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.
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.
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.