Money laundering

[curiousmind]

Hi,

I used to work at a casino, and there was training on how to file certain forms if a person showed up with a lot of cash and had some pattern of betting. I wasn’t involved in the training, but what is the point of that?

I understand it has something to do with money laundering.. but how does it work? If a person comes in with 100k cash, how would winning or loosing some of it be a warning sign or make the bettor any better off?

Why do they even need to legitimize it? Couldn’t they just go pay cash for a house and turn it into a rental? Sorry if this is a dumb question, but I am really into investigative stuff. How do they catch these money launderers, does it have to do with the serial numbers on bills?

[SD Realtor]

Rich what were you saying about allowing anonymous posting?

[SD Realtor]

Rich what were you saying about allowing anonymous posting?

[SD Realtor]

Rich what were you saying about allowing anonymous posting?

[SD Realtor]

Rich what were you saying about allowing anonymous posting?

[SD Realtor]

Rich what were you saying about allowing anonymous posting?

[Doofrat]

They don’t have any visible source of income, so they can’t buy anything that will leave a trail for the Feds to follow (boats, cars, houses, travel, etc…). If you show no income and purchase a $400,000 sports car, at some point, the Feds will come looking for you. They won’t bust you for the source of your illicit activities if they can’t find it, but no worries, they’ll bust you for tax evasion.

If you’re making half a million a year from that pot farm in Fallbrook, buying non traceable things gets old after awhile (furniture, drugs, hookers, etc..) well maybe it doesn’t get too, but you probably get my point.

You need to legitimize this I’ll gotten gain by basically showing a source for it and paying tax on it.

You can run it through the casino because there’s no record of how much you spent, only a record of how much you won over a certain amount (at least at the track where I used to work, I don’t know about casinos). You run $100,000 through in a weekend and keep $50,000, that’s $50,000 you can spend on a car or house without getting busted cause, hey, you won it at the casino, you must a been lucky.

Another thing is you can start a misc. Appliance repair shop, or even a laundromat. If all your transactions are cash, then it’s really hard to track how much business you did. You just dump your drug money and claim it came from customers, get taxed on it, and buy a house, sports car, boat, whatever.

The SDPD helicopters that they just replaced had come from a drug kingpin who had a bunch of assets including those two helicopters, but no job or source of income. Had he had a vacuum repair shop, he’d probably still flying them around.

Hope this helps 🙂

[Doofrat]

They don’t have any visible source of income, so they can’t buy anything that will leave a trail for the Feds to follow (boats, cars, houses, travel, etc…). If you show no income and purchase a $400,000 sports car, at some point, the Feds will come looking for you. They won’t bust you for the source of your illicit activities if they can’t find it, but no worries, they’ll bust you for tax evasion.

If you’re making half a million a year from that pot farm in Fallbrook, buying non traceable things gets old after awhile (furniture, drugs, hookers, etc..) well maybe it doesn’t get too, but you probably get my point.

You need to legitimize this I’ll gotten gain by basically showing a source for it and paying tax on it.

You can run it through the casino because there’s no record of how much you spent, only a record of how much you won over a certain amount (at least at the track where I used to work, I don’t know about casinos). You run $100,000 through in a weekend and keep $50,000, that’s $50,000 you can spend on a car or house without getting busted cause, hey, you won it at the casino, you must a been lucky.

Another thing is you can start a misc. Appliance repair shop, or even a laundromat. If all your transactions are cash, then it’s really hard to track how much business you did. You just dump your drug money and claim it came from customers, get taxed on it, and buy a house, sports car, boat, whatever.

The SDPD helicopters that they just replaced had come from a drug kingpin who had a bunch of assets including those two helicopters, but no job or source of income. Had he had a vacuum repair shop, he’d probably still flying them around.

Hope this helps 🙂

[Doofrat]

They don’t have any visible source of income, so they can’t buy anything that will leave a trail for the Feds to follow (boats, cars, houses, travel, etc…). If you show no income and purchase a $400,000 sports car, at some point, the Feds will come looking for you. They won’t bust you for the source of your illicit activities if they can’t find it, but no worries, they’ll bust you for tax evasion.

If you’re making half a million a year from that pot farm in Fallbrook, buying non traceable things gets old after awhile (furniture, drugs, hookers, etc..) well maybe it doesn’t get too, but you probably get my point.

