Money Laundering

[GDP Broker]

I think a mmj dspensary is the perfect front. Going after it once I slip a venture capitalist on the know (rich friend) with that clean bank my dirty cash. Buy pre ico mmj in LA. Start slanging my own huge crop and then get the books a cookin.

What you guys think?

 

[dieselfan]

I think if you are going to start a business that sells weed the government may look closer into your personal life and maybe find your grow operation in the process. I am in my last year in business school at a good university doing a project on start up companies and i am researching fishing charters. You could claim to charge $200 dollars a person, 6 people a trip, 2 trips a day thats $2400 dollars a day if your running at full capacity and your could get a nice new toy in the process(sick boat)

 

[ElectricPineapple]

what about using a wholesale clothing company/ Horse Show Clothing booth type of front. you can have any amout of inventory at anytime( easily stored) and potentially could make several thousands a weekend. as a wholesale company you can do anywhere from 30,000- 100,000 in profit a weekend, depending on the show, it also wont show is the customers "pay" cash up front or COD. just figured an easy way to launder mass quantities at a time. theoretically this could work with any kind of wholesale company. but one with less inventory the better. plus all the inventory you buy for your "wholesale clothing" company, you can give to your wife or girlfriend or whatever. just fly out to L.A., san pedro market, wholesale clothes for cheap. take about 7 grand cash and spend away. then your set to deposit your money.

 

[DMG3528]

I think a "Spiritual Adviser" is the way to go.
Same line as the massage therapist except you don't need a license to operate.
Cash only, Reciept book, and lots of sinner's.
I like the idea of selling a service and not a product.

 

[ElectricPineapple]

ya but if you already had a similar business established, would something like that work? its been open for several years, so should have good trust from gov, since there is already credit line and fluctuating profits, no thanks to our wonderful economy right now. i dont mind paying the taxes on the money, since i could actually legally use it to buy the stuff i want/ bills etc. then stash the rest of it away for a " rainy day" when you need a lot of cash quick.

 

[Mattplusness]

smells like bacon

 

[Vansterdam]

Almost all of the ideas on this thread are quit comical...no offense, I know most of the bros are just throwing out ideas.

I'm not a commercial grower, but i know business. I've made money in Real Estate, investment banking and merchandising. First thing, if your lifestyle doesn't reflect your income, big time red flags will be raised (if you're a target of an investigation). So paying your bills with employment income and supporting your lifestyle with cash is never going to work in the long run...too many loose ends.

The best way to turn cash (regardless of where it's coming from) into legit wealth is in Real Estate. I've personally flipped 5 houses (legitimately). Here's how it goes. You buy a house as your principal residence that needs repair . You hire contractors to make repairs and pay cash for most (but not all), only you are the guy who did repairs as far as anyone is concerned. All materials are bought by you and you keep receipts. Over the span of 6 months or a year, you put a 100k into your house, of which 2/3 is labour and you increase the value by another 100k or more. Profit will not always be the same...but your investment will be reflected in the new value of the home. You sell the house and make your profit. You move onto a bigger project and so on. In 5 years you create a million or more from your Real Estate venture.

Keep tools in your garage and learn a thing or two about the reno business. When you sell your house, all funds are managed by Lawyers and your bank is in the loop.

The plan is fool proof not withstanding a few mistakes along the way. It really doesn't matter if the cash you are using comes from legitimate sources or not, there is no way for anyone to know, because you did the work yourself and the proceeds are as a result of sweat equity.

As mentioned, I've already done this with legitimate funds and actually did most of the work myself, but no one would have known if I hired out some or all of the work.

Clearly this strategy does not provide instant results that many may be looking for, but if you think like a businessman rather than a person with a hole burning in their pocket...you'll succeed in the long run and your wealth will be legitimate...

Hope this helps...

Cheers...

