Some Texas District Attorney’s Office’s have gotten creative in how they prosecute those allegedly involved in dealings with money with illicit or illega origins. Although the Texas money services act was intended as an act to protect those involved in banking transactions, it has been used by local proseecutors in situations where Money Laundering may
Money laundering is a criminal offense under Texas law that involves the attempt to conceal or disguise the proceeds of illegal activity, typically by transferring them through a series of financial transactions that appear to be legitimate. The Texas Penal Code defines money laundering under Section 34.02, which states: “A person commits an offense if
White-collar crimes refer to non-violent offenses committed for financial gain, typically by professionals or businesspeople. In Texas, white-collar crimes include various offenses, such as: Embezzlement: The act of stealing funds or property entrusted to one’s care, often by an employee or executive of a company. Fraud: Intentionally deceiving another person or entity for financial gain,
