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OfflineOverdoseLiving
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Launder money by claiming you found gold nuggets?
    #10445393 - 06/03/09 12:24 AM (14 years, 11 months ago)

Can you buy gold nugs from somebody then claim you found them and clean 10 or s g's this way?


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OfflineXis10tialist
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Re: Launder money by claiming you found gold nuggets? *DELETED* [Re: OverdoseLiving]
    #10445684 - 06/03/09 01:49 AM (14 years, 11 months ago)

Post deleted by Xis10tialist

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OfflineOverdoseLiving
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Re: Launder money by claiming you found gold nuggets? [Re: Xis10tialist]
    #10445822 - 06/03/09 02:45 AM (14 years, 11 months ago)

Can you buy gold nuggets from somebody under the table with dirty money. Then maybe rent out a mine and "find" gold?

Might the IRS or who ever make you prove that there is gold there?

Might they look into it?

Ive thought of that since I was a kid...

LoL


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Invisiblememes
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Re: Launder money by claiming you found gold nuggets? [Re: OverdoseLiving]
    #10448869 - 06/03/09 05:05 PM (14 years, 11 months ago)

:rofl:

yeah!

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InvisibleTODAY
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Re: Launder money by claiming you found gold nuggets? [Re: memes]
    #10449140 - 06/03/09 05:52 PM (14 years, 11 months ago)

Funny you should mention this.  I thought of this too.  I'm sure there are WAY better ways to launder money though.  The only problem I have with this method is, how are you going to find a gold dealer that will accept large amounts of cash regularly and not ask questions or answer them if pressed by authorities?

If you are talking about $10k worth to launder, don't bother, just deposit it in your bank account.  As long as it is less than $10k, banks don't have to report it unless you give them cause to be supicious.  My bank has cash counters in the ATM now where you can deposit 40 bills of whatever value you choose per day.  I'd just do that if I wanted to do what you want to do.


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To engage in boisterous, drunken merrymaking.

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Invisiblemofo
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Re: Launder money by claiming you found gold nuggets? [Re: OverdoseLiving]
    #10449185 - 06/03/09 06:02 PM (14 years, 11 months ago)

If you do it, it would probably be a good idea to have some prospecting equipment on hand and some knowledge of how people actually do find gold in case the authorities come asking questions.  You probably could find successful prospectors looking to liquidate some product under the table though, so they can evade some taxes.  It could work.

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InvisibleautomanM
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Re: Launder money by claiming you found gold nuggets? (moved) [Re: OverdoseLiving]
    #10452208 - 06/04/09 05:30 AM (14 years, 11 months ago)

This thread was moved from Money Matters.

Reason:
I think you will get the responses you are looking for in the safety forum.

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OfflinePlastered marble
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Re: Launder money by claiming you found gold nuggets? (moved) [Re: automan]
    #10452307 - 06/04/09 06:13 AM (14 years, 11 months ago)

I'm not sure how this works in all states, but you'd have to get the mineral rights to your property.

But why launder money, there are so many legal ways to make huge amounts of money:
  • Selling art over the net.
  • Selling soda at a huge markup at some local event.
  • Massaging people.
  • Buying crap and selling it as antiques on eBay


and the band ... played ... on ... :wink:


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InvisibleStonehenge
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Re: Launder money by claiming you found gold nuggets? (moved) [Re: Plastered marble]
    #10453359 - 06/04/09 12:02 PM (14 years, 11 months ago)

Yeah, 10k is not a lot to launder and there are a million ways to do it. Just invent a business and declare it as income. Pay your taxes and unca sammy is happy with that. It's expensive to rent a mine and they can do chemical analysis to show where it came from if they wanted to go that far.

In my case, my recently departed uncle al left me a bunch of gold coins. He was a generous fellow. So when I sell them, I simply declare the appreciation from the time I received them to the time I sold them. I pay taxes on that and no problems about where it came from. They can always dig up uncle al and ask him but he isn't talking much these days. Plus I pay no taxes on the value of the gift. Gift taxes are the responsibility of the giver, not the receiver.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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OfflineOverdoseLiving
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Re: Launder money by claiming you found gold nuggets? (moved) [Re: Stonehenge]
    #10454906 - 06/04/09 04:04 PM (14 years, 11 months ago)

Doesnt there have to be a will for the coins to be legally yours?

