What is a Typical Example of Money Laundering?
Money Laundering is viewed as illegal. What is one of the most common types of money laundering---is it to avoid paying taxes? Please give an example of how the criminal would attempt to do it.
Drug money...and this guy was almost president!!!!
http://www.veteranstoday.com/2012/10/17 … launderer/
The most typical way to launder money is to set up a legitimate business, cook the books so it looks like you've made more money than you have, and funnel these elicit gains through said legitimate business.
About any legitimate business will work, as long as you don't funnel more money than the authorities can believe the business could make.
It isn't done to avoid paying taxes. It is done so criminals can pay taxes on their elicit gains, so they don't wind up in prison for tax evasion.
For example, if the IRS can prove you've spent more on stuff: cars, houses, etc than you pull in over the course of a year, you're liable to wind up in prison like Al Capone.
However, if you have a legitimate business to funnel your money through, you can spend your Ill gotten gains.
by Mathi P 7 years ago
ha ha LOL - are u know ?
by Make Money 8 years ago
Feds Bust N.J. Officials - Mayors, Lawmakers, Rabbis Arrested"The politicians arrested were not accused of any involvement in the money laundering or the trafficking in human organs and counterfeit handbags."
by Dr Mark 19 months ago
Since Bank of America and Payoneer no longer accept payments from PayPal, as far as I know I would have to return to the US to open another US bank account. Are there any international hubbers that know of an US bank that works with PayPal and allows a new bank account to be opened without a...
by crankalicious 15 hours ago
How else do you explain his behavior over the past few days and in Helsinki? Why does he refuse to hold Putin and Russia responsible for interfering in our election? Why, whenever he's given the chance, does he describe Putin as a strong leader and criticize America?Here are a couple of links. The...
by SteppingForward 6 years ago
I am a stay at home mom whom is looking for a ways to earn legitimate money from home...Does anyone know of any?
by philli 5 years ago
Are there any truly legitimate, legal ways left to make money from home? If so, what do you suggest?I would love to stay at home with my son, but I have to pull in an income to make the ends meet. I would only need to make about $1600-$2000/mo when you consider the savings of not having to...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|