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You raise 3 million USD for your ICO, or NFT business. Instead of using money to run the business as advertised, you make a dumb, massively inflated purchase, f
by irthomasthomas 5y ago
You raise 3 million USD for your ICO, or NFT business. Instead of using money to run the business as advertised, you make a dumb, massively inflated purchase, from a friend, who secretly hands the money back to you.
Con complete. Game over. Insert coin to play.
- irthomasthomas 5y agoOr a regular business had a lot of cash on hand, and the CEO wants a chunk of that cash for himself, without doing lots of paperwork. He uses a friend, or a fake account to buy NFTs of some random dudes head. Later he sells them on to his business for a cool mill profit.
- missedthecue 5y agoHow does one buy an NFT with cash?
- missedthecue 5y agoThat's not money laundering.