Federal 7th Circuit Court
Criminal Court
Money Laundering
Record contained sufficient evidence to support jury's guilty verdict on money laundering conspiracy charge where record showed that proceeds from drug sales made by certain conspirators were used to purchase real estate in names of other individuals. Moreover, while defendants argued that instant indictment was time-barred because execution of last warranty deed on subject property was filed nine months beyond applicable five-year limitations period, execution of subsequent quit claim deed on same property provided necessary act within limitations period to support instant prosecution. However, record failed to support conviction on money laundering charge under 18 USC section 1957 where purchase of $8,000 property was under $10,000 minimum for said charge. Fact that same property was subsequently sold for more than $10,000 was immaterial.