DAVID OLSON BLOG


Category: Money Laundering


MAY  1 2018
White Collar Crime Lawyer in West Palm Beach | White Collar Crime Guide
White Collar Crime Lawyer in West Palm Beach | White Collar Crime Guide

We hear about crimes on a daily basis. But, it’s not every day you’re face-to-face with a white collar crime, or an accusation. So, what is a white collar crime lawyer in West Palm Beach and how do you handle an accusation?

 

What Does “White Collar Crime” Mean?

 

White collar crime refers to non-violent crimes involving fraud, deception, and dishonest practices typically dealing with money matters. Bigwigs tend to commit these crimes within businesses, government, and large financial environments.

 

Examples of White Collar Crime?

 

White collar crimes come in all shapes and sizes. Money laundering, …

JULY  12 2017
New Law Says That Bitcoin Is Money Laundering… Now
New Law Says That Bitcoin Is Money Laundering… Now

 

 

The Florida legislature recently revised its financial laws, stating that Bitcoin can be used for money laundering. Previously this was not the case – because Bitcoin was not regarded as actual money.

 

Here’s an explanation of how the laws have changed and what this means for you.

 

Understanding Bitcoin and How It Can Get You into Trouble

 

What is “Bitcoin”? A bitcoin is a form of digital monetary exchange that is accepted as a payment method by many legitimate websites such as Amazon, Overstock.com, Target, Expedia, and Dell. However, bitcoins can be difficult to define …

SEP. 26 2016
Bitcoin Isn’t Money Laundering, Says Florida Court
Bitcoin Isn’t Money Laundering, Says Florida Court

If you are in the tech world, you might have heard about the ongoing case of the State of Florida vs. Michell Abner Espinoza. Abner was accused of money laundering and unauthorized transmission of money, but for many, the ruling affects more than just one man’s prison sentence. The case discussed the definition and distinction of “Bitcoin,” commonly regarded as an online measurement of currency.

 

The case’s final ruling in July may come as a shock to many Bitcoin users. The state of Florida ruled that Bitcoin isn’t money, and selling it is not considered “transmission” under Florida law. …