Either that or contact Leo Getz.Method 1
Typical drug dealer method
1) get a million dollars ( how you do this is you own business.)
2) fly to the Grand Cayman islands and take your million with you.
3) Some banks in that area sell legitimate off-the-shelf corporations.(these are shell corporations or holding companies. some even come complete with a board of directors. Buy one of these corporations from the bank.
4) Open an account in one of those banks under the corporations name and deposit the remainder of your money.
5) enjoy the islands,get some sun and then go home.
6) When you arrive at home, "Borrow" a 100,000 from the corporation in the islands by wire transfer.( as sneaky as this sounds, this is totally legal.)
7) open a restaurant with a bar.
8) At the end of each month, take proceeds from whatever criminal thing you've got going on the side and deposit it in the bank as the take from the bar. It is a good idea to to over report how well you restaurant/bar is doing but not to get to greedy. The Internal revenue service takes a dim view of a pizza parlor that purports to do several hundred thousand dollars a month in revenue. If you don't get greedy you won't get investigated.They just don't have the manpower. It is also a good idea to plow some of the proceeds into the legitimate corporation too. If the company does well on it's own it can expand and offer more laundering potential.
9) Your criminal money is now clean as a whistle. Pay taxes on it.
Method 2)
the Loanback method:
1) a new jersey gambler has half a million dollars in profits salted away in a numbered Swiss bank account. He buys a string of car washes( another great way to over report potential sales) for 1 million financing it with 50,000 grand down and 450,000 with a legitimate first mortgage.
2) He "borrows" the other half million from his Swiss bank.
3) since he is borrowing his own money and repaying it as if it too is a legitimate loan that means he has interest charges. This charade allows him to pay himself the interest and deduct that same interest from his taxes. thus bringing the money back into the country.
4) once he has paid of his loan to himself he may re-lend it to himself.
Method 3)
The Money Broker shuffle
Problem:
Mr. A is a Colombian drug lord. He has a million dollars sitting in New York badly in need of deodorization.
Mr. B is a legitimate Colombian businessman who wants to buy a million dollars worth of U.S. computers but his government wants 21 cents for every dollar he buys with his pesos.
Solution: they hire a money broker who for a nominal fee will solve the problem.
1) the million dollars is "smurfed" or smuggled overland to an account in a Mexican bank.
("smurfing" is process of wire transfer of money in tiny chunks less than 10,000 dollars. this is effort intensive but necessary. Billions of dollars are wire transferred everyday but only transactions larger than 10 grand are documented by banking institutions. transactions smaller than this are fully covered under banking insurance thus larger transactions are carefully tracked in case something goes wrong.Law enforcement also does not possess the man power to check all these transactions and never will. this is an every damn minute,24 hour a day phenomenon.)
2) The broker writes a check for U.S. 1 million at a correspondent bank in New York city and gives it to XYZ computers.
3) XYZ computers ships Mr. B. his machines from its Panamanian free zone warehouse
4) Mr. B gives the money broker a million dollars worth of pesos.
5) Pesos become squeaky clean pocket change of Mr. A. Annual loss of revenue to Colombian government 6-8 billion dollars.
Method 4)
The Omnibus account method:
Swiss banks (and others I'm sure.) maintain what is known as "omnibus accounts" at American brokerage houses. This make it easy for Mafiosi to purchase American blue chip stock anonymously. Naturally, if they make a profit they pay no capital gains taxes on it because there are no records in the U.S. tying them to the stock purchases and the Swiss banks are bound by their laws not to reveal the names of their investors. this enables them not only to make money but to manipulate the market by buying large blocks of stock through the banks and then exercising their proxies, enabling them to determine who will be on the board of directors and who will be C.E.O.
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