ILNews

SCOTUS to hear money-laundering case

Michael W. Hoskins
January 1, 2007
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The Supreme Court of the United States today agreed to take a case out of East Chicago in order to clarify the definition of money laundering.

Federal circuit courts, including the 7th Circuit in Chicago, do not agree on an exact definition and have disagreed about whether it ;s considered money laundering to pay for the operation of a criminal enterprise with the profits of that illegal business. The nation ;s high court will determine whether the ban on the use of "proceeds" of a crime to promote or conceal it - that is, "laundering" the proceeds - applies to the total amount of money or only the profits after expenses.

The U.S. Solicitor General ;s Office in Washington, D.C., filed a petition for writ of certiorari late last year in U.S. v. Efrain Santos and Benedicto Dias, which involves the federal prosecution of an old tavern lottery raid where Santos – known as "Puerto Rican Frankie" – was arrested for running the illegal operation throughout the region from the 1970s to 1994.

Santos was sentenced to 17 years in prison in 1998, but he was later released after the 7th Circuit heard two other cases in 2000 and 2002 and issued rulings that changed the interpretation of money laundering. Following those decisions, U.S. District Judge James Moody in Hammond ruled that Santos ; actions were no longer considered money laundering because of an interpretation of "net proceedings" and "gross proceeds" in federal laws.
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  1. He did not have an "unlicensed handgun" in his pocket. Firearms are not licensed in Indiana. He apparently possessed a handgun without a license to carry, but it's not the handgun that is licensed (or registered).

  2. Once again, Indiana's legislature proves how friendly it is to monopolies. This latest bill by Hershman demonstrates the lengths Indiana's representatives are willing to go to put big business's (especially utilities') interests above those of everyday working people. Maassal argues that if the technology (solar) is so good, it will be able to compete on its own. Too bad he doesn't feel the same way about the industries he represents. Instead, he wants to cut the small credit consumers get for using solar in order to "add a 'level of certainty'" to his industry. I haven't heard of or seen such a blatant money-grab by an industry since the days when our federal, state, and local governments were run by the railroad. Senator Hershman's constituents should remember this bill the next time he runs for office, and they should penalize him accordingly.

  3. From his recent appearance on WRTV to this story here, Frank is everywhere. Couldn't happen to a nicer guy, although he should stop using Eric Schnauffer for his 7th Circuit briefs. They're not THAT hard.

  4. They learn our language prior to coming here. My grandparents who came over on the boat, had to learn English and become familiarize with Americas customs and culture. They are in our land now, speak ENGLISH!!

  5. @ Rebecca D Fell, I am very sorry for your loss. I think it gives the family solace and a bit of closure to go to a road side memorial. Those that oppose them probably did not experience the loss of a child or a loved one.

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