Silk Road forums

Discussion => Off topic => Topic started by: GottaDoIt on March 26, 2012, 10:01 am

Title: How do you launder money?
Post by: GottaDoIt on March 26, 2012, 10:01 am
This seems like a good place to ask, how do you launder money? Any ideas?
Title: Re: How do you launder money?
Post by: cache on March 26, 2012, 10:37 am
What sort of volume of money are you wishing to launder? That is what determines the method (I work in finance and can help).
Title: Re: How do you launder money?
Post by: GottaDoIt on March 26, 2012, 11:44 am
What sort of volume of money are you wishing to launder? That is what determines the method (I work in finance and can help).
I don't have a specific amount in mind. Although I was thinking maybe 2-3k USD a month, just a way for having a legal income to keep tax authorities at bay. Although potentially it could be up to 10-20k USD a month.
Title: Re: How do you launder money?
Post by: lolzer on March 26, 2012, 12:15 pm
open a club, bar, pizzeria or something like that. anything that involves you receiving cash from clients.
Title: Re: How do you launder money?
Post by: High Friend on March 26, 2012, 03:41 pm
This seems like a good place to ask, how do you launder money? Any ideas?

"Do we know any crack dealers? My cousins a crack head."

Sorry, had to throw the Office Space reference in there. You could always buy some MoneyPaks, convert to bitcoins, tumble, and cash back out (or buy shit on SR). At 10-20k a month you'd be talking about alot of moneypaks though. I'm not sure how to cash that much out without suspicion.
Title: Re: How do you launder money?
Post by: PiercePatchet on March 26, 2012, 05:35 pm
I was thinking about this the other day. If you have BTC you could convert to UKash (on here maybe?) to fund a bookmakers/casino online account. List of casinos/bookmaker - http://www.goonersguide.com/UKash_for_online_gambling.html/http://ca.advantagesportsbetting.com/betting-payment-options/ukash-sportsbooks.htm. Then withdraw via one of their payout options bank transfer, Western Union etc.

You have the advantage that you can claim the income as gambling wins. Depending on your country that might be tax free.

You might have to show the sites some sort of activity you might be able to get around that by betting both sides of a basketball/football game using the spreads. You'd probably lose about 2-5% per bet. Then you could more easily withdraw.

You'd probably have to use quite a few mtgox/other btc converting sites if your cash isn't in the form of btc already.

Hoped I helped.
Title: Re: How do you launder money?
Post by: Magnate on March 27, 2012, 01:27 am
Multiple cash intensive businesses seems the best way, e.g. window cleaning firms, construction etc. I'd imagine cash businesses that report high incomes would be suspicious as these business owners usually don't pay the bulk of their taxes...hence why starting multiple businesses with lower incomes would be preferable.

In any case, I'm not an expert and I would recommend seeking professional guidance from accountants/lawyers on how best to do it, perhaps this advice can even be exchanged anonymously.