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U.S. Supreme Court to Decide Whether Hiding Cash Constitutes Laundering

By Brian Orsak

The U.S. Supreme Court said Monday that it would hear a case to determine whether physically hiding illegally gained cash is money laundering. The case involves the conviction of a man in Texas for attempting to smuggle more than $83,000 in bulk cash into Mexico, according to court documents. It is the only case this month that U.S. justices have agreed to hear, according to the Supreme Court's Web site. Humberto Fidel Regalado Cuellar, the defendant, was convicted under the U.S.'s chief money laundering statute for concealing what prosecutors said was drug money in his car and clothes. Law enforcement...

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