"Because it is clear to us the prosecutor presented 'some evidence' that defendant was managing, controlling and supervising the possession and transport of funds entrusted to him by 'newer clients to complete real estate transactions' for previously retained clients, thereby concealing his prior misappropriations and allowing his continuing thefts to go undetected, we are satisfied defendant was properly charged with money laundering," Judge Allison E. Accurso wrote for the panel.
While New Jersey's money laundering statute is broader than its federal cousin, the trial court decision was a misreading of the law, Accurso said.
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