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Posted on 5/6/21 at 1:25 pm to upgrade
quote:
I always thought a taxi company would be a good laundering cover.
Any cash intensive business works as a money laundering front. I've always thought that one of those gas stations/convenience stores that doubles as a check cashing business would be one way to do it.
I have seen a case where a guy was using a construction company as a laundering front for selling cockfighting birds.
This post was edited on 5/6/21 at 1:26 pm
Posted on 5/6/21 at 1:26 pm to jbgleason
quote:
Mattress store based on all the ones around town that I never see customers in or around.
i know of a place that's having a big sale this weekend if anyone is interested, pm me.
Posted on 5/6/21 at 1:26 pm to VADawg
quote:
Any cash intensive business works as a money laundering front.
used to own a dry cleaners, I referred to it as the world's biggest ATM
Posted on 5/6/21 at 1:35 pm to VADawg
quote:
Any cash intensive business works as a money laundering front.
I don’t know anything about:
A. Running a business
B. Book keeping/accounting
C. Taxi cabs in general (expect for what I’ve seen on television)
D. Money laundering
But I assume even if it’s a mostly cash business, isn’t it easy to fudge the numbers if your business is a service provider rather than a retail?
I just assume it would be hard for someone to check your books if you’re audited and find mistakes in a business such as a taxi service, vs a business that has an inventory.
This post was edited on 5/6/21 at 1:38 pm
Posted on 5/6/21 at 1:36 pm to deltaland
It’s been working for centuries
Posted on 5/6/21 at 1:42 pm to deltaland
quote:
Thought popped in my head while discussing an idea of making smart collection plates with Bluetooth and WiFi capabilities so you can use a card or Venmo to tithe
As long as it tracks the payment to my kids names so I get the contribution discount on their tuition; I don't care how they collect it or what they do with it.
Posted on 5/6/21 at 1:42 pm to deltaland
I’ve heard Bishop Paul Morton’s car insurance claim was double that of his mansion after Katrina.
Posted on 5/6/21 at 1:43 pm to deltaland
quote:
Would building a church be the perfect money laundering front?
Posted on 5/6/21 at 1:44 pm to upgrade
quote:
I just assume it would be hard for someone to check your books if you’re audited and find mistakes in a business
As long as you never deposit the cash in the bank. One of their procedures will often involve adding up all of your deposits and seeing how that compares to the income you reported. There are additional steps after, but it's one of the initial steps they took on a friend's business
Posted on 5/6/21 at 1:47 pm to deltaland
Well, if you were gonna wash a good deal of money, a fruit stand, fireworks, snowballs, etc.
You need to be able to move lots of cash on a steady basis
You need to be able to move lots of cash on a steady basis
Posted on 5/6/21 at 1:48 pm to deltaland
quote:
Would building a church be the perfect money laundering front?
Congrats, you discovered the reason churches exists
Posted on 5/6/21 at 1:50 pm to Weekend Warrior79
quote:
One of their procedures will often involve adding up all of your deposits and seeing how that compares to the income you reported.
That's the entire point of laundering money. You clean it by reporting it as income so the point is to deposit it (from "legit" sales).
This post was edited on 5/6/21 at 1:50 pm
Posted on 5/6/21 at 1:50 pm to deltaland
quote:
All that cash in tithe plates that isn’t traceable plus a church doesn’t pay taxes
Ask this guy:
Posted on 5/6/21 at 1:54 pm to deltaland
quote:
guy said he sells 10k mattresses a year
$10k in mattresses maybe. No way that fricker sells almost 30 mattresses a day.
Posted on 5/6/21 at 1:54 pm to GumboPot
I definitely phrased that incorrectly. Should have said as long as you never deposit more cash in the bank than you report
Posted on 5/6/21 at 1:56 pm to deltaland
quote:
plus a church doesn’t pay taxes
I have heard this said and even said it before myself but what do people want church’s to pay taxes on?
They aren’t making any income it’s all donations
Posted on 5/6/21 at 1:56 pm to deltaland
quote:
Would building a church be the perfect money laundering front?
Ask Clemson donors.
Posted on 5/6/21 at 2:03 pm to deltaland
It was in Atlanta area for years
Posted on 5/6/21 at 2:07 pm to deltaland
Not necessarily money laundering, BUT, it worked for Cam Newton and Auburn!!
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