How do shell companies help with money laundering?
In: 70
Say for example you made $10,000 by selling drugs.
But you can’t put that $10,000 in your bank account or spend it on legit shit because IRS and other 3 letter agencies might notice big transactions, especially since they want you to pay taxes.
But if you owned a mattress store, you could write a receipt to someone for selling them 4 mattresses for $2,500 each. Boom there’s your $10,000 you earned by selling mattresses. Your money is now free and clear and it looks like you earned it at your mattress store. You might also hire a lackey to actually sell mattresses. Or maybe the mattresses don’t even exist and it’s all a sham. But either way – based on the receipts it looks like you earned the money in a legit way
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