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U.S. Code as of:
01/19/04
Section 854. Investment of illicit drug profits
(a) Prohibition
It shall be unlawful for any person who has received any income
derived, directly or indirectly, from a violation of this
subchapter or subchapter II of this chapter punishable by
imprisonment for more than one year in which such person has
participated as a principal within the meaning of section 2 of
title 18, to use or invest, directly or indirectly, any part of
such income, or the proceeds of such income, in acquisition of any
interest in, or the establishment or operation of, any enterprise
which is engaged in, or the activities of which affect interstate
or foreign commerce. A purchase of securities on the open market
for purposes of investment, and without the intention of
controlling or participating in the control of the issuer, or of
assisting another to do so, shall not be unlawful under this
section if the securities of the issuer held by the purchaser, the
members of his immediate family, and his or their accomplices in
any violation of this subchapter or subchapter II of this chapter
after such purchase do not amount in the aggregate to 1 per centum
of the outstanding securities of any one class, and do not confer,
either in law or in fact, the power to elect one or more directors
of the issuer.
(b) Penalty
Whoever violates this section shall be fined not more than
$50,000 or imprisoned not more than ten years, or both.
(c) "Enterprise" defined
As used in this section, the term "enterprise" includes any
individual, partnership, corporation, association, or other legal
entity, and any union or group of individuals associated in fact
although not a legal entity.
(d) Construction
The provisions of this section shall be liberally construed to
effectuate its remedial purposes.
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