Listen to this story
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThis audio file is brought to you by 
0:00
0:00
Loading audio file, please wait.
In a split decision this morning, the Supreme Court of the United States has defined money laundering and tossed out the convictions of an East Chicago man.
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.
Please enable JavaScript to view this content.