View Single Post
  #32  
Old 03-02-2021, 02:58 PM
GeoPoto's Avatar
GeoPoto GeoPoto is offline
Ge0rge Tr0end1e
Member
 
Join Date: Dec 2018
Location: Saint Helena Island, SC
Posts: 1,403
Default

Quote:
Originally Posted by packs View Post
How do you guys figure money laundering over a card would work? Unless you're saying the seller was laundering money as well? In order to launder money both parties need to be in the know.
Perhaps they mean more like an alternative to secret off-shore accounts (assuming such things still exist). Once the money (post laundering, if appropriate) buys the card, the asset can be conveniently retained at a safe/secret location and perhaps beyond the reach of prying tax authorities, court judgements, ex-spouses, creditors, etc. Obviously the act of purchasing the card should create some trail, but over time the card may be easier to "hide" (or "liquidate") than bank/securities accounts. The card could also be used to pay for services on the "barter" economy.
Reply With Quote