Eli5 How do people launder money with art?

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Why do people buy huge canvases with a few dots on from an arts unheard of for millions? I know it’s commonly used to launder money. Can someone explain how the process works?

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Anonymous 0 Comments

Remember, the point is to turn this money into taxable income. I run an art studio and could claim art sales on a Schedule C. Boom. Clean income.

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