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Some exploits are sold bag of cash under a table. See e.g. https://news.ycombinator.com/item?id=20651607 https://news.ycombinator.com/item?id=20651607 Your hoo
by brohee 1y ago
Some exploits are sold bag of cash under a table. See e.g. https://news.ycombinator.com/item?id=20651607 https://news.ycombinator.com/item?id=20651607
Your hookers and blow dealers won't report you to the taxman.
- saagarjha 1y agoSure, but your car dealer will.
- bravesoul2 1y agoLol. HN the famously "confidently incorrect" forum especially on-coding topics is not my lawyer. And yeah if you want normal stuff like a house or car you'd need to wash the money. How do I know? Breaking Bad. Which lets be honest is probably for most of us, our only reference point here.
- idiotsecant 1y agoJust use your ill gotten gains slowly for your regular living expenses, or a portion of them. Let your legit money stack up. Don't cross contaminate the two. EZPZ very unlikely to get caught.
- XorNot 1y agoHey now, for me it was late primary or early secondary school and the book "45+47 Stella St and everything that happened"[1] [1] https://www.elizabethhoney.com/45--47-stella-street.html https://www.elizabethhoney.com/45--47-stella-street.html
- drdec 1y agoThe reason you do money laundering is because the source of the funds is illegal. If the source of the funds is legal, just claim it. There are plenty of occupations that get paid in cash and are expected to report it. The IRS isn't referring suspicious (whatever that means) tax returns to the authorities. What happens if you are a criminal is that the authorities have there attention on you because you are doing illegal things. One angle of attack for them is your finances. That is why money laundering exists.
- bravesoul2 1y agoMaybe the reason is the other way around. To convincingly wash money you need a legitimate looking shell business. And it needs to pay tax for the reason any other bsmusiness does.