The facts are in and you're an idiot. You continue to vote in these 'law and order' assholes and you've managed to turn the greatest country on the planet into a zoo. While the politicians, pharmaceutical CEOs, Big Oil and Wall Street bankers laugh all the way to their offshore bank accounts.

Wednesday, July 5, 2017

(How to) Money Laundering (for Dummies)

Money laundering is a series of financial transactions that are intended to transform ill-gotten gains into legitimate money or other assets.

It may seem suspicious if you start depositing large sums of cash directly into a bank or other financial institution. The money’s owner needs to create financial records showing where the money came from, this is done by simply running it through a number of legitimate businesses before depositing it, hence the term “money laundering.” Because the act is specifically used to hide illegally obtained money, it too is unlawful.

Over $300 billion is laundered each year in the United States alone. According to a 2009 study published by the United States Sentencing Commission, more than 81,000 people are convicted of money laundering on some level each year in the United States.

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