The high court ruled on U.S. v. Efrain Santos, et al., No. 06-1005, which involved a money-laundering ring in East Chicago.
A majority of justices held today that "proceeds" according to the federal money-laundering statute applies only to transactions involving criminal profits, not criminal receipts.
Indianapolis attorney Todd Vare with Barnes & Thornburg argued before the high court Oct. 3, 2007.
This story will be updated in this afternoon's Indiana Lawyer Daily.