Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: LurkerNoMore on October 22, 2024, 09:42:26 AM
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You find a suitcase of $1M and your Finders Keepers game is strong!
Now what? Asking after watching a Netflix show where the dudes millions sitting around. In today's age, it has to be pretty impossible to do so.
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Public works infrastructure projects. You could launder a hundred million if you wanted and never get caught
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Open a gym and create 100 fictional members at £50 a month thats 5k a month in the bank
Open a car wash washing 300 cars a week even though we only wash 20
Open a barbers doing 30 haircuts a week and say we did 300
Laundering money is piss easy these days
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Open a gym and create 100 fictional members at £50 a month thats 5k a month in the bank
Open a car wash washing 300 cars a week even though we only wash 20
Open a barbers doing 30 haircuts a week and say we did 300
Laundering money is piss easy these days
The car wash front was used in Breaking Bad.
I am sure the IRS flags these types of businesses and may audit. You better be able to cut hair. They could also ask around to determine how busy the barber shop was.
How were you able to open the car wash? Where did the money come from to buy or build the car wash? In Breaking Bad I seem to recall that they tried to buy it for a reasonable amount that they could claim was covered by savings. And they must have had proof of the savings.
If you have no savings and find $1 million in a suitcase, how can you provide proof that you used savings to acquire anything?
Another option is to buy a distressed property, and find contractors that are willing to work for cash and not report. Then you have them fix up the place. Learn some skills along the way. Then claim you did most of the work yourself. Of course, the IRS agents could ask the neighbors if any contractors came and went. Ideally the property would be out in the country where there are not a lot of witnesses.
You can pay for groceries and supplements in cash.
Pay restaurants with cash.
It's not that easy to launder money. An IRS audit could find holes easily.
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Public works infrastructure projects. You could launder a hundred million if you wanted and never get caught
Can you give an example of how that would work? Skeptical...
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The car wash front was used in Breaking Bad.
I am sure the IRS flags these types of businesses and may audit. You better be able to cut hair. They could also ask around to determine how busy the barber shop was.
How were you able to open the car wash? Where did the money come from to buy or build the car wash? In Breaking Bad I seem to recall that they tried to buy it for a reasonable amount that they could claim was covered by savings. And they must have had proof of the savings.
If you have no savings and find $1 million in a suitcase, how can you provide proof that you used savings to acquire anything?
Another option is to buy a distressed property, and find contractors that are willing to work for cash and not report. Then you have them fix up the place. Learn some skills along the way. Then claim you did most of the work yourself. Of course, the IRS agents could ask the neighbors if any contractors came and went. Ideally the property would be out in the country where there are not a lot of witnesses.
You can pay for groceries and supplements in cash.
Pay restaurants with cash.
It's not that easy to launder money. An IRS audit could find holes easily.
most UK town centres are now almost all Turkish Barbers, Sunbed shops, Vape Stores and Charity shops
Charity shops are a good option
Just keep putting money through the till saying you sold donated stock
There is no record of anything anyone donates at a charity shop
As for the IRS checking, fucks sake the police cant stop shoplifters there days, the IRS dont have the manpower to be checking all these barbers and car washes
The car washes are almost always migrants working there, no doubt illegally.
Think about some strores that are in shopping centres
The rents in those places are astronomical , you really think places like "Accesorise" are selling enough £1 a pair earrings to cover the rents every month
The Chinese medicine shops that popped up a few years ago were all money laundering, I came across that in my work.
as for any inital outlay you could get a business loan
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Small delis, pizza shops, barber shops, self serve laundry mats, and the $1 stores were/are the big ones in my area. I imagine weed and head shops are good for this too.
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You find a suitcase of $1M and your Finders Keepers game is strong!
Now what? Asking after watching a Netflix show where the dudes millions sitting around. In today's age, it has to be pretty impossible to do so.
I don't know but I would go to expert and convicted felon. Donald J. TRUMP, I'm sure he has vast experience in that field of endeavor. ;D
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I don't know but I would go to expert and convicted felon. Donald J. TRUMP, I'm sure he has vast experience in that field of endeavor. ;D
Both the Bragg and James' cases will be overturned. The appeal went horribly for the prosecution already in the James' case.
It's lawfare, don't fall for it.
Back on topic:
Casino? 10g at a time?
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Can you claim to have made it from bitcoin and just pay capital gains?
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Can you claim to have made it from bitcoin and just pay capital gains?
They’re going to need more proof than just your word, big guy!
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Just spend the cash on daily expenses like food, take a few vacations etc. Why would you need to launder it instead of just using as extra spending cash?
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They’re going to need more proof than just your word, big guy!
;D
I'm not a bitcoin expert. What does someone do if they've traded bitcoins anonymously and now they want to recoup their money? Is it really untraceable?
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;D
I'm not a bitcoin expert. What does someone do if they've traded bitcoins anonymously and now they want to recoup their money? Is it really untraceable?
I’ve got mine with Fidelity and Coinbase, and I believe they report everything to the IRS, so I give my CPA my statements
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Just spend the cash on daily expenses like food, take a few vacations etc. Why would you need to launder it instead of just using as extra spending cash?
a million quids worth of food and vacations?
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Lower the 1M as much as you can up front.
*Buy a near new car used and have them lower the value on the sale. Maybe it’s a 60k car for 10k sale invoice, easy peasy.
*Buy all new clothing.
*Buy new furniture, towels, plates etc
*Renovate house assuming you either want to live in it and/or can profit from it
Probably only 500k left now
Sell property for more since you renovated and buy a dump in a much better location. Dump 400k or so into that and live. Now you have 100k left spend over the next 5yrs or so on daily living things.
No magical laundering required and you can’t be found by audits.
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Lower the 1M as much as you can up front.
*Buy a near new car used and have them lower the value on the sale. Maybe it’s a 60k car for 10k sale invoice, easy peasy.
*Buy all new clothing.
