Is joey guilty of money laundering


Problem: Joey Jackpot owned an illegal gambling house in North Carolina. His gambling house was so popular that he ran out of room for all of his customers. He used the profits from his gambling house to purchase another house, which he then used as a second gambling house.  Is Joey guilty of money laundering? Support your answer with the applicable law and apply it to the facts presented.

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Business Law and Ethics: Is joey guilty of money laundering
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