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?
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Money laundering simply put is taking money you didn’t pay tax on…. And paying tax on it. That way it is “clean”
If i go around buying 1 million dollar mansions with dirty money someone will ask “where did you get that money” and then people will know i earned it illegally
Noe imagine i have a mattress store. I can write down in my accounts that i earn a lot more than i actually do. Many transactions are done by cash so there is no way to prove otherwise. I put my dirty money into my mattress store account and act like it is earnings. Pay tax on it and voila! The money is clean and can now be used.
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