*Buy new furniture, towels, plates etc
*Renovate house assuming you either want to live in it and/or can profit from it
Probably only 500k left now
Sell property for more since you renovated and buy a dump in a much better location. Dump 400k or so into that and live. Now you have 100k left spend over the next 5yrs or so on daily living things.
No magical laundering required and you can’t be found by audits.
This.
Just keep your day job. The worst thing you cold do is go out and buy flashy things. You can make $200k a year go by pretty easily on "experiences"
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form a C-Corp in Nevada
buy an 'aged' Wyoming Corp with that NV Corp
Wyoming Corp files a dba for 'consulting' nutrition, palm reading, whatever
hire yourself as an employee
deposit the $ gradually
pay yourself... pay taxes
leaving out some stuff
you can also use Art sales
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Local bitcoin and or local Monero. 10 people a day for 10k for 100 days.
Also, buy physical gold and silver.
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Open a gym and create 100 fictional members at £50 a month thats 5k a month in the bank
Open a car wash washing 300 cars a week even though we only wash 20
Open a barbers doing 30 haircuts a week and say we did 300
Laundering money is piss easy these days
how you gonna explain the $$$ used to open those business's genius?
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Lower the 1M as much as you can up front.
*Buy a near new car used and have them lower the value on the sale. Maybe it’s a 60k car for 10k sale invoice, easy peasy.
*Buy all new clothing.
*Buy new furniture, towels, plates etc
*Renovate house assuming you either want to live in it and/or can profit from it
Probably only 500k left now
Sell property for more since you renovated and buy a dump in a much better location. Dump 400k or so into that and live. Now you have 100k left spend over the next 5yrs or so on daily living things.
No magical laundering required and you can’t be found by audits.
You try paying for a car with 10k in cash, most dealers wont take it , they want card payments or bank transfers.
One they are wary of counterfiet cash and another they cant just put large cash deposits in the bank without it raising suspicion.
You even get question taking anything over 3k OUT the bank in the UK.
If I deposited 5k in cash in my account the bank inform the police
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Public works infrastructure projects. You could launder a hundred million if you wanted and never get caught
Dropping cash money into projects like this is risky.
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how you gonna explain the $$$ used to open those business's genius?
take a business loan
A car wash , all you need is some spare land (old garage forecourt) a couple of jetwash and some cloths and cleaning product
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Open a gym and create 100 fictional members at £50 a month thats 5k a month in the bank
Open a car wash washing 300 cars a week even though we only wash 20
Open a barbers doing 30 haircuts a week and say we did 300
Laundering money is piss easy these days
Opening businesses is easy. Until the IRS starts asking where the start up capital came from. Especially when there is no prior paper trial showing where the money came from. Remember, it dollar bills you found. If you deposit anywhere near that much in the bank, questions are going to come up.
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The car wash front was used in Breaking Bad.
I am sure the IRS flags these types of businesses and may audit. You better be able to cut hair. They could also ask around to determine how busy the barber shop was.
How were you able to open the car wash? Where did the money come from to buy or build the car wash? In Breaking Bad I seem to recall that they tried to buy it for a reasonable amount that they could claim was covered by savings. And they must have had proof of the savings.
If you have no savings and find $1 million in a suitcase, how can you provide proof that you used savings to acquire anything?
Another option is to buy a distressed property, and find contractors that are willing to work for cash and not report. Then you have them fix up the place. Learn some skills along the way. Then claim you did most of the work yourself. Of course, the IRS agents could ask the neighbors if any contractors came and went. Ideally the property would be out in the country where there are not a lot of witnesses.
You can pay for groceries and supplements in cash.
Pay restaurants with cash.
It's not that easy to launder money. An IRS audit could find holes easily.
Very good points here which I had already thought of. However, for the two in bold... see next reply.
Just spend the cash on daily expenses like food, take a few vacations etc. Why would you need to launder it instead of just using as extra spending cash?
When the IRS audits someone for suspected tax evasion / money laundering, not only do they look at what you bought (high purchases like vacations, tv/audio, cars, jewelry, etc..) but they also look at what you have NOT bought. If you are paying for your gas, food, dining out, etc.. with cash.. then your bank statements will not show any purchases for those items. So then you wind up getting questions like "does your car run on water?", "how come you so fat for someone that hasn't bought groceries or food in three months", etc... Remember a paper trail can help you just as much as it hurts you.
This. Low risk, long term is the best way to do it. Why risk your ass and ruin your quality of life doing some sketchy kurd/turk lowlife stuff.
If you did your fuel, bills, groceries/food, car purchase/maintenance, home renovation/maintenance work, holidays etc in cash, your legit money would all be stacking up nicely in your bank account for a home purchase down the line where you can smash out the renovation work with the dirty cash.
Problem is, while that legit money would be stacking up... you still have to eat, drive your car, etc..
Also, on the subject of going on vacations, it is pretty much the norm more often than not today that when you are in a foreign country and exchange currency, they ask for your passport and take your information. As much as I have traveled, I can tell you that many countries now won't let you exchange more than $300-$500 USD into their form of cash currency. (And the ones that do are mostly at the airports). If you wanted to get like $5000USD in foreign currency, they would send you to a bank or financial center and that place would give you the foreign currency, but they would not accept the $5000USD in cash. They would require you to use your bank card for a digital transfer to their business account rather than taking $5000USD in cash over the counter.
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how you gonna explain the $$$ used to open those business's genius?
(https://media.tenor.com/F38kltWwvYwAAAAM/idiot-congratulations-you-played-your-self.gif)
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Both the Bragg and James' cases will be overturned. The appeal went horribly for the prosecution already in the James' case.
It's lawfare, don't fall for it.
Back on topic:
Casino? 10g at a time?
Yeah, but they keep track of things like that. And if you get audited and can't show that you drew the money out of a legit savings or checking account, it won't look good.
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Can you claim to have made it from bitcoin and just pay capital gains?
If you show that you owned the BitCoin in the beginning and the original purchase of it.
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take a business loan
A car wash , all you need is some spare land (old garage forecourt) a couple of jetwash and some cloths and cleaning product
It's not that easy. And hard work to make it all stick and appear convincing under IRS scrutiny.
