mjjason
Well-known member
There was an article in the wall street journal just last week on this. It was called micro-money laundering. Drug dealers setup thousands of accounts where they had people deposit up to 10K (legal limit before the bank has to review the transfer). When the people deposited the money someone would withdraw it from another country. In essence the money had now been laundered.
They busted 3 guys in Brooklyn with over 1.8m in cash. They had made over 1000 deposits in 3 days under various names.
As you would expect its illegal.
They busted 3 guys in Brooklyn with over 1.8m in cash. They had made over 1000 deposits in 3 days under various names.
As you would expect its illegal.
