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To: All
Texas Money Laundering:

§ 34.02. MONEY LAUNDERING. (a) A person commits an offense if the person knowingly

(1) acquires or maintains an interest in, receives, conceals, possesses, transfers, or transports the proceeds of criminal activity

(2) conducts, supervises, or facilitates a transaction involving the proceeds of criminal activity; or

(3) invests, expends, or receives, or offers to invest, expend, or receive, the proceeds of criminal activity or funds that the person believes are the proceeds of criminal activity.

More...

236 posted on 12/05/2005 2:11:23 PM PST by fidelio
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To: fidelio

The money used was not from any criminal activity.


244 posted on 12/05/2005 2:14:12 PM PST by pepperhead (Kennedy's float, Mary Jo's don't!)
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To: fidelio
Well that seals it then. Political contributions are not "proceeds of criminal activity", so I don't see how the money laundering charges could possibly stand.

The only way there would be "criminal activity" is if there was a felony violation of law. The only point where that felony could occur would be if a Texas corporation directly donated funds to a Texas politician. At that point, if those funds were spent they would be "proceeds of criminal activity" under the Texas money laundering statute.

With the conspiracy charges dismissed there is no possible way that the money laundering charges can stand, since there is no longer any felony to turn the political donations into "proceeds of criminal activity".

Earle is hosed!

276 posted on 12/05/2005 2:33:49 PM PST by vrwc1
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