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United States v. Santos: "Proceeds" in Federal Criminal Money Laundering Statute, 18 U.S.C. Section 1956, Means "Profits," Not "Gross Receipts"

Description: On June 2, 2008, the U.S. Supreme Court, in United States v. Santos (No. 96-1005), vacated convictions of the operator of an illegal lottery and one of his runners who had been charged with conducting financial transactions involving the "proceeds" of an illegal lottery and one of his runners who had been charged with conducting financial transactions involving the "proceeds" of an illegal gaming business. The ruling is that "proceeds," as used in this money laundering statute, means "profits" rather than "gross receipts" of the underlying unlawful activity. This report analyzes this decision, the factors contributing to the decision, the principles upon which the decision was based, and the possible future effects of the ruling.
Date: June 13, 2008
Creator: Murphy, M. Maureen
Partner: UNT Libraries Government Documents Department

National Gambling Impact Study Commission

Description: Congress authorized The National Gambling Impact Study Commission ("the Commission") on June 3, 1996 by Public Law 104-169. The Commission is subject to the standards and requirements of the Federal Advisory Committee Act (FACA), as amended, with respect to meetings, hearings, and availability of Commission records, and other matters. The implementing statute for the Commission establishes it as an independent commission which is not under the auspices of any executive agency, nor specifically controlled by the legislative or judicial branches of government. The Commission must conduct a comprehensive legal and factual study of the social and economic impacts of gambling on (1) federal, state, local, and Native American tribal governments; and (2) communities and social institutions including the individuals, families, and businesses which compose them.
Date: August 3, 1999
Creator: National Gambling Impact Study Commission
Partner: UNT Libraries Government Documents Department