Why is money laundering necessary?
In: Economics
Criminals are in even bigger trouble if they don’t pay taxes — that’s how the government finally got Al Capone, tax evasion.
Also, it allows criminals to live a normal life… show income so they can get a mortgage, get a car lease, have cash in the bank to use credit cards for purchases like a normal person. It’d look very odd/suspicious for somebody to want to buy a house with a briefcase of $100’s.
And it provides a plausible story for their spending… harder for a guy to explain his Escalade if he has no job than that he owns a successful bar or carwash.
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