Earlier quoted context omitted.
It is and it is (sorta). I worked in the bank industry for many years and I could have stolen money a hundred different ways without getting caught. The problem is that in the end the money has to go somewhere or be spent (why else steal it?). Also to live a legal life (house,car,boat) you have to have a source of income/spending that does not set off red flags. If you are a high paid bank employee why even bother? M…
Many (most?) financial type crimes have no statue of limitations so to get away you literally have to get away with it for the rest of your life At least in the US, this is inaccurate. Most financial/fraud crimes have a statute of limitations of 3-5 years, both at the state and federal level. Some federal crimes specifically against financial institutions have a SOL of 10 years. Generally the only crimes that have no…
If the prosecutor can claim conspiracy and they almost always can. they can reset the clock essentially forever on the limitation statute. As I stated in my post you are essentally commited to variations on money laundering for the rest of your life unless you can make a "Retirement Level" lump sum of money usable for legal purposes.