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Local bitcoin and or local Monero. 10 people a day for 10k for 100 days.
Also, buy physical gold and silver.
How do you go back to FIAT? Via local methods? Now you decide to buy a house or car. ISR agent wants to know where the money came from to buy the car or house. If you say the local Monero guy it won't go over well.
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(https://media.tenor.com/F38kltWwvYwAAAAM/idiot-congratulations-you-played-your-self.gif)
karen over here playing Grammar Police with her Jr. Woodchuck badge
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If you show that you owned the BitCoin in the beginning and the original purchase of it.
All Bitcoin transactions can be traced by anyone. Good luck showing you mined or bought it in 2010.
Monero and Zcash are privacy coins with Monero offering the greatest amount of anonymity. But how do you get into Monero without leaving a trail? The most common way would be via a KYC exchange. You need to link your checking or savings account. Then deposit the cash in those accounts first. See where we're going with that. Won't work.
Some might say why not buy a few ASIC miners and solar panels in cash, and then try and mine Bitcoin. Well, you won't make a lot of money that way. Bitcoin mining is expensive. You might end up losing $500,000 before you know it. And those ASIC devices will be useless once newer and faster models come out. They can only do one thing and that is mine BTC. The IRS agent could also ask how you paid for the solar panels or ASIC devices. They might ask to see your email messages with the eBay or Craigslist sellers.
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how you gonna explain the $$$ used to open those business's genius?
It's businesses. And if you wanted to indicate the possessive form of a business it would be: "The business' income." Not the business's income.
<fortress>Look into it</fortress>
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My good friend here in Ft. Lauderdale owns two bars. One directly on the beach. He has told me that today, the people that get into the bar business as a bar owner are people that are looking to make money. Up until 2015, the people that got into the bar business was people that already HAD money was looking to wash it. It was primary cash business, so you could skim off the top with under reporting it, or you could launder more money through the business in the way of phantom sales in order to make it legit.
Today, it is the opposite because so many people pay with their card, phone, watch, etc.. He said that up until 2018, he was going to the bank every morning to deposit a sack full of cash in the drop box. 365 deposits a year. Today, he goes to the bank at least 3 times a week to withdraw cash instead, usually $10K at a time so that he has cash in the business safe to be able to tip his bartenders and servers out each night. He pays their tips in cash each night although like many other places, he is considering just cutting them a check every two weeks for it instead. It is easier, but a lot of bartenders don't like that. LOL
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All Bitcoin transactions can be traced by anyone. Good luck showing you mined or bought it in 2010.
Monero and Zcash are privacy coins with Monero offering the greatest amount of anonymity. But how do you get into Monero without leaving a trail? The most common way would be via a KYC exchange. You need to link your checking or savings account. Then deposit the cash in those accounts first. See where we're going with that. Won't work.
Some might say why not buy a few ASIC miners and solar panels in cash, and then try and mine Bitcoin. Well, you won't make a lot of money that way. Bitcoin mining is expensive. You might end up losing $500,000 before you know it. And those ASIC devices will be useless once newer and faster models come out. They can only do one thing and that is mine BTC. The IRS agent could also ask how you paid for the solar panels or ASIC devices. They might ask to see your email messages with the eBay or Craigslist sellers.
This is true. The anonymous nature was ended when they killed Silk Road.
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Here are some ideas:
https://www.tookitaki.com/blog/5-methods-that-modern-money-launderers-use-to-beat-detection
Traditional Money Laundering Techniques
Common money laundering techniques include the following:
Structuring or Smurfing
Smurfing involves breaking down large amounts of money into smaller, less suspicious amounts. These small sums are then deposited separately to avoid drawing attention.
Shell Companies
Shell Companies are fake companies set up purely to handle money. On paper, they might seem like they're offering a service or product, but in reality, they roexist just to move money around without drawing suspicion.
Offshore Accounts
Criminals stash their illegal earnings in foreign banks. This way, the money is away from prying eyes and under different regulations, making it hard to trace.
Real-Estate Laundering
Buying property with illicit money is another method. Once bought, the property can be sold, turning the 'dirty' money into 'clean' profit from the sale.
Casino Laundering
Gamblers use illicit funds to buy casino chips, play for a bit, and then convert the chips back to money, making it seem like genuine gambling winnings.
Gambling
Using illicit money to gamble online or offline and then claiming the proceeds as genuine gambling winnings.
Bank Laundering
Sometimes even banks are involved, either willingly or unknowingly. Large transactions are disguised as genuine business deals, hiding the illicit origins.
Trade-Based Laundering
This involves over or under-invoicing for goods and services. By manipulating prices, money launderers can move money across borders without suspicion.
Cash Smuggling
As simple as it sounds, this is just physically moving cash to a different location, often across borders.
Front Companies
These are genuine businesses that also deal with illegal funds. They blend legal and illegal money to make everything seem legitimate.
Round Tripping
Money is sent out of a country and then quickly sent back, disguised as foreign investment, thus appearing clean.
Digital Money Laundering Methods
As technology advances, so do the methods criminals use. The digital age has given rise to a set of new money laundering techniques, many revolving around the internet and cryptocurrencies. Some of the modern money laundering techniques include:
Cryptocurrency Mixing or Tumbling
Criminals use services that mix potentially identifiable cryptocurrency funds with others, making it difficult to track them.
Layering through Cryptocurrencies
Just like smurfing but in the digital world. Small crypto transactions are made to mask the actual amount being transferred.
Read More: Money Laundering via Cryptocurrencies: All You Need to Know
Peer-to-Peer (P2P) Exchanges
These are platforms where one can buy or sell cryptocurrencies directly with other individuals, often without needing to provide personal information.
Privacy Coins
Some cryptocurrencies, like Monero or ZCash, are designed to be private and untraceable. They're perfect for those wanting to hide their transactions.
Shell Companies with Cryptocurrency Accounts
Combining the old with the new: shell companies now sometimes deal solely in cryptocurrencies, making detection even harder.
