zlacker

>>mikeyo+(OP)
The hack occurred 5.5 years ago. The Federal statute of limitations on Grand Theft/Larceny is 5 years. Is this why they are charged with Conspiracy to Commit Money Laundring and not charged with the actual theft?

Lichtenstein and Morgan are charged with conspiracy to commit money laundering

If so, this means that (outside tax obligations) they may have gotten away with it essentially by sitting on the money doing nothing for 5 years and then openly transferred it to themselves. Since they took actions that were meant to launder the money, they opened themselves up to the money laundering charges on their own.

https://www.law.cornell.edu/uscode/text/18/3282

This is similar to many financial regulations where you can have completely legally obtained money but if you deposit $9,000 followed by depositing $1,000 thereby avoiding a CTR notification to the government required for a $10,000 deposit, you're guilty of "structuring" your deposits.

https://www.fincen.gov/sites/default/files/shared/CTRPamphle...

>>300bps+ax
It's definitely not that easy... They would be sued in Civil Court for the entire amount, the Feds have a variety of options for 10-year statutes that could be implicated when they transfer the funds to a bank (wire fraud, mail fraud, bank fraud) and they would have to pay taxes on the funds lest they are implicated in tax fraud. It's hard work being a criminal.