United States Supreme Court
US v. Santos, 06-1005
A judgment vacating defendants' convictions for violating the federal money-laundering statute is affirmed. Four Justices joined in finding that the term "proceeds" in the federal money-laundering statute, 18 U.S.C. section 1956(a)(1), means "profits," and not "receipts." Another Justice joined in the judgment, opining that revenue which a gambling business uses to pay essential operating expenses is not "proceeds" under the statute.
Appellate Information
- Decided 06/02/2008
- Published 06/02/2008
Judges
Court
- United States Supreme Court