4 ms·
In addition to the obvious scams and microscratching, I’d be surprised if this wasn’t an avenue for organized crime to launder money. The store(s) get the sales
by Erlangolem 9y ago
In addition to the obvious scams and microscratching, I’d be surprised if this wasn’t an avenue for organized crime to launder money. The store(s) get the sales and a percentage, and the launderer gets clean money out of the other end.
- MrLeap 9y agoYou're right about this. There is a market for buying winning lottery tickets for more than their face value. Wonder why...
- r00fus 9y agoThat's why so many people are against any sort of gambling. It's essentially a laundering vehicle for organized crime (even state sponsored ones). Why do you think James Bond was always around a casino? Winnings can cleanly pay for hitjobs.
- DanBC 9y agoFixed Odds Betting machines are used for this in the UK. But in that case the money launderer doesn't even need to win, they just need a receipt showing they gambled. https://www.theguardian.com/uk-news/2013/nov/08/gambling-machines-drug-money-laundering-bookies https://www.theguardian.com/uk-news/2013/nov/08/gambling-mac... This is a long lasting problem that's led to fines for the industry: https://www.ft.com/content/b90289cc-1616-11e8-9376-4a6390addb44 https://www.ft.com/content/b90289cc-1616-11e8-9376-4a6390add...
- lstyls 9y agoWhitey Bulger, the famous South Boston mom boss, did exactly this: https://www.washingtonpost.com/archive/politics/1991/08/07/hitting-pay-dirt-in-southie-a-tale-of-the-14-million-split/4bb6c68b-9170-44b6-8d43-58a7885e0878/ https://www.washingtonpost.com/archive/politics/1991/08/07/h....