Eli5 How do people launder money with art? 926 viewsJanuary 3, 2024 Question92.07K July 31, 2021 0 Comments 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? In: Other 22 Answers ActiveNewestOldest Anonymous Posted July 31, 2021 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. You are viewing 1 out of 22 answers, click here to view all answers. Register or Login
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