Online Gambling
Just like traditional gambling but online. Criminals use illegal funds to play online games or bet, then withdraw their 'winnings,' making the money appear legitimate.
Initial Coin Offerings (ICOs) and Token Sales
Criminals invest illicit money into new cryptocurrency startups. Once the tokens or coins increase in value, they sell them, turning the illicit funds into genuine investment returns.
Microtransactions
Tiny digital transactions, especially in online games or apps, can be used to move money without raising suspicions. By making thousands of these small transactions, significant amounts can be laundered.
Digital Payment Platforms
Platforms like PayPal or other online payment systems can be used to move money. By disguising transfers as genuine payments for goods or services, illicit funds can be hidden.
Dark Web Marketplaces
The hidden parts of the internet, known as the Dark Web, have marketplaces where illegal items, from drugs to weapons, are sold. Money can be laundered through these platforms, often using cryptocurrencies.
Digital Art and NFTs
Recent trends include buying digital art or NFTs (non-fungible tokens) with illicit funds. Once their value increases, they can be sold, making the money appear as legal earnings from investments.
Online Marketplaces
Sites like eBay or Amazon can be used to sell items at inflated prices to move money. By buying these overpriced items, criminals can transfer money without raising suspicion.
Digital Identity Theft
This involves stealing someone's online identity to conduct financial transactions, thus diverting the attention from the actual perpetrator.
Blockchain Anonymizers
Services that help in making blockchain transactions anonymous, further complicating the tracing process.
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Open a barbers doing 30 haircuts a week and say we did 300
Do you have 300 receipts? All barber shops I have gone to provide a receipt.
If you claim $50,000 income but only have receipts for 100 haircuts, did you charge $500 per hair cut? Also now you have to go cut a 100+ people's hair. No thanks that sucks.
I think a better way is to learn how to do electrical, plumbing, mechanical and carpentry work and then fix places up via cash payments to contractors. You could also go into a deal with a friend or relative who have and can prove their savings - and ask them to fund the purchase of a property. Then you take care of all the cash payments for the contractors. You claim you did the bulk of the work. You would still need receipts for the hardware and materials required. If you have the skill to perform the work yourself and can back it up then it would be plausible that you did the work yourself. But, witnesses might claim there were a ton of contractors working on the site. Which would blow your cover story.
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You try paying for a car with 10k in cash, most dealers wont take it , they want card payments or bank transfers.
One they are wary of counterfiet cash and another they cant just put large cash deposits in the bank without it raising suspicion.
You even get question taking anything over 3k OUT the bank in the UK.
If I deposited 5k in cash in my account the bank inform the police
You buy from a private sale. Cash is exchanged all the time as are the sale prices altered from the actual. Down here I sold a 100k car and wrote down 8k for the registration slip, no issues at all.
I sold a car for cash and had the guy come to my bank with me and deposit it into my account so it could be verified as legit. Zero issues. If the seller accepts cash it becomes their problem not yours, you bought the car for for 10k remember?
Sellers need to be wary of this stuff, not the buyer. The buyer is squeaky clean. Perhaps the seller will use the cash to pay for another car? Holiday? Renovations etc. don’t overthink it.
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My good friend here in Ft. Lauderdale owns two bars. One directly on the beach. He has told me that today, the people that get into the bar business as a bar owner are people that are looking to make money. Up until 2015, the people that got into the bar business was people that already HAD money was looking to wash it. It was primary cash business, so you could skim off the top with under reporting it, or you could launder more money through the business in the way of phantom sales in order to make it legit.
Today, it is the opposite because so many people pay with their card, phone, watch, etc.. He said that up until 2018, he was going to the bank every morning to deposit a sack full of cash in the drop box. 365 deposits a year. Today, he goes to the bank at least 3 times a week to withdraw cash instead, usually $10K at a time so that he has cash in the business safe to be able to tip his bartenders and servers out each night. He pays their tips in cash each night although like many other places, he is considering just cutting them a check every two weeks for it instead. It is easier, but a lot of bartenders don't like that. LOL
If the bartenders get paid in cash but live in a fancy house, how can they prove how they bought the house? And they would have to deposit the cash into accounts. Where did all this cash come from? They might get away with it and never receive an IRS audit. But they could get caught as well. It's not a sure bet.
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I sold a car for cash and had the guy come to my bank with me and deposit it into my account so it could be verified as legit. Zero issues. If the seller accepts cash it becomes their problem not yours, you bought the car for for 10k remember?
But where did your 10k originally come from. Did it grow from a tree? Did you earn it? Why was it not reported on your income tax documents?
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When the IRS audits someone for suspected tax evasion / money laundering, not only do they look at what you bought (high purchases like vacations, tv/audio, cars, jewelry, etc..) but they also look at what you have NOT bought. If you are paying for your gas, food, dining out, etc.. with cash.. then your bank statements will not show any purchases for those items. So then you wind up getting questions like "does your car run on water?", "how come you so fat for someone that hasn't bought groceries or food in three months", etc... Remember a paper trail can help you just as much as it hurts you.
There's always the option to become an anorexic. Then you could convince them you barely ate any food. Oh wait....! Then you really would not be buying food with cash - lmao!
How about learning how to get excess food from restaurants and then occasionally go there so the staff knows you're trying to get food. Then you tell the IRS agents you lived off free food and water. And have witnesses that saw you ask for food. Or frequent a food bank / soup kitchen every now and then. This still requires work. ;D
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Why would I launder it? I would spend it as cash and no one’s the wiser. Very easy.
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Why would I launder it? I would spend it as cash and no one’s the wiser. Very easy.
On what? If you want the money to work for you as an investment you have limited options. Spending just for the sake of spending is just a waste.
And if you spend it on a $20k motorcycle, how did you pay for that motorcycle? Cash! Ok, where did you get that cash?!
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Small delis, pizza shops, barber shops, self serve laundry mats, and the $1 stores were/are the big ones in my area. I imagine weed and head shops are good for this too.
