Supreme Court takes Indiana money-laundering case

Examiner.com:

"The Supreme Court agreed Monday to review a case from northwestern Indiana that could undercut the federal money-laundering law, an enforcement weapon the government considers vital in going after outlaw gamblers and drug traffickers.

The Justice Department wants the court to overturn a standard set by a federal appeals court that complicates the task of prosecutors in securing money-laundering convictions.

The law makes it a crime to conceal proceeds from illegal activity or to use them to promote the activity. The 7th U.S. Circuit Court of Appeals in Chicago says that in order to convict, the proceeds must be profits rather than gross receipts."