You need to legitimize this I’ll gotten gain by basically showing a source for it and paying tax on it.

You can run it through the casino because there’s no record of how much you spent, only a record of how much you won over a certain amount (at least at the track where I used to work, I don’t know about casinos). You run $100,000 through in a weekend and keep $50,000, that’s $50,000 you can spend on a car or house without getting busted cause, hey, you won it at the casino, you must a been lucky.

Another thing is you can start a misc. Appliance repair shop, or even a laundromat. If all your transactions are cash, then it’s really hard to track how much business you did. You just dump your drug money and claim it came from customers, get taxed on it, and buy a house, sports car, boat, whatever.

The SDPD helicopters that they just replaced had come from a drug kingpin who had a bunch of assets including those two helicopters, but no job or source of income. Had he had a vacuum repair shop, he’d probably still flying them around.

Hope this helps 🙂

[Doofrat]

They don’t have any visible source of income, so they can’t buy anything that will leave a trail for the Feds to follow (boats, cars, houses, travel, etc…). If you show no income and purchase a $400,000 sports car, at some point, the Feds will come looking for you. They won’t bust you for the source of your illicit activities if they can’t find it, but no worries, they’ll bust you for tax evasion.

If you’re making half a million a year from that pot farm in Fallbrook, buying non traceable things gets old after awhile (furniture, drugs, hookers, etc..) well maybe it doesn’t get too, but you probably get my point.

You need to legitimize this I’ll gotten gain by basically showing a source for it and paying tax on it.

You can run it through the casino because there’s no record of how much you spent, only a record of how much you won over a certain amount (at least at the track where I used to work, I don’t know about casinos). You run $100,000 through in a weekend and keep $50,000, that’s $50,000 you can spend on a car or house without getting busted cause, hey, you won it at the casino, you must a been lucky.

Another thing is you can start a misc. Appliance repair shop, or even a laundromat. If all your transactions are cash, then it’s really hard to track how much business you did. You just dump your drug money and claim it came from customers, get taxed on it, and buy a house, sports car, boat, whatever.

The SDPD helicopters that they just replaced had come from a drug kingpin who had a bunch of assets including those two helicopters, but no job or source of income. Had he had a vacuum repair shop, he’d probably still flying them around.

Hope this helps 🙂

[Doofrat]

They don’t have any visible source of income, so they can’t buy anything that will leave a trail for the Feds to follow (boats, cars, houses, travel, etc…). If you show no income and purchase a $400,000 sports car, at some point, the Feds will come looking for you. They won’t bust you for the source of your illicit activities if they can’t find it, but no worries, they’ll bust you for tax evasion.

If you’re making half a million a year from that pot farm in Fallbrook, buying non traceable things gets old after awhile (furniture, drugs, hookers, etc..) well maybe it doesn’t get too, but you probably get my point.

You need to legitimize this I’ll gotten gain by basically showing a source for it and paying tax on it.

You can run it through the casino because there’s no record of how much you spent, only a record of how much you won over a certain amount (at least at the track where I used to work, I don’t know about casinos). You run $100,000 through in a weekend and keep $50,000, that’s $50,000 you can spend on a car or house without getting busted cause, hey, you won it at the casino, you must a been lucky.

Another thing is you can start a misc. Appliance repair shop, or even a laundromat. If all your transactions are cash, then it’s really hard to track how much business you did. You just dump your drug money and claim it came from customers, get taxed on it, and buy a house, sports car, boat, whatever.

The SDPD helicopters that they just replaced had come from a drug kingpin who had a bunch of assets including those two helicopters, but no job or source of income. Had he had a vacuum repair shop, he’d probably still flying them around.

Hope this helps 🙂

[Rich Toscano]

[quote=SD Realtor]Rich what were you saying about allowing anonymous posting?[/quote]

Well I actually thought it was an interesting thread…

Rich

[Rich Toscano]

[quote=SD Realtor]Rich what were you saying about allowing anonymous posting?[/quote]

Well I actually thought it was an interesting thread…

Rich

[Rich Toscano]

[quote=SD Realtor]Rich what were you saying about allowing anonymous posting?[/quote]

Well I actually thought it was an interesting thread…

Rich

[Rich Toscano]

[quote=SD Realtor]Rich what were you saying about allowing anonymous posting?[/quote]

Well I actually thought it was an interesting thread…

Rich

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