How can you tell a Deli, pizza shop, or barber are fronts for money laundering? What are the tell tale signs?
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You buy from a private sale. Cash is exchanged all the time as are the sale prices altered from the actual. Down here I sold a 100k car and wrote down 8k for the registration slip, no issues at all.
I sold a car for cash and had the guy come to my bank with me and deposit it into my account so it could be verified as legit. Zero issues. If the seller accepts cash it becomes their problem not yours, you bought the car for for 10k remember?
Sellers need to be wary of this stuff, not the buyer. The buyer is squeaky clean. Perhaps the seller will use the cash to pay for another car? Holiday? Renovations etc. don’t overthink it.
I once tried to buy a car for cash and the seller (dealership) wouldnt take it
I wouldnt trust someone giving me 100k cash, it could be littered with fake notes, imagine sitting there going through 100k in $10 and $20 notes
Many shops and stores in the UK wont even take £50 notes for fear of them being fakes
I used to work at a factory in 1983, we used to get paid in cash but nothing higher than a £10 note (before online banking of course), I once tried to give the canteen lady a £20 note and she said "where did n you get that from, this company only pays out £10 notes"
There are still very few £50 notes in physical circulation as most are hoarded and kept
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Do you have 300 receipts? All barber shops I have gone to provide a receipt.
If you claim $50,000 income but only have receipts for 100 haircuts, did you charge $500 per hair cut? Also now you have to go cut a 100+ people's hair. No thanks that sucks.
I think a better way is to learn how to do electrical, plumbing, mechanical and carpentry work and then fix places up via cash payments to contractors. You could also go into a deal with a friend or relative who have and can prove their savings - and ask them to fund the purchase of a property. Then you take care of all the cash payments for the contractors. You claim you did the bulk of the work. You would still need receipts for the hardware and materials required. If you have the skill to perform the work yourself and can back it up then it would be plausible that you did the work yourself. But, witnesses might claim there were a ton of contractors working on the site. Which would blow your cover story.
never had a receipt from a barbers in my life
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On what? If you want the money to work for you as an investment you have limited options. Spending just for the sake of spending is just a waste.
And if you spend it on a $20k motorcycle, how did you pay for that motorcycle? Cash! Ok, where did you get that cash?!
Everything I have I bought cash. No one asks a god damn thing. All my watches bought cash, vehicles, etc… investments made in other peoples names, all easy shit to do to get around the man. I’ve been audited 3-4 times now. As I say prove it.
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How can you tell a Deli, pizza shop, or barber are fronts for money laundering? What are the tell tale signs?
their pizzas are shit and the driver has a Ferrari
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Flip a house and use cash to pay for the renovations. Pay the contractors in cash. Restore an old car, pay for all of it in cash. Sell the car when done.
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Everything I have I bought cash. No one asks a god damn thing. All my watches bought cash, vehicles, etc… investments made in other peoples names, all easy shit to do to get around the man. I’ve been audited 3-4 times now. As I say prove it.
Burden of proof lies with you, the cops seize assets of criminals all the time, if they cant justify were they got the money to buy it they dont get it back
If cops pulled you over in the car with a lot of cash they would expect you to be able to tell them how you came about it, telling them to fuck off wouldnt cut it.
I knew a guy years ago he had 3 cars seized, Range Rover, Sierra Cosworth, cant remember the other
Cops said how did you afford them, he said "keep them, I will get some more" ;D
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Burden of proof lies with you, the cops seize assets of criminals all the time, if they cant justify were they got the money to buy it they dont get it back
If cops pulled you over in the car with a lot of cash they would expect you to be able to tell them how you came about it, telling them to fuck off wouldnt cut it.
I knew a guy years ago he had 3 cars seized, Range Rover, Sierra Cosworth, cant remember the other
Cops said how did you afford them, he said "keep them, I will get some more" ;D
Ive been audited four times now, my lawyer smoked them. They could t prove a god damn thing.
I like that last line,”keep them I will get some more” haha.
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Flip a house and use cash to pay for the renovations. Pay the contractors in cash. Restore an old car, pay for all of it in cash. Sell the car when done.
Yeah it’s all pretty easy shit.
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Ive been aufmdited four times now, my lawyer smoked them. They could t prove a god damn thing.
because you could account for the money,
if you work and get paid in cash then its fine, My wages go straight in the bank, I would struggle justifying a large cash sum I had if it hadnt come from a legit source
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Ive been audited four times now, my lawyer smoked them. They could t prove a god damn thing.
I like that last line,”keep them I will get some more” haha.
Hankins, Esq?
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Hankins, Esq?
Hahaha I will say when it comes to the irs,dor and cops I have no respect. I show them none whatsoever and I say whatever I like to them and it seems to work. When you truly don’t give a fuck nothing matters.
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because you could account for the money,
if you work and get paid in cash then its fine, My wages go straight in the bank, I would struggle justifying a large cash sum I had if it hadnt come from a legit source
I’d say half my money is gambling and buying and selling things cash wise. I usually claim around 150k on tax returns give or take, yet they said you have over 100k in withdrawals at the casino. My answer was yeah I do. I say find it,show it,prove it. They usually move on to some bigger fish. I’m no big fish, you give them enough things to fact check and they don’t even bother. They move on. I’m not saying one day they won’t bury me but I’m pretty good at this shit.
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If the bartenders get paid in cash but live in a fancy house, how can they prove how they bought the house? And they would have to deposit the cash into accounts. Where did all this cash come from? They might get away with it and never receive an IRS audit. But they could get caught as well. It's not a sure bet.
No they don't live in fancy houses. Usually a roommate situation or with their parents. They realize they can't work a job where they are on their feet all day (or night) long and deal with drunks. So they are hording away for a nest egg later. My friend says that about 40% of the bartenders he hires are going through nursing programs and such. Once they graduate, they leave.
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Start a charity that accepts anonymous cash donations, then pay yourself a hefty salary as the head of the organization.
