Articles Tagged with money laundering

Published on:

If you or a loved one have been charged with a federal crime in Connecticut, you need an experienced and aggressive criminal defense attorney to assist you as soon as possible. Matthew Galluzzo, a former Manhattan prosecutor with over twenty years of experience, has lived in Connecticut for a decade. He specializes primarily in defending against federal criminal charges, and has successfully represented numerous clients charged in federal court with crimes relating to:

Narcotics (21 U.S.C. 846 and 21 U.S.C. 841)

Wire fraud (18 U.S.C. 1343)

Published on:

The criminal defense attorneys at the Law Office of Matthew Galluzzo have successfully represented many people charged with money laundering in federal court. This serious accusation can result in very significant penalties, including huge fines and lengthy prison sentences. However, these charges are also frequently quite defensible, too. As such, if you or a loved one have been accused by federal prosecutors of money laundering, you should strongly consider contacting The Law Office of Matthew Galluzzo’s team of former prosecutors.

Money laundering charges typically go hand-in-hand with other related criminal charges brought by law enforcement. Individuals involved in narcotics trafficking, loansharking, racketeering, or Medicare fraud, for example, usually conduct their business in cash for understandable reasons. The problem that these people oftentimes face, however, is that they cannot use their criminal proceeds to purchase things that they want to buy, like real estate for example. This is when money laundering becomes relevant.

Typically, money laundering charges arise when a person with a quantity of illegally-derived cash wants to put the money into a bank account or buy assets with it. A criminal might seek to launder his or her own illegal money by depositing it into a bank account or wiring it to another account. He or she might also enlist the assistance of a professional launderer who takes a percentage of the laundered funds in exchange for depositing them into an account or investing them in some business or asset. The criminal with cash may also manipulate an unwitting novice into laundering it for them, so as to escape responsibility in the event the laundering is discovered.

Contact Information