Like many states, New Jersey regards money laundering as a serious crime, and the penalties for being found guilty are well enumerated. Different kinds of illegal financial activity all have their own punishment schemes and frameworks. With offenses like money laundering, the degree of a person's charges depend on the amount of money allegedly involved, but numerous factors could play a part in a trial. Those found guilty of committing other violations of the law in the course of white-collar crimes may suffer even harsher sentencing guidelines than normal.
According to Chapter 25 of the New Jersey Statutes, the state has numerous powers it can call upon when pursuing individuals suspected of money laundering. For instance, the Attorney General can intercept someone's communications. On the other hand, courts can also exhibit leniency by choosing to impose mitigation sentences for defendants who don't represent a danger to the public. Mitigation and repayment penalties may allow accused individuals to preserve their public image or avoid harsher sentencing.
Under state law, money laundering and racketeering include a number of other related crimes, including kidnapping, gambling, arson and bribery. Authorities only need evidence of two related racketeering crimes within a decade to declare that someone has exhibited a pattern of racketeering activity, and those accused of multiple crimes may find themselves facing harsher penalties when prosecutors decide to add up the sum of the alleged damage.
Money laundering charges can ruin lives, especially for public figures. Those who face such accusations may find that researching the legal ramifications of their indictments helps them adopt an improved defense strategy. Such a strategy could play a vital role in minimizing the time and money people spend fighting their charges in court.
Source: New Jersey Statutes, "Chapter 25", November 02, 2014