United States Seventh Circuit

Under the money laundering statute, 18 U.S.C. section 1956(a)(1), "proceeds" must be deemed net income, at least when the crime entails voluntary, business-like operations.

Appellate Information

• Argued 01/15/2002
• Decided 02/28/2002
• Published 02/28/2002

Judges

• EASTERBROOK, Circuit Judge., Before FLAUM, Chief Judge, and COFFEY and EASTERBROOK, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellees:
  
• Stephen D. Anderson (argued), Office of the U.S. Atty., Chicago, IL, for Plaintiff-Appellee., Marc W. Martin, Chicago, IL, Alexander M. Salerno (argued), Berwyn, IL, for Defendants-Appellants.