I was also worried about some kind of testes to the gold, or like an inspector in the mine you know?

Ive always wondered how someone could clean like 20-25-30k in order to start a small business. Then run that legally so that it could lead into other legit businesses?


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InvisibleStonehenge
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Re: Launder money by claiming you found gold nuggets? (moved) [Re: OverdoseLiving]
    #10455166 - 06/04/09 04:51 PM (14 years, 11 months ago)

"Doesnt there have to be a will for the coins to be legally yours?"

Nope, anyone can give anyone a gift. It's your word against nobody's so who they gonna believe? Even if they think you are lying, they have nothing to go on.

"Ive always wondered how someone could clean like 20-25-30k in order to start a small business. Then run that legally so that it could lead into other legit businesses?"

Forget the gold mine, just invent a cash business and declare it as income. Or get some gifts from uncle al, aunt betsy or that  guy down the street who passed away.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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OfflineOverdoseLiving
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Re: Launder money by claiming you found gold nuggets? (moved) [Re: Stonehenge]
    #10455244 - 06/04/09 05:04 PM (14 years, 11 months ago)

Hmm, no offense but I will have to get that verified someday..

That could be useful.

What do you mean, invent a cash buisness, whats that?


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OfflinePlastered marble
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Re: Launder money by claiming you found gold nuggets? (moved) [Re: OverdoseLiving]
    #10458009 - 06/05/09 02:10 AM (14 years, 11 months ago)

Quote:

OverdoseLiving said:
Hmm, no offense but I will have to get that verified someday..

That could be useful.

What do you mean, invent a cash buisness, whats that?




BDSM out of your basement, massages, street performance, any of the other things from my post earlier ...

Hey, what about selling shitake's at a farmers market?

Edited by Plastered marble (06/05/09 02:59 AM)

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OfflineAlan RockefellerM
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Re: Launder money by claiming you found gold nuggets? [Re: OverdoseLiving]
    #10459903 - 06/05/09 01:20 PM (14 years, 11 months ago)

Quote:

Can you buy gold nugs from somebody then claim you found them and clean 10 or s g's this way?




I don't see why not.  In gold producing areas there are a lot of locals panning and dredging, they would probably be happy to sell it at the standard price to someone with cash.

But there must be easier ways. Is it illegal to find a lot of money?  What type of taxes would you be required to pay in that case?

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Offlinesupra
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Re: Launder money by claiming you found gold nuggets? [Re: Alan Rockefeller]
    #10461346 - 06/06/09 02:16 PM (14 years, 11 months ago)

if i had 10g's of dirty cash, i would just buy everyday things with it that I normally use my debit card for.  Groceries, gas, movie tickets, etc.  and continue to pay my bills and housepayment the same way i normally would.  Sure, it would probably hang around for a while, but your spending it on necessities, and very slowly at that.  But thats just how i would do it, if its safe or not I have no idea, but i don't see how spending around 500 of it a month on everyday shit is going to get back to you...

peace

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Invisiblemofo
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Re: Launder money by claiming you found gold nuggets? [Re: supra]
    #10461914 - 06/06/09 04:09 PM (14 years, 11 months ago)

what if you have 10 Gs after doing all that every month?

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OfflineOverdoseLiving
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Re: Launder money by claiming you found gold nuggets? [Re: mofo]
    #10462314 - 06/06/09 05:38 PM (14 years, 11 months ago)

I don't have a job.
I'm looking for one, but there scarce where I am at.

I am gong to start selling incense at festivals though.

Incense, loose leaf tea, chamomile tea, Frankinsence(sp?), myrhh, syrian rue, mhrb, and that type of stuff at festivals this summer though.


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OfflineHumility
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Re: Launder money by claiming you found gold nuggets? [Re: mofo]
    #10495715 - 06/12/09 06:45 PM (14 years, 11 months ago)

Quote:

mofo said:
what if you have 10 Gs after doing all that every month?




