Money Laundering (N.J.S.A. 2C:21-25) is an extremely serious charge in New Jersey, and conviction can destroy your life. Similarly to theft crimes, the penalties for Money Laundering charges are scaled to the value of the allegations, but the charges are much more dangerous, with vastly longer potential sentences at most levels.
For starters, a money laundering charge whose value is less than $75,000 is a crime of the third degree and conviction will lead to a sentence of three to five years in prison and a $15,000 fine. When the value of the money laundering scheme is appraised at between $75,000 and $500,000, you’ll be charged at the second degree level and face a five to 10 year sentence and fines up to $150,000.
If you’re convicted of laundering money in amounts above $500,000, you’ll have a first degree crime on your record and face a prison sentence of between 10 and 20 years. The judge will impose a minimum sentence of between one-third and one-half of your sentence which you must serve before you’ll be eligible for parole.
Charges of money laundering in New Jersey have the potential to destroy your future. Fight back against serious criminal charges with an experienced New Jersey criminal defense attorney. Call Matthew Reisig today at 732-625-9661 and talk to a lawyer for free.