Back in the 70's and 80's I DID launder drug money and it was simple as long as you kept ALL transactions under the 10k mark. I also bought numerous properties in CASH and had no problem with IRS until I got busted for drugs. I ended up settling with them for pennies on the dollar (thanks Ed Porsche). People are too afraid of the IRS and they are usually the bottom of the barrel of accountants. Today, though with better computing I would assume it would be harder. After 12 years away, that cured me.

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Posted by lepdagod

Baton Rouge

Member since Jan 2015

3494 posts

Posted on 3/3/22 at 5:11 pm to mstiger1

quote:
People are too afraid of the IRS and they are usually the bottom of the barrel of accountants.

This not true at all

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Posted by NOLALGD

Member since May 2014

2274 posts

Posted on 3/4/22 at 2:22 pm to mstiger1

quote:
Back in the 70's and 80's I DID launder drug money and it was simple as long as you kept ALL transactions under the 10k mark. I also bought numerous properties in CASH and had no problem with IRS until I got busted for drugs. I ended up settling with them for pennies on the dollar (thanks Ed Porsche). People are too afraid of the IRS and they are usually the bottom of the barrel of accountants. Today, though with better computing I would assume it would be harder. After 12 years away, that cured me.

Would love to hear more of your story. From what you wrote sounds like you were living a good life until you got busted and did some serious time. After you go out how much of the assets you acquired did you still have?

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