We see it in the movies all the time. Individuals obtain money illegally, often through drug transactions, then they must find a way to "clean" it so that the authorities cannot trace that money back to illegal operations. This is often done by setting up a front business that is legitimate, then falsifying records to make it appear that the illegally obtained funds were obtained through legal means. Under Ohio law, such actions are illegal. However, those who have been accused of these crimes may want to look at the actual law to obtain a better understanding of what prosecutors must show before they can obtain a conviction.
Investing other people's money is a risky job to engage in, as many Cincinnati residents might be aware of. Not only does one have to worry about getting people the return they were promised, but one also has to make those returns consistently, which is often not possible. In order to ensure that people are getting their promised returns, some investors might take some extreme steps that could end up turning into financial fraud.
If you work in the financial industry, you might become an unwitting and unwilling participant in a money-laundering scheme. Criminal organizations often turn to financial advisers to "wash" their money obtained through criminal activity. An investigation by either Ohio or federal authorities could result in your arrest, even if you did not know your clients used your expertise to launder their ill-gotten gains.