9 ms·
Why do you think it money laundering? What’s the exact mechanism?
by op00to 5y ago
Why do you think it money laundering? What’s the exact mechanism?
- hoseja 5y agoWell, the usual scheme is you just report inflated sales, no?
- op00to 5y agoI read a little further in the article and they mentioned that. Is it really that easy? I was hoping there was SOMETHING else besides just .. simple lying.
- ackbar03 5y agoI had the same confusion before. I had frequently heard of money laundering and how casinos were frequently associated with it and thought it was something sophisticated. Unless I'm mistaken, it really is as simple as having a significant amounts of cash exchange hands under plausible pretenses and lying about it. For casinos, you can buy chips, cash them out, and the money is u traceable (or something like that)
- objclxt 5y ago> Why do you think it money laundering? What’s the exact mechanism? https://www.youtube.com/watch?v=RhsUHDJ0BFM https://www.youtube.com/watch?v=RhsUHDJ0BFM Replace "nail salon" with "candy" and you're there. Candy is a great product for this because it's high-margin, and very low value.
- op00to 5y agoThank you! I think I was overthinking it a bit - looking for a deep, nefarious scheme when they're simply saying they sold 300 boxes of candy when they only sold 50, or whatever.
- bcraven 5y agohttps://www.reddit.com/r/london/comments/cnkcaz/private_eye_on_west_end_souvenir_shops/ https://www.reddit.com/r/london/comments/cnkcaz/private_eye_... It could be a similar to the technique used by trinket stores that was exposed by Private Eye.