News

Bill Would Add War Profiteering to List of Crimes Associated with Money Laundering

By Matt Squire

A federal bill that would criminalize war profiteering also adds the offense to a list of predicate crimes that trigger money laundering charges. The measure, sponsored by U.S. Sen. Patrick Leahy, would make it a felony to engage in price gouging to profit excessively from a war, military action, or reconstruction efforts. The crime would be added to the federal list of more than 200 offenses - including counterfeiting, mail fraud and terrorism - used to build a money laundering case. "The government is starting to use money laundering sentences very frequently to add to criminal charges, in part because...

TO READ THE FULL STORY