I think a lot of these so-called "charities" funnel more money into their own pockets than toward the actual cause. I've seen them throw extravagant fundraisers in fancy event halls which are owned by the same people who donate large sums and then charge for the venue. It's one big circle jerk. I think there's shady stuff going on behind the scenes under the guise of "charity" while they collect paychecks and dodge taxes.
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Flip a house and use cash to pay for the renovations. Pay the contractors in cash. Restore an old car, pay for all of it in cash. Sell the car when done.
Renovations and cars are moneypits. Maybe not the best investment.
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Renovations and cars are moneypits. Maybe not the best investment.
Agreed on cars, but how is a renovation a money pit? It can considerably increase the value of the asset.
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How do you go back to FIAT? Via local methods? Now you decide to buy a house or car. ISR agent wants to know where the money came from to buy the car or house. If you say the local Monero guy it won't go over well.
Once you obtain btc or monero you tumble it. A little at a time. Now you have untraceable crypto that you've been holding since forever that you finally want to cash out.
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Here are some ideas:
https://www.tookitaki.com/blog/5-methods-that-modern-money-launderers-use-to-beat-detection
Traditional Money Laundering Techniques
Common money laundering techniques include the following:
Structuring or Smurfing
Smurfing involves breaking down large amounts of money into smaller, less suspicious amounts. These small sums are then deposited separately to avoid drawing attention.
Shell Companies
Shell Companies are fake companies set up purely to handle money. On paper, they might seem like they're offering a service or product, but in reality, they roexist just to move money around without drawing suspicion.
Offshore Accounts
Criminals stash their illegal earnings in foreign banks. This way, the money is away from prying eyes and under different regulations, making it hard to trace.
Real-Estate Laundering
Buying property with illicit money is another method. Once bought, the property can be sold, turning the 'dirty' money into 'clean' profit from the sale.
Casino Laundering
Gamblers use illicit funds to buy casino chips, play for a bit, and then convert the chips back to money, making it seem like genuine gambling winnings.
Gambling
Using illicit money to gamble online or offline and then claiming the proceeds as genuine gambling winnings.
Bank Laundering
Sometimes even banks are involved, either willingly or unknowingly. Large transactions are disguised as genuine business deals, hiding the illicit origins.
Trade-Based Laundering
This involves over or under-invoicing for goods and services. By manipulating prices, money launderers can move money across borders without suspicion.
Cash Smuggling
As simple as it sounds, this is just physically moving cash to a different location, often across borders.
Front Companies
These are genuine businesses that also deal with illegal funds. They blend legal and illegal money to make everything seem legitimate.
Round Tripping
Money is sent out of a country and then quickly sent back, disguised as foreign investment, thus appearing clean.
Digital Money Laundering Methods
As technology advances, so do the methods criminals use. The digital age has given rise to a set of new money laundering techniques, many revolving around the internet and cryptocurrencies. Some of the modern money laundering techniques include:
Cryptocurrency Mixing or Tumbling
Criminals use services that mix potentially identifiable cryptocurrency funds with others, making it difficult to track them.
Layering through Cryptocurrencies
Just like smurfing but in the digital world. Small crypto transactions are made to mask the actual amount being transferred.
Read More: Money Laundering via Cryptocurrencies: All You Need to Know
Peer-to-Peer (P2P) Exchanges
These are platforms where one can buy or sell cryptocurrencies directly with other individuals, often without needing to provide personal information.
Privacy Coins
Some cryptocurrencies, like Monero or ZCash, are designed to be private and untraceable. They're perfect for those wanting to hide their transactions.
Shell Companies with Cryptocurrency Accounts
Combining the old with the new: shell companies now sometimes deal solely in cryptocurrencies, making detection even harder.
Online Gambling
Just like traditional gambling but online. Criminals use illegal funds to play online games or bet, then withdraw their 'winnings,' making the money appear legitimate.
Initial Coin Offerings (ICOs) and Token Sales
Criminals invest illicit money into new cryptocurrency startups. Once the tokens or coins increase in value, they sell them, turning the illicit funds into genuine investment returns.
Microtransactions
Tiny digital transactions, especially in online games or apps, can be used to move money without raising suspicions. By making thousands of these small transactions, significant amounts can be laundered.
Digital Payment Platforms
Platforms like PayPal or other online payment systems can be used to move money. By disguising transfers as genuine payments for goods or services, illicit funds can be hidden.
Dark Web Marketplaces
The hidden parts of the internet, known as the Dark Web, have marketplaces where illegal items, from drugs to weapons, are sold. Money can be laundered through these platforms, often using cryptocurrencies.
Digital Art and NFTs
Recent trends include buying digital art or NFTs (non-fungible tokens) with illicit funds. Once their value increases, they can be sold, making the money appear as legal earnings from investments.
Online Marketplaces
Sites like eBay or Amazon can be used to sell items at inflated prices to move money. By buying these overpriced items, criminals can transfer money without raising suspicion.
Digital Identity Theft
This involves stealing someone's online identity to conduct financial transactions, thus diverting the attention from the actual perpetrator.
Blockchain Anonymizers
Services that help in making blockchain transactions anonymous, further complicating the tracing process.
This is a great post.
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Sell yourself stuff Ebay greatly marking up the price. Set up po boxes in various cities. Let's say 10. Use those as the return addresses. Sell "rare" power tools...Pokémon cards whatever. Sell it to yourself. Money will be put on temp debit cards to pay for the imaginary goods. They money is washed through ebay. You will have to pay taxes though for the amount flowing through Ebay.
My local BTC and Monero idea followed by tumbling is the best. You never have it on you. All you need is your digital keys.
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When the IRS audits someone for suspected tax evasion / money laundering, not only do they look at what you bought (high purchases like vacations, tv/audio, cars, jewelry, etc..) but they also look at what you have NOT bought. If you are paying for your gas, food, dining out, etc.. with cash.. then your bank statements will not show any purchases for those items. So then you wind up getting questions like "does your car run on water?", "how come you so fat for someone that hasn't bought groceries or food in three months", etc... Remember a paper trail can help you just as much as it hurts you.
