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Discussion => Off topic => Topic started by: AstralMorrison on May 06, 2013, 10:30 pm

Title: Money Laundering In The Real World
Post by: AstralMorrison on May 06, 2013, 10:30 pm
I will soon be beginning a drug manufacturing operation which will net me a decent salary. I plan on laundering this money, but as I am not well versed in the subject of taxes and finances, I would like some advice from those who are. I expect my income to be anywhere from $30,000- $50,000 per year, but it could easily be more. What are the main techniques people laundering this amount use? I do not know anyone who owns a small business suitable for this action, so I would have to start my own. Although I did have (what I thought at least) was a pretty good idea a couple weeks ago; considering I am a musician, would laundering my money through falsified album/singles/merch sales on my website and fake gigs be a viable option? And of course I could always start an indy record label with my home recording studio and generate both clean and dirty money that way. But I digress, this is not my area of expertise, tell me, what are the possible routes I can take for a person in my situation?

(Also, any information about taxes for small businesses and the like would also be appreciated, as I definitely don't want to get audited.)
Title: Re: Money Laundering In The Real World
Post by: masterblaster on May 07, 2013, 02:12 am
look it up in a dictionary
Title: Re: Money Laundering In The Real World
Post by: g00se on May 07, 2013, 10:02 am
Businesses with large cash flow preferably selling services rather than goods. These should be cheap enough so you don't need records of customers, and this also ensures a probable reason for large cash flow rather than cards, or credit flow if you will.

Clipping hair, tattoos, massage, etc. Are traditional ways of doing it.

Another way, if you need it fast and easy- is to buy things with cash and sell it online for credit.
Title: Re: Money Laundering In The Real World
Post by: AstralMorrison on May 07, 2013, 12:29 pm

Another way, if you need it fast and easy- is to buy things with cash and sell it online for credit.

Yeah, I had considered that. Since I'll be saving most of my earnings anyway, I figured the money that I DO spend would be best laundered that way since it wouldn't be such exorbitant amounts. And then I'll just spend the dirty money when the op is shut down and after a bit of time anyway.