sch.1-sec.1Example 1

### sch.1-sec.1 Example 1 A acquires $40,000 as the proceeds of an illegal activity. A uses the $40,000 to buy land from B. The land is illegally acquired property. The money paid to B for the property continues to be illegally acquired property. A sells the land to C for $50,000. The land continues to be illegally acquired property. The $50,000 C paid for the land is illegally acquired property. A uses the $50,000 paid for the land by C to buy a car from D. The car becomes illegally acquired property and the $50,000 A used to buy it continues to be illegally acquired property, unless the purchase was for sufficient consideration from an innocent person. (sch.1-sec.1-ssec.1) A acquires $40,000 as the proceeds of an illegal activity. (sch.1-sec.1-ssec.2) A uses the $40,000 to buy land from B. (sch.1-sec.1-ssec.3) The land is illegally acquired property. (sch.1-sec.1-ssec.4) The money paid to B for the property continues to be illegally acquired property. (sch.1-sec.1-ssec.5) A sells the land to C for $50,000. (sch.1-sec.1-ssec.6) The land continues to be illegally acquired property. (sch.1-sec.1-ssec.7) The $50,000 C paid for the land is illegally acquired property. (sch.1-sec.1-ssec.8) A uses the $50,000 paid for the land by C to buy a car from D. (sch.1-sec.1-ssec.9) The car becomes illegally acquired property and the $50,000 A used to buy it continues to be illegally acquired property, unless the purchase was for sufficient consideration from an innocent person.