WSJ on Money Laundering

[William H. Geiger III]

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In <Pine.GSO.3.96.970609133806.19311E-100000 at linda.teleport.com>, on
06/09/97 
   at 01:42 PM, Alan <alano at teleport.com> said:

>Check out the latest (June 9th, 1997) Wall Street Journal.  On page B1
>there is an article on the wave of money laundering convictions for
>non-drug related crimes.  In fact, the article points out that just about
>any monetary transaction can be declared money laundering.  (And get
>upheld in court!)

>And the reasons behind this?  Long terms and lots of ready cash for the
>feds.

>"Property Seizure: It's not just for drug crimes anymore!"

This has been going on since the seizure laws were passed. The acusation
of any feloney gives the Gestapo (Federal, State, & Local) the power of
confescation (conviction is optional).

Not much different than the RICO laws. I would be suprised if 1 out of 10
RICO cases were actually against "orginized crime".

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