NODE 10676e74WSJ on Money Laundering
Alan <alano@teleport.com>Tue, 10 Jun 1997 04:49:53 +0800
Check out the latest (June 9th, 1997) Wall Street Journal. On page B1
there is an article on the wave of money laundering convictions for
non-drug related crimes. In fact, the article points out that just about
any monetary transaction can be declared money laundering. (And get
upheld in court!)
And the reasons behind this? Long terms and lots of ready cash for the
feds.
"Property Seizure: It's not just for drug crimes anymore!"
alano@teleport.com | "Those who are without history are doomed to retype it."
NODE fc07ee4fRe: WSJ on Money Laundering
"William H. Geiger III" <whgiii@amaranth.com>Tue, 10 Jun 1997 09:34:19 +0800
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In <Pine.GSO.3.96.970609133806.19311E-100000@linda.teleport.com>, on
06/09/97
at 01:42 PM, Alan <alano@teleport.com> said:
>Check out the latest (June 9th, 1997) Wall Street Journal. On page B1
>there is an article on the wave of money laundering convictions for
>non-drug related crimes. In fact, the article points out that just about
>any monetary transaction can be declared money laundering. (And get
>upheld in court!)
>And the reasons behind this? Long terms and lots of ready cash for the
>feds.
>"Property Seizure: It's not just for drug crimes anymore!"
This has been going on since the seizure laws were passed. The acusation
of any feloney gives the Gestapo (Federal, State, & Local) the power of
confescation (conviction is optional).
Not much different than the RICO laws. I would be suprised if 1 out of 10
RICO cases were actually against "orginized crime".
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NODE 6e655e57Re: WSJ on Money Laundering
Robert Hettinga <rah@shipwright.com>Tue, 10 Jun 1997 11:32:30 +0800
At 4:42 pm -0400 on 6/9/97, Alan wrote:
> In fact, the article points out that just about
> any monetary transaction can be declared money laundering. (And get
> upheld in court!)
Yeaaaah... Ain't fungibility a bitch?
Well, folks, about 30 years we sowed a crop of inumeracy in our school
system, and now it's time to reap the harvest.
Cheers,
Bob Hettinga
-----------------
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