Home -> Law Blog Directory -> Criminal Law Blogs -> Underdog

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Criminal Law

: Underdog

Money laundering: On a hanger or in a box?

By Marks & Katz, LLC

ADVERTISEMENTS

Image from Bureau of Engraving and Printing's website. The closest I ever came to being a cop was my year before law school as a financial auditor at a large Wall Street commercial bank. Early on, among our duties, we were taught to monitor for violations of the money laundering laws, by verifying that IRS Form 8300 had been properly filed for cash transactions over $10,000, and that multiple deposits by the same customer were not being used to circumvent the money laundering laws. Later on, one of my department's vice presidents, a very colorful man, did a training presentation on money laundering, and spoke of the law's focus on drugs, which I felt was a waste of time and resources for the criminal law to focus on. In any event, I found no evidence of money laundering during the two instances when I handled audits involving customer cash transactions...continue to full post

Full post as published by Underdog on September 09, 2008 (boomark / email).

Lawsuits and Settlements

Money Mart Canada
Settles Class Action for $100 Million

Treasurer Embezzlement
Mary Lou Puccio repays Warren Cheer and Pom Program $26,000 after stealing money.

Bankrupt Money Manager
Former officers to pay $10.7 million settlement in fraud lawsuit.

Transit Technicians Scam
Two Municipal Transportation Agency agree to pay $287,000 settlement for stealing money from fare boxes.

Brown Greer et al.
alleging that the six law firms handling the Vioxx settlement failed to provide money for reimbursements to lien rights of Employee Retirement Income Security Act (ERISA) health plans.

Related Searches