Money Laundering Question???

Couldn't the Feds target someone for money laundering if they transfered their money through a foreign bank account from gambling?

They won't/can't get you for placing wagers, but can get you for not paying taxes on winnings; but can they get us for money laundering too?

In order to money launder, you have to say that you made profits from one thing when you made them from something else.

If you say - hey guys I made my profits from gambling, you are not laundering money. Gambling is not illegal!!! Hell, if you say you made the money from ecommerce you would not be money laundering.

If you make the money selling cocaine and you say you made it owning a restaurant then you are money laundering.

You guys have to understand the feds are not interested in dragging 100,000s of people into federal court. When they file a money laundering charge it is almost always attached to either drug dealing, extortion, or tax evasion and is almost always over 10s of millions of dollars.

A few quacks in congress got a stupid bill through. This does not change the fact that the DOJ and federal courts have a budget and they are not run by the same quack who is in congress.

The last money laundering case I saw prosecuted was the Cali cartel and that was over $2,000,000,000.

I challenge you to find one federal money laundering case under $100,000.

I would be thrilled to be indicted federally for money laundering. It would mean I'd have 10s of millions of dollars and not be living here.

Sean

Feds are not going after players they are going after companies. So I think players will be save for now, but you all need to start thinking on what other charges can they file on you, just to be smart enough to have a break before that happen to you....