Yesterday, we learned that Phil Mickelson transferred close to $3 million to Gregory Silveira, a gambling intermediary. Silveira proceeded to transfer the funds, in varying amounts, to his different banks accounts and then used the funds or “proceeds” to place bets at an illegal offshore gambling site. Silveira was charged and pled guilty to money laundering charges related to these transactions. See the full ESPN story here.
Can Mickelson be Charged with Money Laundering? Probably Not
- Money in (from Mickelson).
- Money moves around – i.e. money laundering (between different banks accounts in Silveira’s name).
- Money out (to the illegal activity).
18 U.S. Section 1956: Laundering of Monetary Instruments
(a)(1) Whoever, knowing that the property involved in a financial transaction represents the proceeds of some form of unlawful activity, conducts or attempts to conduct such a financial transaction which in fact involves the proceeds of specified unlawful activity—
Attorney Bryan Hoeller is federal criminal defense attorney and former felony prosecutor with a principle law office in Fort Worth, Tarrant County, Texas. Bryan has tried over 100 criminal cases, ranging from DWI to Capital Murder.