5 ms·

So is this inaccurate?: With the help of at least one other person, the roommates re-sold these [stolen] high-end components to various telephony equipment sup

So is this inaccurate?: With the help of at least one other person, the roommates re-sold these [stolen] high-end components to various telephony equipment suppliers nationwide, washing the checks through a series of falsified bank accounts and voice-mail business fronts. - http://www.fineorsuperfine.com/newyorkpress31.html http://www.fineorsuperfine.com/newyorkpress31.html

clamprecht 13y ago
The sentence you quoted is mostly accurate. It says a "series of falsified bank accounts" - I'm not sure what they mean by a series. There were either 2 or 3 bank accounts under fake names. But this doesn't do anything to conceal the source of the funds, or make them appear legitimate. And I thought money laundering was all about making illegal money appear legal, by "washing" it. This is one of the problems with the money laundering law - it is pretty vague. The prosecutors in my case could have easily charged us with interstate transportation of stolen property, and then my sentence would have been half of what I actually received. If you do some more googling, you will find that the US Sentencing Commission investigated this sentencing disparity, including my own case. My prosecutor was pissed.