Let’s say I have 500k in cash from fraudulent activities. It seems like I could just go to a casino and play games in a way that minimises my losses or even, if let’s say I was a big organisation, try to work with some casinos for them to launder my money for a lower fee.
I suppose there are rules in place to prevent this type of activities. But what are they? How is this prevented from happening? It seems like it’s really easy to launder money if I needed to
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sure, you can, and people actually do this
loose slot machines pay out up to 99 cents per dollar wagered
blackjack is like 98%
that gives you taxable income
generally if you have enough money to launder in such a way, paying 30-40% to do so isn’t that big a deal.
but $500k isn’t really a lot to have to launder it. is that a one time score?
if you have an illicit income then it’s time to start buying laundromats, nail salons, and car washes.
what’s the casino supposed to say? excuse me sir you’re losing too much money we just feel so bad we’re gonna have to ask you to leave.
again $500k isn’t a lot of money when you’ve got that much. it’s a lot when you don’t have it, not a lot when you do
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