Buy a box of ramen noodles and a bigmac once per week on your debit card.
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Only 1 million dollars?
Well, you should have gone to TD Bank
https://www.cnbc.com/2024/10/10/td-bank-3-billion-fine-doj-settle-money-laundering-drug-cartel.html
(https://stories.td.com/volumes/default/article/amcblogo.jpg)
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Only 1 million dollars?
Well, you should have gone to TD Bank
https://www.cnbc.com/2024/10/10/td-bank-3-billion-fine-doj-settle-money-laundering-drug-cartel.html
(https://stories.td.com/volumes/default/article/amcblogo.jpg)
Hahahahhaa
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When I lived in Rochester NY a not very close friend of mine, Albert Ranieri, was involved in one of the biggest Brinks truck robberies in history. You can find all about it online.
https://spectrumlocalnews.com/nys/rochester/news/2024/04/16/albert-ranieri--armored-truck-heist-driver-and-convicted-murderer--released-from-prison (https://spectrumlocalnews.com/nys/rochester/news/2024/04/16/albert-ranieri--armored-truck-heist-driver-and-convicted-murderer--released-from-prison)
I knew Albert because we were both racing cyclists.
What is interesting is how Albert tried to hide or get rid of the money that was his share. He was being tailed by the FBI for a while and he got so scared he actually started burning it in a fire pit behind his house, lol. The rest he tried laundering with a local lawyer, also a sleaze like Albert. Unfortunately for Albert he ended up doing a hit for the lawyer and ended up in prison- only to be released this April.
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You buy from a private sale. Cash is exchanged all the time as are the sale prices altered from the actual. Down here I sold a 100k car and wrote down 8k for the registration slip, no issues at all.
I sold a car for cash and had the guy come to my bank with me and deposit it into my account so it could be verified as legit. Zero issues. If the seller accepts cash it becomes their problem not yours, you bought the car for for 10k remember?
Sellers need to be wary of this stuff, not the buyer. The buyer is squeaky clean. Perhaps the seller will use the cash to pay for another car? Holiday? Renovations etc. don’t overthink it.
Listen you little wannabe
I am involved in the car trade and if someone comes in with more than 8k cash it’s likely they’ll call the cops
Oh yeah private sale from. Random dude who definitely won’t talk hah
Little bitch
Edit: just breaking balls but dealers will call cops on you they’re told to here anyway…
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never had a receipt from a barbers in my life
But did they have a receipt? The barber might not give you one, that doesn't mean he does not have one. I go to a franchise and sometimes pay for a haircut in cash. Other times with a credit card. I never take a receipt from them but they have one on their system. Coffee places will sometimes ask me if I want the receipt. I say no. But they have it in their system since I used a card.
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But did they have a receipt? The barber might not give you one, that doesn't mean he does not have one. I go to a franchise and sometimes pay for a haircut in cash. Other times with a credit card. I never take a receipt from them but they have one on their system. Coffee places will sometimes ask me if I want the receipt. I say no. But they have it in their system since I used a card.
Usually they (barbers) don’t even have card machines in Ireland…not enforced. Hmmmm
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Usually they (barbers) don’t even have card machines in Ireland…not enforced. Hmmmm
They will have some form of book keeping to appear legit. They can launder some money but need to appear legit to the taxing authorities.
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Sell yourself stuff Ebay greatly marking up the price. Set up po boxes in various cities. Let's say 10. Use those as the return addresses. Sell "rare" power tools...Pokémon cards whatever. Sell it to yourself. Money will be put on temp debit cards to pay for the imaginary goods. They money is washed through ebay. You will have to pay taxes though for the amount flowing through Ebay.
My local BTC and Monero idea followed by tumbling is the best. You never have it on you. All you need is your digital keys.
What if you're someone who does not have a lot of stuff to "sell" and find a suitcase with $1 million? What if you want to keep the "rare" power tools?
Your local Monero idea is interesting. But you may encounter shady characters intent on robbing instead of selling Monero. And how do you eventually convert the Monero to cash. And doing so means you just jumped from cash to Monero to cash and achieved nothing.
The goal is to transform / launder the $1 million into $1 million taxable income. Perhaps over 10-20 years. So $50,000-100,000 taxable yearly income.
Once this is done you can do anything you want with that money. Buy a house, car, etc. You have the tax filings to show how you earned and paid for it.
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The goal is to transform / launder the $1 million into $1 million taxable income. Perhaps over 10-20 years. So $50,000-100,000 taxable yearly income.
I own a business, could easily buy 100k per year in raw supplies/materials in cash to increase the business taxable income if that's the goal
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They will have some form of book keeping to appear legit. They can launder some money but need to appear legit to the taxing authorities.
Yes the female clients are put on the books
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Just like the mob you don't flash your money. No fancy cars or houses. Live small. Spend the money slowly. It would be nice if you could invest the whole one million to live off the capital gains. You can't do that with illegal money unless you're a politician. Then off shore non disclosure bank accounts are the way to go. Find a straw person to contribute the money under different names as campaign contributions. Campaign contributions and Foundations have very weak accounting rules that can be exploited. A foundation you can pay yourself as the head of the foundation any amount you want. You can use the money for travel, hotels, diners and building under the guise of running the foundation. Campaign contributions can be used for so many things that no federal law enforcement questions. Including no show well paid staff, travel, food, hotels and buildings.
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chuck some paint and dog shit on a canvas and anonymously buy it off yourself for $1million
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But where did your 10k originally come from. Did it grow from a tree? Did you earn it? Why was it not reported on your income tax documents?
You are overthinking it. Especially in the US where you lot are 100yrs behind the rest of us with digital payments and tracking. The fact is More people are caught doing shonky tax returns for dodgy shit than money laundering.
