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ill-gotten gains |
Also found in: Legal | 0.04 sec. |
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ill-gotten gains money or other possessions acquired in a dishonest or illegal fashion. Bill cheated at cards and is now living on his ill-gotten gains. Mary is enjoying her ill-gotten gains. She deceived an old lady into leaving her $5,000 in her will. See also: gain How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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According to the Court, transporting proceeds from illegal drug sales does not in itself constitute money laundering, which requires an intent to "conceal or disguise the nature, the location, the source, the ownership, or the control" of ill-gotten gains. Prosecutors said Follieri was a sophisticated con man who went to elaborate lengths to carry out his scam and then spent his ill-gotten gains flying around the world in a private jet with his celebrity girlfriend and living a life of luxury at his Manhattan penthouse. He is also suspected of having billed the same overseas trips several times over, allegedly using the ill-gotten gains to finance private trips for himself and his family. |
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