 

[ElectricPineapple]

ya i do like that idea. but it would be hard to do that if you wanted to own a house that you could grow year round. by putting that as the primary residence and then flipping it all the time you wouldnt be able to grow, especially if your going to have workers around. now if someone was to grow commercially for a couple of years, make the money they want to then go through that process, it would work, but to be able to have a steadier more frequent way to legitimize that mysterious cash.


i do not grow commercially but saw this thread interesting and decided to post in it. i have always had a knack of finding loopholes in things, so i figured i might be able to give some good ideas. but i do like the idea of selling a service rather and than products ie. spiritual advisor and such

 

[Day to Daze]

pay your bills with your wages (if you have a job) spend a lot of your drug money on whatever tickles your fancie (thats not too expensive so people dont ask questions) then with all the cash around Buy up gold ... silver etc ... bury it .. that way if the value of cash drops .. as its been known to do in the past.. (germany ww2 etc .. loaf of bread for 100000 etc.) then you can just use gold to trade or sell .. for little loss in value

as for buying large things boats cars houses... i would buy a second house ... fix it up like crazy .. build a pool ... extra rooms etc ... pay all the builders in cash ..then sell it a couple of years down the line ... then all the cash ends up in your bank ... then just do it all over again when you have too much cash ..

but i mean come on ... who makes that kind of money on here realy ... man at best i double my wages every week .. 3 plants every 3 weeks .. 6-10 oz a week .. sold 100pound an ounce .... grow it cut it dry it and its out the door with an ounce or so for me .. and with my extra cash every 3 weeks ... Poker ..250- 500pound cash games ... if i win well im up by thousands and i can get proof from the casino as to where the cash is from .. easy ..

 

[cptbass]

Here's a pretty easy way to keep your money in offshore accounts, only you don't get the interest. I keep all mine in an online poker account. With one call I can get it sent anywhere in the world anytime of day or night. I have it wire transfered to them under a false name using cash. They limit the amount you can deposit at first but soon you'll be able to send $1k a day. Never even played one hand of poker!!! If for any reason I ever need the money legit I cash out into my bank account and tell the IRS I won some big tournament. May have to pay taxes on it but so far so good. Hope it keeps working for me and helps anyone else...

 

[ElectricPineapple]

the only problem i see with that is, if you wanted to get acces to a lot of the money at once, say like 100k IRS would def investigate the so-called "winnings" from poker. if you said it was some tournament, then what one. why is there no documentation of you winning it. or even why you havent had any activity in your account other than depositing into it. what about the cash your pumping into it. how are you getting that to the poker.com people in cash without the gov/irs finding out

 

[ElectricPineapple]

haha ya i always find a couple of thousand dollars in my couch cushions. dont you? nah if you find a lot of money and claim it, you have to file a police report and such. if its a little then you dont need to legitimize it anyways. we are talking about lots of money, such as couple hundred thousand a year or such. so i dont always go on walks a find black briefcases full of cash

 

[thizz13]

Happens to me alot the I guess lucky me!!!

 

[ElectricPineapple]

haha definitely lucky you. i wish i had your luck. then id be driving me a BMW

 

[Big P]

I dont think you guys should break anymore laws than you need to. Just get everything form your regular job deposited in the bank and use the cash you have to pay your bills and expenses and splurges

pay you mortgage or rent and bills using money orders & cash,


if you make 50K a year, that is what you will have in the bank every year saved.

then take any exess cash you have if any and stash it. Then when you retire at 40 use the cash stashed away first, then once depleted move on to you huge saving where you put away 100% of you erning from you job

anyone asks how you manged to save evert penny of you income you tell them you let people stay at you house and they payed for everything


maybe you got good friends, who give you money, your allowed to give a friend up to $10K as a gift a and it is untaxable and but i think that person is supposed to report to the IRS that he gave you the gift or he will be taxed on the ten K he gave you.

 

[snizzim]

In that case if you have retired and your old you just start naming off dead friends...the IRS can't tax them...lol

 

[po'thead]

you could buy and sell musical instruments. Most quality orchestral string instruments are very old (100+ years), very expensive and appreciate in value very fast. a cello you buy for 60,000(low to mid range price) dollars could increase in value thousands of dollars a year.

 

[cptbass]

most of the poker sites are located offshore and will not work with the IRS or US government in anyway. Do a little research on each site they're all different. If nothing else it's a good way to deposit cash via money transfers and get back legit checks.

 

[Wordz]

Don't add bleach when laundering your money but borax works wonders.

 

[ElectricPineapple]

well if the poker site's servers were off shore and wont give up its information on its users and how much they deposit. then this could be a viable option. and i like it because i actually do play poker, just not online. the only two things i see wrong still is, this being the US, they always get what they want. if they wanted the info bad enough, theyll find a way to get it. also the government can still track money orders