The indictment alleges the conspiracy-fueled paper’s massive revenue growth in recent years was tied to the chief financial officer’s fraudulent “Make Money Online” team.
Just in case you weren’t being sarcastic please see my town of Vancouver and how many Chinese nationals have parked money in the real estate market so they have a slush fund to escape CCP oversight.
It was more of at on the right wingers they cater to. My only knowledge is the billboard they pay for, and the pair of articles I had to debunk because my q-addled uncle used it as a source for vax conspiracies
I agree I am not sure how to do this with a business that isn’t cash based. Pretty sure I could pull it off with say a restaurant or a barbershop or something that people use paper money for.
Also not sure how true this is but I heard from an accountant that if you run a legit cash business you are more likely to be audited compared to a money laundering scheme. Since a fake business can make itself look 100% statistically aligned with the models the IRS uses while a real business is much more likely to be slightly off.
Not super surprising. I figured it was just the plaything of a couple rich Chinese expats. Never let a good slush fund go to waste, am I right?
actually it is vaguely surprising. They know how to launder money?
Not very well, it would appear.
Ancient Secret Formula. /s
Just in case you weren’t being sarcastic please see my town of Vancouver and how many Chinese nationals have parked money in the real estate market so they have a slush fund to escape CCP oversight.
It was more of at on the right wingers they cater to. My only knowledge is the billboard they pay for, and the pair of articles I had to debunk because my q-addled uncle used it as a source for vax conspiracies
I agree I am not sure how to do this with a business that isn’t cash based. Pretty sure I could pull it off with say a restaurant or a barbershop or something that people use paper money for.
Also not sure how true this is but I heard from an accountant that if you run a legit cash business you are more likely to be audited compared to a money laundering scheme. Since a fake business can make itself look 100% statistically aligned with the models the IRS uses while a real business is much more likely to be slightly off.
Chinese laundry businesses have been around as long as Chinese in the Americas.