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> The goal of a money launderer is to launder as much as possible When does that goal compete with the equally efficient method of just lighting the cash on fi
by jgalt212 6y ago
> The goal of a money launderer is to launder as much as possible
When does that goal compete with the equally efficient method of just lighting the cash on fire?
The goal is also a place to store that laundered cash. When the time comes to take it out of storages, it's only worth 10 cents on the dollar, the whole the higher the price the better thesis falls apart.
- kareemm 6y agoLaundering assumes liquidity when the money is clean, otherwise it’s not laundering. Funnily 10c on the dollar might be worth doing if there are no other laundering methods available. It’s like investing - laundered money seeks the beat returns. And in the case of Vancouver the assets purchased with laundered money actually went up YOY. Seems like a good place to launder, no?
- winkeltripel 6y agoBut the point of the article is that by paying too much for the property, the launderer drives the price of the market higher.