Difference between revisions of "Talk:Money laundering"
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==Washing money in the drug trade== | ==Washing money in the drug trade== | ||
| − | I have second-hand experience in this area, as I once knew a small-time drug dealer exclusively in weed. Funny enough, it wasn't drugs that connected us; rather, the fact that we both played Magic: the Gathering, yet he still told me plenty. Small-time drug dealers (<30k/year) such as him washed money via deposits and personal checks through legit friends in exchange for a 5% cut. That kept him out of the FDIC's business since he washed his money broadly and never anywhere near 10k at a time. Large drug dealers actually pay income taxes on it because the IRS tends not to ask questions if they get paid. | + | I have second-hand experience in this area, as I once knew a small-time drug dealer exclusively in weed. Funny enough, it wasn't drugs that connected us; rather, the fact that we both played Magic: the Gathering, yet he still told me plenty. Small-time drug dealers (<30k/year) such as him washed money via deposits and personal checks through legit friends in exchange for a 5% cut. That kept him out of the FDIC's business since he washed his money broadly and never anywhere near 10k at a time. Large drug dealers actually pay income taxes on it because the IRS tends not to ask questions if they get paid.--[[User:Pious|Pious]] ([[User talk:Pious|talk]]) 03:29, 1 November 2016 (EDT) |
Latest revision as of 07:29, November 1, 2016
Washing money in the drug trade
I have second-hand experience in this area, as I once knew a small-time drug dealer exclusively in weed. Funny enough, it wasn't drugs that connected us; rather, the fact that we both played Magic: the Gathering, yet he still told me plenty. Small-time drug dealers (<30k/year) such as him washed money via deposits and personal checks through legit friends in exchange for a 5% cut. That kept him out of the FDIC's business since he washed his money broadly and never anywhere near 10k at a time. Large drug dealers actually pay income taxes on it because the IRS tends not to ask questions if they get paid.--Pious (talk) 03:29, 1 November 2016 (EDT)