Here is a quote from a Department of Justice press release from a past case (not involving e-gold):
"Conspiracy carries a penalty of not more than 5 years in federal prison and/or a $250,000 fine per count. Mail fraud and wire fraud carry penalties of up to a $1,000,000 fine and not more than 5 years in federal prison if committed prior to July 30, 2002, or up to 20 years in prison if committed after July 30, 2002, for each count. Securities fraud carries a penalty of not more than 5 years in prison and/or a fine of up to $10,000 per count. Money laundering is punishable by up to 20 years in federal prison and/or up to either a $250,000 fine or a $500,000 fine, or two times the value of the associated property per count."
Definitions from the web:
Money laundering
From Wikipedia, the free encyclopedia.
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Money laundering is the practice of engaging in financial transactions in order to conceal the identity, source and/or destination of money.
In the past, the term "money laundering" was applied only to financial transactions related to otherwise criminal activity. Today its definition is often expanded by government regulators (such as the United States Office of the Comptroller of the Currency), to encompass any financial transaction which generates an asset or a value as the result of an illegal act, which may involve actions such as tax evasion or false accounting. As a result, the illegal activity of money laundering is now recognized as potentially practiced by individuals, small and large business, corrupt officials, and members of organized crime (such as drug dealers or the Mafia).
The increasing complexity of financial crime, the increasing recognised value of so-called financial intelligence (FININT) in combating transnational crime and terrorism, and the speculated impact of capital extracted from the legitimate economy has led to an increased prominance of money laundering in political, economic and legal debate.
The international response has been co-ordinated by the Action Task Force on Money Laundering(FATF).
Several FATF-style regional bodies exist, such as the Asia/Pacific Group on Money Laundering.
In many jurisdictions, money laundering is seen as an "activity based" offense.
From Google:
To move illegally acquired cash through financial systems so that it appears to be legally acquired.
www.tgbr.com/tgbr/terms.html
Conduct or acts designed in whole or in part to conceal or disguise the nature, location, source, ownership or control of money (can be currency or equivalents, eg, checks, electronic transfers, etc.) to avoid a transaction reporting requirement under state or federal law or to disguise the fact that the money was acquired by illegal means.
www.nfa.futures.org/basicnet/glossary.aspx
Taking dirty money from crime and turning it into clean money by putting it through some process which disguises its origin. [RFP]
www.embassy.org.nz/encycl/m5encyc.htm
In the United Kingdom, financial institutions are required to be able to proof the identity of their clients and the source of the money used to pay for investments. This is to prevent organised criminals investing the proceeds of their illegal activities with legitimate companies and so obscuring the origin of the funds.
http://www.mlim.co.uk/uksite/individ...glossary3.html
the wilful concealment of the existence, illegal source, or illegal use of proceeds, and the disguise of them as legitimate.
www.gbc.t-online.hu/english/bszotare3.htm
This is the process by which "dirty money" generated by criminal activities is converted through legitimate businesses into assets that cannot be easily traced back to their illegal origins.
www.efgi.com/glossary/m.html
Generally speaking, 'money laundering' is the introduction of illegally gained assets into the legal financial system with the aim of covering up its true origin. ...
www.sigmacapitalgroup.com/scgstaff/gloss-m.htm
A process that makes money with an illegal origin appear legal so that it may be used.
www.white-collar-crimes.com/criminal_terms.shtml
concealing the source of illegally gotten money
wordnet.princeton.edu/perl/webwn
Money laundering is the practice of engaging in financial transactions in order to conceal the identity, source and destination of the money in question. In the past, the term "money laundering" was applied only to financial transactions related to otherwise criminal activity. Today its definition is often expanded by government regulators, such as the SEC, to encompass any financial transaction which is not transparent based on law. ...
en.wikipedia.org/wiki/Money_laundering
Definitions of wire fraud on the Web:
Wire fraud is a legal concept in the United States Code which provides for enhanced penalty of any criminal activity if it is determined that the occurrence of the crime involved electronic communications of any sort, at any phase of the event. Like mail fraud, this statute is often used as a basis for a separate federal prosecution of what would otherwise have been only a violation of a state law.
Definitions of securities fraud on the Web:
Also known as investment fraud; this is a practice where investors are deceived and manipulated, resulting in theft.
From Wikipedia:
United States
The U.S. criminal code makes aiding and abetting a crime:
(a) Whoever aids, abets, counsels, commands, induces or procures the commission of an offense, is punishable as a principal.
(b) Whoever willfully causes an act to be done which if directly performed by him or another would be an offense, is punishable as a principal.
A person may be convicted of aiding and abetting any act made criminal under the code. The elements of aiding and abetting are, generally:
(1) guilty knowledge on the part of the accused ( the mens rea);
(2) the commission of an offense by someone; and
(3) the defendant assisted or participated in the commission of the offense (the actus reus).
Conspiracy in the United States
Conspiracy has been defined in America as an agreement of two or more people to commit a crime, or to accomplish a legal end through illegal actions. For example, planning to rob a bank (an illegal act) in order to raise money for charity (a legal end) remains a criminal conspiracy because the parties agreed to use illegal means to accomplish the end goal. The commonly used phrase: "The ends don't justify the means" reflects the same legal reasoning. Society demands its members to accomplish honorable goals by honorable means.
A conspiracy does not need to have been planned in secret in order to meet the definition of the crime. Of course, there is a high premium on conspirators making their plans in secret, otherwise their illegal agreement could be prohibited by court injunction or the members of the conspiracy could be sued for damages suffered by those injured by their illegal agreement. Finally, if the planning for the illegal agreement is uncovered, the conspirators could be prosecuted.
One legal dictionary, law.Com, provides this useful example on the application of conspiracy law to an everyday sales transaction tainted by corruption. It shows how the law can handle both the criminal and the civil need for justice.
[A] scheme by a group of salesmen to sell used automobiles as new, could be prosecuted as a crime of fraud and conspiracy, and also allow a purchaser of an auto to sue for damages [in civil court] for the fraud and conspiracy.
Finally, and on a more technical legal matter, conspiracy law usually does not require proof of the specific intent by the defendants to injure any specic person in order to establish an illegal agreement. Instead, usually the law only requires the conspirators have the agreed to engage in a certain illegal act. This is sometimes described as a "general intent" to violate the law.
Please take action, support liberty, freedom and the right to conduct lawful business in the US. Call your congress and senator's offices about these issues.
Re: e-gold Also Raided ...
I am praying, it should be good news, b'coz , if something really happens to egold then many HYIPs and autosurfs will vanish, including members like me who have lots into egold.
Hybrid Mode
