Originally posted by: sao123
besides theft... how exactly is money "illegally obtained"?
Originally posted by: sao123
besides theft... how exactly is money "illegally obtained"?
Originally posted by: sao123
besides theft... how exactly is money "illegally obtained"?
Originally posted by: junkerman123
For example, in the movie Mickey Blue Eyes, the Mafia put up a painting by one of the mob bosses for auction. Then, they had one of the mafia dudes purchase the crappy painting for a ridiculous amount of money, like several million dollars. This money is now legitimate earnings for the painter of the painting, so it's totally clean, legal money, as opposed to the dirty money it was before.
Originally posted by: MrChad
Originally posted by: sao123
besides theft... how exactly is money "illegally obtained"?
Drugs, extortion, black market sales, etc., etc.
Originally posted by: IcebergSlim
Originally posted by: junkerman123
For example, in the movie Mickey Blue Eyes, the Mafia put up a painting by one of the mob bosses for auction. Then, they had one of the mafia dudes purchase the crappy painting for a ridiculous amount of money, like several million dollars. This money is now legitimate earnings for the painter of the painting, so it's totally clean, legal money, as opposed to the dirty money it was before.
that isnt money laundering.
Originally posted by: sao123
besides theft... how exactly is money "illegally obtained"?
Originally posted by: sao123
so is this more of a secondary crime --a crime always accompanying another greater charge? -- You're already going to jail for several years, lets make sure its even longer...
or is this more of a "we cant prove you committed the real crime, so well arrest and convict you on this one." and you go to jail anyways...
Originally posted by: sao123
so is this more of a secondary crime --a crime always accompanying another greater charge? -- You're already going to jail for several years, lets make sure its even longer...
or is this more of a "we cant prove you committed the real crime, so well arrest and convict you on this one." and you go to jail anyways...
Originally posted by: brandonbull
Originally posted by: IcebergSlim
Originally posted by: junkerman123
For example, in the movie Mickey Blue Eyes, the Mafia put up a painting by one of the mob bosses for auction. Then, they had one of the mafia dudes purchase the crappy painting for a ridiculous amount of money, like several million dollars. This money is now legitimate earnings for the painter of the painting, so it's totally clean, legal money, as opposed to the dirty money it was before.
that isnt money laundering.
if the painter then pays some of the money back to the mob, it is.
Originally posted by: sao123
so is this more of a secondary crime --a crime always accompanying another greater charge? -- You're already going to jail for several years, lets make sure its even longer...
or is this more of a "we cant prove you committed the real crime, so well arrest and convict you on this one." and you go to jail anyways...
Originally posted by: rgwalt
For most small time people, like local drug dealers (think weed here), the people open up a legitimate business and actually hire a couple of people. A common one is a lawn care service, since they "cut the grass". The idea is that the service does a small amount of legitiment work, enough to pass unnoticed, but claims some or all of the revenue from drug sales as profit, which is then reported to the IRS and can be deposited in the bank. So, you end up paying taxes on the money, but the money is "clean". That is, you don't have to conduct all your transactions in cash, and you don't have to explain the source of the money itself.
R