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If the normal buyers are only willing to pay $13k I don't see how it makes sense to pay $1.5 million to launder money. That's a big loss you'll have to take.
by cinntaile 5y ago
If the normal buyers are only willing to pay $13k I don't see how it makes sense to pay $1.5 million to launder money. That's a big loss you'll have to take.
- rightbyte 5y agoThe seller is a co-conspirator? The loss is only the auction house fee in that case.
- cinntaile 5y agoBut if you use dirty money to buy a good, it doesn't magically turn into clean money. A possible scenario could be where the buyer has clean money and wants to pay the seller for services by bidding way too much for a rare game. It doesn't make too much sense though because now your transaction is under scrutiny by the entire world?
- MiddleEndian 5y agoHiding in plain sight! The perfect plan!
- herbst 5y agoNot when you have bazillions of ways to do that without being in plain sight. NFTs seem to better fit this need, and even then I don't get why people always assume it has to do with black money
- ipaddr 5y agoThat's hundreds of thousands of dollar to pay in fees.