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Message
Too much money to Launder?
Posted on 3/2/22 at 10:56 pm
Posted on 3/2/22 at 10:56 pm
Watching Breaking Bad (rewatch actually) got me thinking about if you had a ton of cash and couldn’t effectively launder it, what would you be able to do with it and evade suspicion? As far as paying cash goes:
Groceries, especially choice items like steak, lobster.
Home products, minor appliances and furnishings.
Clothes.
Vacations.
Is it safe to say just about anything except buying real property, cars, major renovations, expenses over a certain amount?
Assuming all that is true seems like you’d be able to live a pretty high life so long as you had a decent/well paying job to provide the legit front money for home, auto and other.
Input?
Groceries, especially choice items like steak, lobster.
Home products, minor appliances and furnishings.
Clothes.
Vacations.
Is it safe to say just about anything except buying real property, cars, major renovations, expenses over a certain amount?
Assuming all that is true seems like you’d be able to live a pretty high life so long as you had a decent/well paying job to provide the legit front money for home, auto and other.
Input?
58
Posted on 3/2/22 at 10:57 pm to Havoc
Hi IRS agent.
We don't launder any money here.
Sorry. Can't help.
We don't launder any money here.
Sorry. Can't help.
Posted on 3/2/22 at 10:57 pm to Havoc
Send me $600 and I’ll show you.
Posted on 3/2/22 at 10:58 pm to Havoc
casino
buy chips, play for an hour, cash in
basic Rockford Files 101
buy chips, play for an hour, cash in
basic Rockford Files 101
Posted on 3/2/22 at 11:00 pm to Havoc
Get it on foreign crypto exchanges. It can't be traced
Posted on 3/2/22 at 11:00 pm to Havoc
Groceries?
So in your mind you have so much illegal cash that you can’t launder it quick enough, but you still buying your own groceries? Headed down to Albertsons with the list in your hand every Saturday morning type of schedule?
So in your mind you have so much illegal cash that you can’t launder it quick enough, but you still buying your own groceries? Headed down to Albertsons with the list in your hand every Saturday morning type of schedule?
Posted on 3/2/22 at 11:01 pm to Havoc
Nice try, mr. FBI man
Posted on 3/2/22 at 11:01 pm to Havoc
Laundering is mostly for appeasing friends, family, and acquaintances. There's too much money and too many rich people for the IRS to monitor everyone, assuming you stay reasonable with your purchases and way of life.
Having any sort of job would be generally be enough to avoid suspicion. Buy normal shite, file auditable taxes, etc.
Having any sort of job would be generally be enough to avoid suspicion. Buy normal shite, file auditable taxes, etc.
Posted on 3/2/22 at 11:03 pm to AUCE05
quote:
Get it on foreign crypto exchanges. It can't be traced
How do you off-ramp into fiat?
Posted on 3/2/22 at 11:06 pm to Havoc
You could probably spend 40-50k on gas and high end groceries in a year. You could launder a million dollars over 20 years that way without too much risk. Any more than that and you'd attract IRS attention. They have economists who estimate what kind of lifestyle you can afford on a stated income.
You could bury it somewhere, take up a treasure hunting hobby, go out with your metal detector and "find" it.
You could bury it somewhere, take up a treasure hunting hobby, go out with your metal detector and "find" it.
Posted on 3/2/22 at 11:06 pm to Havoc
This is what happened to that NYC couple (Ilya Lichtenstein/Heather Morgan). The bitcoin they stole was originally worth around $70 million but increased in value to $4.5 billion and they had big trouble laundering all the money.
Posted on 3/2/22 at 11:07 pm to kciDAtaE
quote:
So in your mind you have so much illegal cash that you can’t launder it quick enough, but you still buying your own groceries? Headed down to Albertsons with the list in your hand every Saturday morning type of schedule?
The thought is to eliminate as many third parties as possible, like people buying groceries for you.
Posted on 3/2/22 at 11:12 pm to Havoc
Go to the casino enough to establish you’re a regular, bringing cash, then take out second mortgage on your home, and then after a few months “win” big at the casino, then go back to pay off mortgage and say how lucky you were, when depositing the winnings bc you almost gambled the mortgage money and then check yourself into rehab for a so called gambling problem to evade any suspicion ….
There should be enough winnings there to start buying up real estate in Florida, just don’t go buy a Lambo or brag to anyone
There should be enough winnings there to start buying up real estate in Florida, just don’t go buy a Lambo or brag to anyone
Posted on 3/2/22 at 11:12 pm to GumboPot
Art seems to be the easiest
Posted on 3/2/22 at 11:13 pm to Havoc
Not this time law man.
Posted on 3/2/22 at 11:16 pm to Havoc
Start cash businesses.
Bars, nail salons, dry cleaners. Inflate the books with your cash. Be willing to lose about 30% by paying a sufficient amount of taxes.
Pretty sure cartels accept a 50% attrition rate as a success (or at least they did at some point)
Bars, nail salons, dry cleaners. Inflate the books with your cash. Be willing to lose about 30% by paying a sufficient amount of taxes.
Pretty sure cartels accept a 50% attrition rate as a success (or at least they did at some point)
Posted on 3/2/22 at 11:17 pm to Jim Rockford
quote:
You could probably spend 40-50k on gas and high end groceries in a year. You could launder a million dollars over 20 years that way without too much risk.
That’s kinda the starting point just curious as to other possibilities.
quote:
Any more than that and you'd attract IRS attention. They have economists who estimate what kind of lifestyle you can afford on a stated income.
Yeah but if you’re not “on the radar” they wouldn’t be going through your pantry and closets.
quote:
You could bury it somewhere, take up a treasure hunting hobby, go out with your metal detector and "find" it.
Seems like an excellent idea.
Posted on 3/2/22 at 11:18 pm to Havoc
Buy visa gift cards maybe?
Posted on 3/2/22 at 11:21 pm to John McClane
quote:
Start cash businesses.
Bars
I seem to remember some dude, maybe Mafia, getting busted because his inventory purchases didn't come anywhere near his claimed income.
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