5 ms·
I don't think this is what's happening, but I think this is the model. I have a super Mario cartridge. I also have a lot of drugs (or whatever) that I'd like t
by jfoutz 5y ago
I don't think this is what's happening, but I think this is the model.
I have a super Mario cartridge. I also have a lot of drugs (or whatever) that I'd like to sell, but I don't have a distribution network, so I have to sell at a wholesale price. I put up the proxy object for auction. You bid far more than we think anyone would pay for the proxy object, and you win. We've made separate arrangements for the drugs (or whatever) so you already have them, or will get them soon.
Now I have a pocket full of legitimate cash. I think there's some biases stuck in American minds about Al Capone. He was a bad guy that did lots of illegal things. But his downfall was tax evasion. This approach gives me a reasonable explanation for all that money, and I can pay taxes on it, so I _appear_ to be an upstanding member of society.
- casefields 5y agoThe one problem with this theory is why not launder $1.5 million through a boring painting by a C-list painter, rather than a headline grabbing newsworthy object? It seems like unnecessary risk that'll attract IRS attention.
- ipaddr 5y agoIt feels more like a marketing move.
- herbst 5y agoThis assumes moving money is hard, when it really is not. If you go for such an effort and risk visibility why not just go with some shell companies, crypto or investments that arent bound to end up in every second newspaper?