A federal money laundering charge was brought against a Sparta, New Jersey man. It is alleged that the man submitted false documents to obtain the federal Payroll Protection Plan loans. The Payroll Protection Plan loans were designed to keep small businesses afloat last year when the pandemic hit the United States. Supposedly, the Sparta man took out loans from the Payroll Protection Plan making up phony businesses, and using social security numbers of people that have been deceased for a decade. It is also alleged that he fraudulently took out $1.9 million in loans. The defendant is charged with bank fraud, false representation of a Social Security number and money laundering. The

Federal Money Laundering Charge Lawyer

A federal money laundering charge is a serious charge. A federal money laundering charge is codified under U.S.C. Section 1956.  A federal laundering money charge is punishable by up to twenty (20) years in prison, as well as as up to half a million dollars in fines. The law states, in part, that:

  • Whoever, knowing that the property involved in a financial transaction represents the proceeds of some form of unlawful activity, conducts or attempts to conduct such a financial transaction which in fact involves the proceeds of specified unlawful activity—
    • with the intent to promote the carrying on of specified unlawful activity; or
    • with intent to engage in conduct constituting a violation of section 7201 or 7206 of the Internal Revenue Code of 1986; or
    • knowing that the transaction is designed in whole or in part—
      • to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity; or
      • to avoid a transaction reporting requirement under State or Federal law,
    • shall be sentenced to a fine of not more than $500,000 or twice the value of the property involved in the transaction, whichever is greater, or imprisonment for not more than twenty years, or both
  • Whoever transports, transmits, or transfers, or attempts to transport, transmit, or transfer a monetary instrument or funds from a place in the United States to or through a place outside the United States or to a place in the United States from or through a place outside the United States—
    • with the intent to promote the carrying on of specified unlawful activity; or
    • knowing that the monetary instrument or funds involved in the transportation, transmission, or transfer represent the proceeds of some form of unlawful activity and knowing that such transportation, transmission, or transfer is designed in whole or in part—
      • to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity; or
      • to avoid a transaction reporting requirement under State or Federal law

Federal Criminal Defense Lawyer

The Law Offices of Jonathan F. Marshall has handled numerous federal offenses in the past. We have handled federal offenses not only here in New Jersey, but as well as California. Our tema of federal criminal defense attorneys are ready to assist you or your loved one since our team has:

  • Eleven (11) criminal defense attorneys on staff
    • Combined together, over 200 years of experience
  • Eight (8) former prosecutors on staff
    • Four (4) were former county prosecutors who’ve tried high-profiled murders trials before a jury during their tenure as prosecutors
    • Many held directorial positions during their tenures as former assistant county prosecutors
      • One (1) was the head of the Drug, Gang, and Gun Task force
      • One (1) was the head of the Major Crimes Division
      • One (1) was the head of the Trial team
      • One (1) attorney tried thirty murder cases to verdict, and won every single on of them
    • Three (3) former municipal prosecutors
  • Multiple attorneys selected to either the National Trial Lawyers Top 100 or Top 40 Under 40
  • Two (2) attorneys selected to Thomson Reuters’ Super Lawyers Rising Stars list for criminal defense
    • Only 2.5% of attorneys in New Jersey are selected to said list
  • One (1) attorney certified by the Supreme Court of New Jersey as a Criminal Trial Attorney
    • Less than 1% of attorneys hold this distinction in New Jersey

Please give our office a call if you or a loved one has been charged with a crime at 201-201-0086.