United States v. Johnson
United States Court of Appeals for the Tenth Circuit
971 F.2d 562 (1992)
- Written by Sharon Feldman, JD
Facts
Robert Johnson (defendant) defrauded investors by misrepresenting that he was buying discounted Mexican pesos and reselling them for market value in American dollars. Investors wire-transferred funds to Johnson’s account, and Johnson wired back to investors the purported profits. Johnson was convicted of money laundering based on the payment of his home mortgage and purchase of a Mercedes automobile with wire-fraud proceeds and on wire transfers from investors to Johnson’s account and from Johnson’s account to investors. On appeal, Johnson argued that there was insufficient evidence that he paid off his mortgage and purchased the car with the intent to promote further wire fraud, the transfers from investors to his account were not transactions in criminally derived property, and the funds transferred to investors might have come from sources other than investors.
Rule of Law
Issue
Holding and Reasoning (Brown, J.)
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