Money Laundering method?

what if you made a fake eBay where anyone could sign up but you made a bunch of buyer and seller accounts, and declared your company an LLC and took a 15% commission off every sale, and you laundered money by transferring your own money to yourself, plus the 15% commission will show up as legal business income


Comments


[4 Points] AndThenHeSays4:

You will have to account for whatever you're selling. You sold a bunch of TVs? Where's the proof that you bought these TVs? Etc.

Basically, unless you spend as much time as a real business on setting up your money laundering scheme.... the IRS would tear you a new asshole in 5 minutes if they did an audit. And they will audit eventually if you're making over $100K a year doing this shit.

If you're making less than $100K a year doing whatever you're doing then this EBAY thing is just a waste of time IMHO. You can easily bullshit income less than $100K but over that and people will put eyes on you.


[6 Points] cougar_carman:

Could you give yourself donations on twitch.tv?


[3 Points] None:

Hey Walt....What not just make a fake cancer donation web site & donate the $$$$$ to yourself!!!!!!!!!! Go FUND yourself :-)


[2 Points] crystaldust:

https://www.fincen.gov/ is where you can e-file BSA (Bank Secrecy Act) forms like the voluntary Report of Cash Payments Over $10,000 Received in a Trade or Business (FinCEN Form 8300) This form should show you the necessary information the IRS would be looking for. Pay attention to what constitutes Cash as a retail transaction or bank draft is considered cash etc.. Also look at the Exceptions. Cash is not required to be reported if it is received:... if i where you i would do your ebay trading with foreign accounts or in another country because transactions outside of the united states do not need to be reported says form 8300. that or sell something digital or offer a digital service that is easy for you to fabricate like software. or maybe your a dj that gets large sums of money to play music in a another country ? just get creative.


[1 Points] None:

There are easier ways


[1 Points] NotABartard1:

I think getting an anonymous bank account is a lot simpler... just withdraw from ATM use cash only.