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FAQ:
Q: How long is jail time for money laundering?
A: Money Laundering: Penalties & Prison Time. First degree money laundering is a class two (2) felony . This means that for a first offense, punishment can be probation with zero (0) days in jail up to one (1) year in jail, or prison of three (3) years to twelve and one half (12.5) years of incarceration.
Q: How much time will I serve for money laundering?
A: Money laundering is a serious crime under federal law. A violation of 18 U.S.C. §1956 can result in a sentence of up to 20 years in prison. A violation of 18 U.S.C. §1957 can result in a sentence of up to 10 years in prison.
Q: How much money is considered embezzlement?
A: Embezzlement of property, money, or services, and many enumerated items, worth more than $950 is grand theft. A conviction carries a jail sentence of up to one year (a misdemeanor). But state prison time of 16 months, 2, or 3 years is also possible for felony grand theft.
Q: What is the Federal Sentencing Guidelines?
A: The Federal Sentencing Guidelines are rules that set out a uniform sentencing policy for individuals and organizations convicted of felonies and serious (Class A) misdemeanors in the United States federal courts system.