Money Laundering is a complex type of fraud, which involves a conglomerate of participants, resources, and circumstances. It’s a criminal activity classified as a white-collar offense with a rich history and global cases. It is wrapped around illegal financial transactions with the objective to hide the criminal nature of the income. Sometimes this term is applied to other aspects of financial crimes, like violation of the securities, digital currencies, credit cards, traditional currency, terrorism financing and evasion of international sanctions. The penalties for these felonies vary according to the level of severity.
A recent blog posting on the ABA Journal reported that Cameron County District Attorney Armando R. Villalobos, who is currently running for election to a seat in the U.S. Congress, is accused with his former law partner, Eduardo “Eddie” Lucio, and others of participating in a criminal scheme to deprive the public of the honest services of their public officials and derive a profit from the operations of the judicial system, according to the Brownsville Herald. http://www.abajournal.com/news/article/da_running_for_congress_is_indicted_feds_say_he_operated_justice_system_as_/
Villalobos has refused to either step down from his job as District Attorney or to give up his run for Congress making it very difficult sometimes to tell the good guys from the bad guys.