Some quick notes re Jain and the charges of money laundering
The indictment filed against Sam Jain gives an indication of the sort of money Jain was making from his fake Symantec software.
The indictment lists the following international money transfers:
- approximately US$150,000 transferred on 15 March 2005 from a New York account into a Swiss account
- approximately US$561,000 transferred on 11 May 2005 from a New York account into a Swiss account
- approximately US$3,000,000 transferred on 23 May 2005 from a New York account into a Swiss account
- approximately US$50,000 transferred on 5 December 2005 from a New York account to a Swiss account
Total = US$3,761,000
Internal (within the USA) transfers included:
- US$5,658,761.15 transferred from an investment account to a New York account; and
- US$1,000,000 transferred from the New York account to another account.