I’ve been audited 3 times by tax authorities and beaten them 3 times and I was messing with a whole bunch of shit. Play the game at the checkpoints. Buying a car for 10k cash doesn’t do jack but claiming depreciation on a car for tax purposes, then selling above its value and lodging that value with the buyer gets you caught because you didn’t claim the capital gain 😉
The key is to create an easy simple lie. Notice how most on here went down a path of a complex lie, many data checkpoints for getting flagged etc. meanwhile my strategy created 4 data points, car at a small buy value, a house for small value, a sale for renovated house but tax free gain as you live in it and then a new house buy value. Piece of cake for me. Likely big fines and charges for the rest with their thousands of data checkpoints.
The more checkpoints = more chances you stuff up. Hence simplest is best.
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You find a suitcase of $1M and your Finders Keepers game is strong!
Now what? Asking after watching a Netflix show where the dudes millions sitting around. In today's age, it has to be pretty impossible to do so.
Donate it to the Trump campaign.
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You try paying for a car with 10k in cash, most dealers wont take it , they want card payments or bank transfers.
One they are wary of counterfiet cash and another they cant just put large cash deposits in the bank without it raising suspicion.
You even get question taking anything over 3k OUT the bank in the UK.
If I deposited 5k in cash in my account the bank inform the police
I just forked out over 300k+ for a car and had to goto a branch in person to transfer that sort of money and go through a multitude of questions. Dealer said we won't accept more than 10k in cash.
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You become a
stripper bodybuilder and claim a rich arab schome has become your sponsor.
(https://www.getbig.com/boards/index.php?action=dlattach;topic=303632.0;attach=345412;image)
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The more you look at him, the worse it gets..
Scars in both delts from site injects, necrotic bicep, gut distension, diastasis..
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The more you look at him, the worse it gets..
Scars in both delts from site injects, necrotic bicep, gut distension, diastasis..
I think the worst bit is his trunks almost off while men touch him up
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You become a stripper bodybuilder and claim a rich arab schome has become your sponsor.
(https://www.getbig.com/boards/index.php?action=dlattach;topic=303632.0;attach=345412;image)
That bicep looks diseased.
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It's businesses. And if you wanted to indicate the possessive form of a business it would be: "The business' income." Not the business's income.
<fortress>Look into it</fortress>
yea in case you haven't norticed, I don't bother with proper grammer/spelling at times
not a 'big bust' that legit autistic Tard thinks he got. he's a 61yr old Jason Genova
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Washateria...lots of quarters...
Al Capone bought a dairy and sold milk.
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;D. ;D
Pay cash all the way.. Many ways to spend it on bills and daily use without causing attention.. First I would buy a large safe at cost co.. Pay cash for it.. Large safe the ones used to put rifles / weapons etc.. Put all the cash in there for safe keeping.. Deposit a couple of thousand every couple of months.. Nothing over $9,999.00.. Over $10,000.00 it triggers a red flag for fed investigation.. I would keep my full time job and max out my retirement contributions .. Stay under the radar while spending $1 million over the next 10 to 20 years..
(https://y.yarn.co/180b3c98-e322-400c-ba29-ec45a59f8edf_text.gif)
;D. ;D
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(https://i.postimg.cc/kGG102fb/45hw54ww45j4j45kwjsrth.jpg)
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;D. ;D
Pay cash all the way.. Many ways to spend it on bills and daily use without causing attention.. First I would buy a large safe at cost co.. Pay cash for it.. Large safe the ones used to put rifles / weapons etc.. Put all the cash in there for safe keeping.. Deposit a couple of thousand every couple of months.. Nothing over $9,999.00.. Over $10,000.00 it triggers a red flag for fed investigation.. I would keep my full time job and max out my retirement contributions .. Stay under the radar while spending $1 million over the next 10 to 20 years..
You need a safe that is waterproof and more important fire proof. I doubt if weapon safes can meet those requirements? Fire proof is a difficult one, only very expensive safes can meet certain fire / heat standards.
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You need a safe that is waterproof and more important fire proof. I doubt if weapon safes can meet those requirements? Fire proof is a difficult one, only very expensive safes can meet certain fire / heat standards.
whats the chances of your house burning down to the ground?
Very few houses are destroyed by fire, sure there are fires but statistically its very rare
If you are bothered that much about Fire then bury the money in the garden
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Can you give an example of how that would work? Skeptical...
So in public works contracts such as developing infrastructure for a new subdivision. Biding for the contract is really the only possible obstacle, and that’s just in making sure you get the low bid. Now you will just need to find your subcontractorssuch as concrete work, asphalt, water installation, sewer installation, electric and fiber then of course clean up and prep for building homes. The prep and clean up is where you create a sub in your brother in laws name and if the entire project is 15 million you could probably clean about 100 grand without raising suspicion. After completion of a few projects like this you’ll end up with a surplus of supplies which you’ll be able to use on new projects. For example, 1 joint of C900 water pipe is $150 a foot and a joint is 20’ so that comes out to 3 grand. If your job for a subdivision calls for 15000 ‘ of water pipe well just do the math. There are municipal inspectors but they pay absolutely no attention to this because they are very uninterested in where the material comes from and just concerned that the material is correct.
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One important thing to remember is that this is significantly easier in cities that are growing fast. And municipal auditors are so overwhelmed and underpaid that they really do not give two fucks.
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I would stay away from Bitcoin, even with tumbling it has been vulnerable to chain analysis for years now.
Monero is supposed to be fully anonymous except in highly specialised and unlikely situations.
Best not do anything illegal and have to worry about all this bullshit. Police, tax authorities, lawyers, other crims grassing you out...
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;D
I'm not a bitcoin expert. What does someone do if they've traded bitcoins anonymously and now they want to recoup their money? Is it really untraceable?
Yes, it is. If both the seller to you, and then the buyer from you are now known (ie peer to peer vs via a KYC institution), then yes, its not possible to trace the transaction back to you. (Same with gold).
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(https://static1.srcdn.com/wordpress/wp-content/uploads/2021/02/Goodfellas-Frankie-Carbone.jpg?q=50&fit=crop&w=825&dpr=1.5)
I`d just but whatever the fuck I wanted until they found my body on a meat hook in a refrigerated truck ! :D