GCB Secures Fourth Circuit Reversal of International Promotional Money Laundering Convictions.

In an appeal of the defendant’s international promotional money laundering convictions arising from a jury trial in the Eastern District of Virginia, the Court of Appeals for the Fourth Circuit reversed those convictions. As argued by GCB on appeal, the Court found there was insufficient evidence in the record to support the convictions. On appeal, GCB was able to trace the expenditure of the funds claimed to be laundered and show that the monies were not, in fact, used to invest in a criminal scheme.