Money Laundering Attorney
White Collar Crime Information: Money Laundering
By definition, a white collar crime is an illegal practice committed by a person in a position of trust. This is usually within a business environment with employers or employees who have abused their access to money or information. When a person has come upon a large sum of money through committing a white collar crime or another criminal offense, it can prove to be difficult to use the money they gained. Simply depositing it into a bank will cause the authorities to be suspicious and so the true source of the money must be hidden.
How Money Laundering Works
Whether money was gained by drug trafficking, prostitution, embezzlement, or fraud, the crime of money laundering may be added in order to use the money that was acquired. Rather than having millions of dollars waiting around to for the authorities to find, money laundering can turn dirty money into clean money. There are three main phases of a money laundering operation: placement, layering, and integration. Placement is by far the most risky step because the first thing that has to happen is depositing the money into a legitimate financial institution. Banks are required to report large transactions and it is possible that it could raise suspicions.
The second stage of the task is layering. By moving the money around, the true source of the dirty money can be confused and hidden. Depositing it into different bank accounts, investing it into different businesses, or making property investments can make the money extremely hard to trace over time. Finally is the last stage, integration. This is the last stage of the money layering where they make a deposit into a bank. Even if the money is traced, it will appear to have come from a legitimate bank investment or some other honest source.
Contact The Meranda Law Firm LTD for a Free Review
The government takes crimes of money laundering very seriously as it is crucial in keeping organized crime and terrorist activities alive. By cutting off the source of their funding, they are essentially cutting off their entire operation. If you were accused of this offense, the penalties you could be facing are extremely harsh. In order to avoid having your reputation ruined and your freedom taken away, you need a skilled criminal lawyer on your side throughout the entire situation. We have years of experience in this area of law and will do everything in our power to protect your best interests. We also offer a free initial consultation so that you can learn exactly how we could handle your case.
To learn more, contact a Columbus, OH criminal defense attorney on our team at The Meranda Law Firm LTD.
Hear From Our Happy Clients
Reviews & Testimonials
At The Meranda Law Firm LTD, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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I am very happy with The Meranda Law Firm. I hired Mr. Meranda to help me with a case and i am very pleased with the outcome. I would recommend him to everybody he's a very good lawyer.- Kristina Poulton
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I couldn't have asked for a better attorney. I've had other attorneys and Zach is the only one that actually knew my case and put a lot of time and effort into making sure the outcome was good, which it definitely was. I really think he is one of the best attorneys & I highly recommend him to anyone that needs legal help.- Payton R
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I have nothing but good things to say about Meranda Law Firm, more so Zack. He was a very professional attorney. Made sure that I knew what was going on and that I understood everything. He seemed to be very involved in the case doing what he could to get the best results. Most importantly Zach always made me feel comfortable and was very good about communicating with me. I would recommend The Meranda Law Firm to anyone needing legal advice or any legal help.- Alexandria Trejo
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A criminal case can be very stressful. The Meranda Law Firm can help you with this process. Zack is there to make sure that you get the best personal one on one help you can get. So you don't get pushed around in the system. Takes all the worry out of your case. Very down to earth guy. Easy to talk too. Without Zack I don't know where I would be right now. Thanks Zack; can't tell you how much I appreciate the help you gave me. If you are looking for a lawyer that can take the stress out of your case Zack is your guy- Jeff w
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I would give The Meranda Law Firm a 10 out of 10 for the pre-case advice, the genuine concern about his client, and the time and effort that was put into the case from beginning to the end. If there is anytime in the future I would need an attorney Zach has earned my business. Thank you Mr. Meranda for all that you covered and all that you helped me with.- Andrew
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Zach did a great job representing me. He worked hard to take care of me in my case. If I ever need a lawyer again, I'll definitely give him a call first.- Rod
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I hired Mr. Meranda to represent me in a case and he did an excellent job. I am very pleased with the results of the case. Mr. Meranda was very professional and honest. He's is definitely a straight shooter. Thank you Mr. Meranda.- Aaron Jacks
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We are very appreciative of the efforts put forth by Zach Meranda. The outcome was positive and he made us feel secure in an out of control situation. Felt glad to have him defending us and having his common sense approach to our case. We would recommend his services to anyone in need.- Anonymous
Have Questions?
We Have Answers!
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Should I be worried if I am innocent?The short answer to this question is yes. Our legal system, though endowed with powerful rights and time-tested procedures, is far from perfect. Proclaiming yourself innocent is far from a legal defense, and you will need the assistance of an experienced attorney to gather information and refute evidence. It is a sad fact that innocent people are sometimes convicted of crimes they did not commit. If you have been arrested, a team member from The Meranda Law Firm LTD, serving both Columbus and Newark, can go to immediate work on constructing a strong defense and on seeking to have unfounded charges dropped.
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What important legal rights am I entitled to?If you find yourself crossways with the law, you have important rights that must be protected. First, you have the right to be informed of your rights by police should you be arrested. You have the right to remain silent, which can help you avoid self-incrimination. You also have the right to avoid subjection to an unreasonable search and seizure. Perhaps most importantly is your right to an attorney, and should you face criminal investigation or arrest, you should be in immediate contact with a Columbus criminal defense attorney for knowledgeable and skilled legal counsel.
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Why should I hire a criminal defense attorney?When you are facing a criminal charge, whether a misdemeanor or a felony, your future stands at serious risk. Not only do you face the prospect of jail time, fines, and probation, but if you are convicted you will also carry with you a permanent criminal record that can make such things as obtaining employment, educational opportunities and housing problematic. A lawyer can make sure that your legal rights are well-protected and that a strong defense is mounted on your behalf. Going it alone in the criminal justice system can put you in peril of many unwanted consequences.