Sounds like one of them "good problems".

:smile:


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OfflineOverdoseLiving
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Re: Launder money by claiming you found gold nuggets? [Re: mofo]
    #10496141 - 06/12/09 08:26 PM (14 years, 11 months ago)

Quote:

mofo said:
what if you have 10 Gs after doing all that every month?




Get a legal biz.


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OfflineweaponsGrade
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Re: Launder money by claiming you found gold nuggets? [Re: OverdoseLiving]
    #10521512 - 06/17/09 03:06 AM (14 years, 10 months ago)

ya'll obviously aren't very familiar with how money and taxes work. Neither am I. Wish I was, that's how to get richer.

You earn money, then you are taxed, then you spend it.
The corporation earns money, spends it, and then is taxed on what remains.

Someone touched on it in this thread. From what I understand...If you have 'dirty' money from whatever illegal dog fight drug deal pimp hoe grand theft auto shit you do... just MAKE SURE YOU HAVE A LEGIT JOB. That's the most perfect way to hide any amount of money.

Taxation and earnings are a lot about how much you spend "on the books". In other words, mortgage, car insurance, cell phone bill, cable bill, whatever comes out of your bank account.

There's no law that says you have to spend a certain portion of your income on food or even rent really. What happens if you live with friends, don't pay rent, and they prepare all your meals? You start to save a lot of money.

-WG.

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OfflineCyber
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Re: Launder money by claiming you found gold nuggets? [Re: weaponsGrade]
    #10523288 - 06/17/09 12:09 PM (14 years, 10 months ago)

I see the question of money laundering come up all the time here.

Basic rule: If you are making less than $150,000 a year you will not need money laundering. Only money shuffling.

Lets start off with the first shuffling rule: Do not buy big ticket items, no cash for a new car, boat, motorcycle, land, house, etc. This raises questions as to where the money came from!

So lets talk about how to shuffle money.

If you have a job open two bank accounts. Account #1 is for direct deposit of your paycheck from work. #2 is the shuffle account.
This works best when you get paid every two weeks.
Every pay check remove the same amount of money, in cash from account #1 and deposit dirty cash in account #2.
Get money orders from 7-11 to pay bills with the money from account #1.
On non-paycheck weeks deposit the same amount in cash in account #2 again.

It builds a pattern that both banks see as normal and on the surface looks clean. But if they dig it can be found. Banks do not talk to each other so there is little chance of some one stumbling across it.

The better way to do it is to get a business.

Go to the state office and get a DBA (Doing Business As) for a business, Say Dog Grooming or yard clean up.
Open an account in the business name and deposit money into the business.
Claim the money on your taxes. Best to get a CPA so he can do the write offs as well but DO NOT TELL HIM WHAT  YOU ARE DOING!

There are lots of businesses that take in a lot of cash and for a business to take in $15,000 to $20,000 a month is not out of the ordinary. I ran a legitimate business , well almost legitimate depending on how you look at it. I did computer repair and security, no questions asked and the customer was welcome to watch me do the work to make sure I was not looking at any of there files. High end encrypted file systems with OTP's that were written to a pen drive, etc. I advertised on some online sites that are know to have people who would what to keep there records secure. :wink: I was making $150 and hour and 99.9% of the time it was cash only.

Your best bet is always to start a business that looks ligit and to use it to claim your income.

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InvisibleStonehenge
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Re: Launder money by claiming you found gold nuggets? [Re: Cyber]
    #10523713 - 06/17/09 01:32 PM (14 years, 10 months ago)

Your first suggestion makes no sense. Why take cash from your paycheck and put it in another account? Making regular cash deposits and claiming a legit business are good ideas which i already suggested. But no harm in saying it again.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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OfflineOverdoseLiving
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Re: Launder money by claiming you found gold nuggets? [Re: Stonehenge]
    #10527250 - 06/17/09 10:17 PM (14 years, 10 months ago)

I see what your saying, but im kind of high right now, and it doesnt seem to make full sense...

I feel itd be safer just to stash the money somewhere safe...


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