Two men, Gino Carlucci and Wayne Mounts, were convicted of conspiracy to commit money laundering and conspiracy to defraud the Internal Revenue Service (IRS). According to the United States Justice Department, the men devised multiple fraudulent schemes including an investment involving a fraudulent casino project in Antigua. The men face a maximum sentence of five (5) years in prison for conspiracy to defraud the IRS and a maximum sentence of twenty (20) years imprisonment for money laundering. Mr. Carlucci was found not guilty on a separate charge for witness tampering. In 2004, Mr. Carluci was found guilty of filing a false income tax return.
According to Arizona Revised Statute § 13-2317, “A person is guilty of money laundering in the first degree if the person does any of the following: (1) knowingly initiates, organizes, plans, finances, directs, manages, supervises or is in the business of money laundering . . . .” Under Arizona law, a person may also be charged with money laundering in the second or third degree. Money laundering in the first degree is a Class 2 Felony punishable by three (3) to twelve and one half (12.5) years in prison for a first offense. Money laundering in the second degree is a Class 3 Felony punishable by two (2) years to 8.75 years in prison for a first offense. Money laundering in the third degree is a Class 6 Felony punishable by four (4) months to two (2) years in prison for a first offense.
If you have been arrested for money laundering, contact the Arizona defense attorneys at Oracle Law Group for assistance with your criminal case.