4 ms·
A club is a great way to launder dirty cash without crossing borders. Just say that 500 people came last Friday and all paid a $50 cover. That's $25,000 USD lau
by 55555 11y ago
A club is a great way to launder dirty cash without crossing borders. Just say that 500 people came last Friday and all paid a $50 cover. That's $25,000 USD laundered and there's no easy way to prove after the fact that it didn't actually happen. If these imaginary people averaged three drinks each, that's another easy $15,000 laundered. Few other business models are able to charge so much for intangible value and maintain such high margins while being believable.
This, ofcourse, does nothing to explain why they'd need to pay famous people for appearances. I assume they do that because they expect to make money from it from real customers.