Boy hes a marketing whiz. He's about to get a 3.8 caravan enema.
I bet if I asked for a cashiers check and a bill of sale, he wouldn't do it. I have no need to launder drug money for someone. My brother used to buy cars at an auto auction and he said several guys would buy a row of cars at a time then pay with duffel bags of cash. He got out of the used car business and went into campers and ATVs.
Pay with dirty money and then sell them for clean money...even if there is some lossI'm naive. How does buying a bunch of junk cars help launder money. What do they do with them? Sell them and claim people paid 2-3x?
Pay with dirty money and then sell them for clean money...even if there is some loss
Yea idk I'm not an expert lol. I just watch movies. All I know is they usually get caught.How does that clean the money? It isn't like there's a marker on the money. I though the purpose of money laundering was to create a legitimate source of funds...that is a reason why you have the money you do. For instance, I can support the cash I have with a paystub and bank records.
But if I "found" $10K in money or gained $10K through profits from drug sales, I need something to support it. If I were to buy a ten of junk cars at $500 each and "claim" those are sold at $1,500 each, I now have $10K of clean money. I'll have to pay taxes on it, but the money is now clean.
Is this not the case?