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teke184
LSU Fan
Zachary, LA
Member since Jan 2007
28424 posts

re: Let's talk money laundering
You don’t have to eat the elephant in one bite, you can do it over time.

Still, storefront rent on such shops plus the infrastructure necessary to run them is pretty damn low compared to most other fronts.


Worst comes to worst, lie and claim that anything which comes in needs to be sent to the central office for work and then sent back, which is why the only things in each office are a chair, desk, and receipt pad.


cas4t
New Orleans Saints Fan
Member since Jan 2010
61184 posts

re: Let's talk money laundering
quote:

You don’t have to eat the elephant in one bite, you can do it over time.



yep, plus a little here a little there doesn't raise red flags
quote:

Worst comes to worst, lie and claim that anything which comes in needs to be sent to the central office for work and then sent back, which is why the only things in each office are a chair, desk, and receipt pad.



we should be criminals


LSU Rules07
LSU Fan
Member since Oct 2007
1243 posts

re: Let's talk money laundering
Start cash business.
Mix dirty money in with your legit cash deposits.
Spend money.


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rocket32484
LSU Fan
Member since Jan 2008
1304 posts

re: Let's talk money laundering
If you are forced to launder all of it, you will fail.


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teke184
LSU Fan
Zachary, LA
Member since Jan 2007
28424 posts

re: Let's talk money laundering
The crimes wouldn’t be the hard part.

The hard part would be defending yourself from people who know you can’t go to the cops and complain.


I wouldn’t want to be the dumbass making a Squat Cobbler video to explain why I have flashy shite that shows I have more money than my reported income while complaining to the cops about stolen stuff.


slackster
Stanford Fan
Houston
Member since Mar 2009
50626 posts
 Online 

re: Let's talk money laundering
quote:

It would be pretty easy. Buy a cash business and just start putting more $$ through it. Just increase the sales and put cash in it. dry cleaner car wash bar restaurant


How do you buy these businesses?


el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
37980 posts

re: Let's talk money laundering
Use that money to buy drugs and sell the drugs


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60
cas4t
New Orleans Saints Fan
Member since Jan 2010
61184 posts

re: Let's talk money laundering
quote:

The hard part would be defending yourself from people who know you can’t go to the cops and complain.



good point

would need muscle to manage that shite I guess


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teke184
LSU Fan
Zachary, LA
Member since Jan 2007
28424 posts

re: Let's talk money laundering
Find existing ones for sale?

Research ownership of such sites and either overpay for the business or do what you can to encourage a sale such as cutting into their profit margins?


Hell, someone with a vague knowledge of either Breaking Bad or Better Call Saul could figure out a lot of this.


SeeeeK
Missouri Fan
St.Louis
Member since Sep 2012
12921 posts

re: Let's talk money laundering
people money launder all the time

and there are a shite load of ways 2 do it.


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cas4t
New Orleans Saints Fan
Member since Jan 2010
61184 posts

re: Let's talk money laundering
quote:

How do you buy these businesses?



LOC or an owner willing to sell for cash or partial cash


Mingo Was His NameO
LSU Fan
318
Member since Mar 2016
8961 posts

re: Let's talk money laundering
quote:

Hell, someone with a vague knowledge of either Breaking Bad or Better Call Saul could figure out a lot of this


Lol


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21
cas4t
New Orleans Saints Fan
Member since Jan 2010
61184 posts

re: Let's talk money laundering
you could even just buy them legally if you can access a LOC from a bank.

assuming I stay in my current job until I get my crime business off and running.


slackster
Stanford Fan
Houston
Member since Mar 2009
50626 posts
 Online 

re: Let's talk money laundering
quote:

LOC or an owner willing to sell for cash or partial cash


Therein lies the problem. When that owner goes to deposit $40k cash at the bank, you're screwed.

Buying any business for cash is going to require someone else who's willing to launder money, unless you buy it with money you've already claimed.

All of these ideas are plausible if you've got a sizable amount of money that's already legitimate. If you're starting from scratch, they won't work.


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texag7
USA Fan
College Station
Member since Apr 2014
25623 posts
 Online 

re: Let's talk money laundering
Cattle business. I’ve never paid taxes on anything

Knock on wood


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slackster
Stanford Fan
Houston
Member since Mar 2009
50626 posts
 Online 

re: Let's talk money laundering
quote:

you could even just buy them legally if you can access a LOC from a bank.


You'd have to buy them legally. Using the proceeds from your $20MM is the quickest way to get caught.


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The Korean
LSU Fan
Denham Springs, LA
Member since May 2008
1216 posts

re: Let's talk money laundering
Depends on how much of the money you are looking to launder, if it's just so you can have a comfortable life without much stress, it's very simple. Pick a business you want and open up a shop. Over the course of time, it very easy to funnel money through. You don't really even have to work there, if you know of family or friends who need a job. If done well, they don't even have to be in on it, and you need the least amount of people to know. There are a few businesses/people I have know that have to be doing this.



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SSpaniel
Memphis Fan
Germantown
Member since Feb 2013
12193 posts

re: Let's talk money laundering
quote:

Generally speaking people are not smarter than IRS agents.




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real turf fan
Tennessee Fan
East Tennessee
Member since Dec 2016
1633 posts

re: Let's talk money laundering
A friend from Philadelphia talked about knowing which upscale restaurants there gave great meals at a fraction of what it cost to make them. And there were two prices: those on the menu and those charged to special friends. Many, many special friends who paid hamburger prices for filet with double lobster tails.


hottub
Member since Dec 2012
457 posts

re: Let's talk money laundering
quote:

How would you handle it if you had a one-time windfall in cash that you didn't want to pay taxes on? For the sake of discussion, let's make it $20 million dollars.


The whole point is to pay some taxes.

Given your 20 million hypothetical, let’s assume it was from selling crack. You could start a barber shop and “clean” 10 mil over time. 20 million is hard without a big investment. Scrap yards are good place to hide money but that is a little more capital heavy. Churches or a “ministry” would be another way.


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