100% return in first week.....That is a sucker bet to gwb As of Friday morning, the website where you could buy the NFTs says the collection is sold out. The site says that 45,000 NFTs were created, 44,000 of which were available for purchase for $99 each. The NFTs now sell for at least around $200 on OpenSea, an NFT exchange site.
Let's take a further look at why the Trump NFT's were priced at $99 and people could only buy 100 of them max. "100 cards at $99 each amounts to $9,900 — or a mere $100 less than $10,000, the required limit that the Bank of Secrecy Act imposes on transactions that must be reported. “So he can get more than $4.3 million dollars and never have to disclose a single one of the transactions involved,” TizzyEnt explained." Trump's NFT's are just the latest grift from Trump and is arranged in a manner to hide the money and where it is going. So -- how is the DWAC stock going --- it is only a matter of days until these Trump NFT's are nearly worthless as well. Are Donald Trump’s NFT trading cards all just a money laundering scheme? https://wegotthiscovered.com/social...trading-cards-money-laundering-scheme-tiktok/
So the buyers don't have to report the purchase Not only did buyers doable their money , it was done tax free Theres a sucker born every minute
It is Trump that does not have to record and report the sales. Effectively hiding and grifting more money.
rules are rules Sometime the IRS will called a 9999 transaction am attempt to avoid the law...not so in this case If you drive 55mph you are legal..at 56mph you are breaking the law
In money laundering terms --- what Trump is doing is part of "layering". He is attempting to keep a set of transactions under $10,000 each in order to obtain a total sum of money which significantly more -- thereby trying to deliberately bypass bank reporting acts.
As I said in the post you replied to Sometime the IRS will call a $9999 transaction am attempt to avoid the law...not so in this case