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That's not money laundering either :) If anything, whoever is donating the 100k now needs to explain where that money came from. Uncle Jimmy's nephew needs to d
by a2800276 4y ago
That's not money laundering either :) If anything, whoever is donating the 100k now needs to explain where that money came from. Uncle Jimmy's nephew needs to declare the money on his taxes.
- blowski 4y agoCheck out “layering”, which is a money laundering technique. The money trail here can be complex, something like this but with extra intermediary companies breaking it down and moving it around: Uncle Jimmy -> Casino high-rollers -> Casino -> Open Source Project -> Nephew -> Uncle Jimmy Paying taxes in the middle really helps clean the money as you now have an official government document recognising it. It’s a cost of doing business.