Richard Bell, an organized crime boss and casino owner, has made a lot of money with his illegal drug operations and illegal gambling. He stashes away most of this drug money in personal lockers
In order to make it look like he earned it legitimately, Richard hired crooks to take the drug money and spend it in Richard's casinos in discreet amounts. The crooks are supposed to lose the money on purpose so that the casino can claim this as winnings. The crooks are then paid a small amount for their services. What crime is Richard committing in converting his drug money to alleged legal money?
A) misappropriation
B) embezzlement
C) money laundering
D) extortion
C
You might also like to view...
____________________ bonds give the issuing corporation the option of redeeming the bonds before the maturity date
Fill in the blank(s) with correct word
Which of the following should be audited when the store is closed?
a. in-store traffic flow b. vertical transportation adequacy c. parking lot adequacy d. inventory levels
The state, a shareholder, or a creditor may bring a proceeding seeking judicial dissolution
Indicate whether the statement is true or false
Legal title to land may be acquired by adverse possession, even though the possessor originally had no right to use or possess the property
Indicate whether the statement is true or false