Why the casino is a bad laundrymat

Rancho Cucamonga said:

One word, shell. Easiest way to do green laundry.

As for casinos, it's the worst place to attempt this or any other type of dealings because you have to do it in low amounts many times making the chances of getting caught near 100%. Even at the track. An old simple way was to have two people at roulette, one betting red one black. You could basically clean money at a 100% rate as long as it didn't hit 0 or 00. But the casinos are so tech smart now there are three sets of eyes everywhere, committing a crime at a casino is now basically like videotaping your crime and handing it in to police.

Art selling is a good trick.

Foreign banker(expect 25-35% fee) Off-shore Banking. The key is avoiding most paperwork.

But who honestly on here makes enough to need to do green laundry? I find this black briefcase section comical but interesting.,

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Ummm, I did. Granted there is not a lot of need for small timers to wash money however if you want to invest anything over 10 grand, it should be with clean money. It's not unusual for growers to make 100 grand a year. That is enough to buy a house. You can't just walk in and slap 100 large on the table with no explanation of where it came from. And to me and likely many others, that is very small potatoes. I owned 3 homes by the time I was 25 years old. Most 25 year olds I know still live at mommy and daddy's house but there are a few people out there with half a brain and want to improve their lives and create security for themselves in case something goes wrong. No body wants to lose everything they worked so hard to get. This section is for those people. Offshore banking only holds your money safely in places such as HRBC. They don't clean it.
As far as casinos: They work in the short term. Period. I'm confident in saying that I have more knowledge than most on this topic. I guess on the internet we can be anything we want but the truth is, I know my shit and I will gladly help anyone here that needs it

Just start buying and selling something stable on ebay like gold or silver or some other collectables. Of course your stock will grow, cash out when you want and pay your taxes Of course you will have to take the time to be operating another business basicly.

Start a business (lawn care or something) show expenses and money made(inflated), money is washed. You will be taxed but with a proof of income loans open up and your borrowing power increases as your equity grows.

rooky1985 said:

Start a business (lawn care or something) show expenses and money made(inflated), money is washed. You will be taxed but with a proof of income loans open up and your borrowing power increases as your equity grows.

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That is exactly right. As your credit increases you borrow larger amounts then pay down with cash. Use cash to renovate your home and make larger mortgage payments at the end of the year. Then sell your house after 2 years to avoid capital gains tax. You can wash a couple hundred thousand every 2 years this way. Pay contractors under the table for renovations then claim you did the work yourself. Between a personal business and home or 2, you can wash a million in 5 years. 1 million in a high interest savings account will bring you about 50 thousand a year before taxes. BOOM! Retired! The reason this doesn't succeed for some people is Ego. You have to set a goal and keep to it. Don't get greedy, don't be stupid and never ever tell anyone!. You can get a high interest savings account at HRBC or another offshore bank. (There are very few that won't comply with US law so do your research)

Here's my input on that , here how Europeans mob was laundering they money ..... they was looking for a country with poor internet security Africa or something and then they open a website with online casino and play there if they looses they show an income that they website made and if they won they show personal winning to tax collecting agencies , to my knowledge they doing that still but i can't be sure for certain .

Robfather said:

That is exactly right. As your credit increases you borrow larger amounts then pay down with cash. Use cash to renovate your home and make larger mortgage payments at the end of the year. Then sell your house after 2 years to avoid capital gains tax. You can wash a couple hundred thousand every 2 years this way. Pay contractors under the table for renovations then claim you did the work yourself. Between a personal business and home or 2, you can wash a million in 5 years. 1 million in a high interest savings account will bring you about 50 thousand a year before taxes. BOOM! Retired! The reason this doesn't succeed for some people is Ego. You have to set a goal and keep to it. Don't get greedy, don't be stupid and never ever tell anyone!. You can get a high interest savings account at HRBC or another offshore bank. (There are very few that won't comply with US law so do your research)

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please keep typing. dont ever stop. I could read your posts all day. seriously, you do know your shit and im learning lots from it <3