3 ms·
It's in vogue to describe a business you don't understand as "money laundering" even when you don't understand money laundering.
by jonknee 7y ago
It's in vogue to describe a business you don't understand as "money laundering" even when you don't understand money laundering.
- FrozenTuna 7y agoOk, but what about mattress stores? Are you telling me they aren't for money laundering?
- vageli 7y ago> Ok, but what about mattress stores? Are you telling me they aren't for money laundering? Margins are insanely high on mattresses. Why the connection to money laundering?
- velp 7y agoIt's become a meme, likely due to the clusters of mattress stores that seem to pop up despite zero customers.
- sp332 7y agoMattress Firm's parent company was up to some sketchy stuff. https://www.reuters.com/article/us-steinhoff-intlnl-ceo/steinhoff-says-probes-accounting-irregularities-ceo-resigns-idUSKBN1DZ31M https://www.reuters.com/article/us-steinhoff-intlnl-ceo/stei... The CEO resigned.
- jonny_eh 7y agoPlanet Money covered that: https://www.npr.org/sections/money/2018/12/13/676538506/why-are-there-so-many-mattress-stores https://www.npr.org/sections/money/2018/12/13/676538506/why-...