And how do those at the top buy those mansions and estates. I can’t imagine they’ve got a mortgage nor can I imagine then paying in heaps of cash
In: Economics
They take their “dirty” money and spend it in small amounts at a legitimate business they own to make the money look like it came from a clean source.
Some examples from the show Breaking Bad:
Walt Jr sets up a charity donation website for Walt’s cancer treatment. Walt took his dirty money and had it “donated” by other people he works with that are difficult to trace to make it look like a legitimate donation, then deposits that “clean” money to use in legitimate ways.
They buy a car wash, let’s say they get 70 customers a day, on their books they would record say 80 customers, now the money from the 10 non existent customers is taxed and looks legit. They do it in small amounts to avoid suspicion.
It’s the same idea for Gus Fring and his restaurants. The show does a pretty good job of breaking down how the various players launder their money. There’s more but the show does a better job than I will.
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