People always say mattress stores are shady and used for money laundering. Not totally sure I understand exactly what money laundering is. How would this occur at a mattress store?

Question

People always say mattress stores are shady and used for money laundering. Not totally sure I understand exactly what money laundering is. How would this occur at a mattress store?

In: 763

Answer 1

Furniture and mattresses have some of the highest markup in retail. Prices are negotiable on all of them. A customer may buy a mattress for $3400, but the books are “doctored” to show it was purchased for $5000. The laundered money will be put in to equal the $5000 selling price. Thus, the illegal money becomes legal. Watch Breaking Bad. 😀