@[email protected] to [email protected] • 10 months agoHe can't prove it?lemmy.caimagemessage-square87fedilinkarrow-up1460arrow-down124
arrow-up1436arrow-down1imageHe can't prove it?lemmy.ca@[email protected] to [email protected] • 10 months agomessage-square87fedilink
minus-square@[email protected]linkfedilink43•10 months ago Joe gives Kevin $1mil worth of Cocaine. Joe draws an ape in MS paint. Kevin buys the digital ape drawing from Joe for $1mil in Bitcoin. That is how you launder money with art and Bitcoin.
minus-square@[email protected]linkfedilinkEnglish20•10 months agoBecause it’s normally suspicious if someone gives $1mil for no reason, but if you know it’s for a monkey jpeg, then it’s normal.
minus-square@Sylvartaslink9•10 months agoI have no idea if it attracted the attention of any regulatory body but yeah that’s pretty much how it went down as far as I know
minus-square@[email protected]linkfedilink-7•10 months agoThat’s not how it goes. Laundering works because you don’t have to report the sale, you just have to report the income. If you can track the sale then laundering never will work.
That is how you launder money with art and Bitcoin.
Because it’s normally suspicious if someone gives $1mil for no reason, but if you know it’s for a monkey jpeg, then it’s normal.
I have no idea if it attracted the attention of any regulatory body but yeah that’s pretty much how it went down as far as I know
That’s not how it goes. Laundering works because you don’t have to report the sale, you just have to report the income. If you can track the sale then laundering never will work.
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