U.S. is good place for bad people to stash their money

Discussion in 'Wall St. News' started by dealmaker, Jul 14, 2017.

  1. dealmaker

    dealmaker

    [​IMG] [​IMG]

    U.S. is good place for bad people to stash their money
    When Viktor Bout—the arms dealer extraordinaire who inspired the 2005 Nicolas Cage movie Lord of War—sought to set up anonymous shell companies, according to a Senate panel, he turned to, of all places, the U.S. “In some places [in the U.S.], it’s easier to incorporate a company than it is to get a library card,” said Joseph Spanjers of the think tank Global Financial Integrity last year, describing the ease with which anyone could set up a shell company. (Atlantic)
     
  2. drm7

    drm7

    Or do what the Chinese do, and launder it via bitcoin/ethereum/etc.
     
  3. java

    java

    ah I'm just small time. Used autos, auto salvage, scrap, very easy to make just enough to make dirty money clean and it's all totally taxed.
     
  4. ElCubano

    ElCubano

    Laundering is making money gained illegally seem legal. At most bitcoin can add to layering but definitely cant make illegal money legal.