Silk Road forums

Discussion => Security => Topic started by: Guybrush Threepwood on December 11, 2011, 11:17 pm

Title: Laundering Money
Post by: Guybrush Threepwood on December 11, 2011, 11:17 pm
I've been thinking about how would it be selling at SR and I was wondering how sellers do withdraw money without being noticed.

So if I were a vendor and switched my BCs to $/€ and transfer it into my bank account depending on how much money it was it would get locked. right?

So I'd like to know how do/would you get your money from BC's.

My thoughts were either you change bitcoins for cash (yet undeclared money), or claim it to be gains from speculation in Bitcoin market.

Go ahead, enlighten me.
Title: Re: Laundering Money
Post by: dictio on December 12, 2011, 03:57 pm
I don't think a public forum is the right place to be talking about this.
Title: Re: Laundering Money
Post by: supersecretsquirrel on December 13, 2011, 01:01 pm
Cash is king, I thought everyone knew that?
Title: Re: Laundering Money
Post by: 1as3df4gh on December 13, 2011, 01:07 pm
Open forum is not the place mate, but I am sure you can work it out.
Title: Re: Laundering Money
Post by: yakyak on December 13, 2011, 11:50 pm
COMPLETELY the wrong kind of question to start with here. Not the kind of thing one discusses in polite company.
Title: Re: Laundering Money
Post by: mju7 on December 14, 2011, 09:08 am
So if I were a vendor and switched my BCs to $/€ and transfer it into my bank account depending on how much money it was it would get locked. right?
If they own a bitcoin trading company you think their account would get locked?
Title: Re: Laundering Money
Post by: societyagrees on December 14, 2011, 04:44 pm
Forgive me for being naive, but we talk about everything else on here. I'm just wondering why the topic is so touchy?
Title: Re: Laundering Money
Post by: dictio on December 14, 2011, 04:52 pm
It's not really this topic. It's any topic that talks about the mechanics of how shit works.

This is a public forum. Anyone can read it. Including people who have no business knowing it.

Nothing is gleaned from anonymous forum posts about selling or buying contraband...but if we talk methodology we expose weakness.
Title: Re: Laundering Money
Post by: akgoofy on December 14, 2011, 06:14 pm
Ok tell them about the topic... But not how to do it with btc and $ .... EACH time someone release a little more of what you have in your mind bank makes you a broke ass with nothing to pull from when you need to... Thats how you get caught...


Just saying...... Your mind is worth so much dont give it away for free and for anyone that can understand the total importance of this in the everyday life.....




It's not really this topic. It's any topic that talks about the mechanics of how shit works.

This is a public forum. Anyone can read it. Including people who have no business knowing it.

Nothing is gleaned from anonymous forum posts about selling or buying contraband...but if we talk methodology we expose weakness.
Title: Re: Laundering Money
Post by: anarcho47 on December 14, 2011, 07:33 pm
I agree that this is one of the few things that shouldn't be discussed in any kind of detail on here.  It's the same etiquette as not divulging the practical methods of a seller's shipping (anyone who does should have their thread deleted immediately by a mod - this is information that actually CAN be used against the community).

There are two major threats to SR from the outside.  Being able to properly trace the flow of money and the names behind it, and being able to identify packages based on profiling, which gives them points of origin and buyer information.  Both of these things should not be discussed.

Sellers are at largest risk from divulging the money side of things, buyers are at the largest risk from divulging packaging particulars.  I can guarantee you that sellers are probably using some of the most clever means of shuffling money around, and are also probably using some of the dumbest, "hey look at me!" methods, too.  These aren't things that should be discussed.  There are ample resources elsewhere and with a little critical think and the plethora of virtual exchanges in dozens of digital currencies and brick-and-mortar currencies, anyone can figure out a solid method of changing earnings into cash-in-hand.

Just don't post about it here.
Title: Re: Laundering Money
Post by: mju7 on December 15, 2011, 12:17 pm
Without going into details is fine.
Many people set up a company that buys and sells perfectly legal things.
Then they buy/sell illegal drugs and just write on their books that they were the legal things.
Often this is done in a tax haven as nobody wants to pay tax on their drugs, and also there are more detailed checks on your books in places with higher taxes.

The clean money and company washes or launders the dirty money.
Title: Re: Laundering Money
Post by: Furd Turbler on December 17, 2011, 06:12 pm
I highly doubt anyone here is going to discuss any methods the authorities don't already know about.

You need to be aware of how bank account deposits and withdrawals are monitored in your country.
Do they report all transactions? Only transactions over a certain amount? Total transactions in a certain period of time? Can you avoid triggering these reports by dividing them up between accounts at different banks? Which agency gets the reports?

If you're gonna funnel the money through a legit business, what is likely to trigger an audit of your records? What kind of records do you need to keep? Businesses that deal mostly in cash sale transactions are probably the best bet.

Cash and pre-paid debit cards are probably the simplest bet, though.
Title: Re: Laundering Money
Post by: onestopshop on December 18, 2011, 04:24 am
Obviously, best not discussing details...lets just say it's one of those things where it pays to think more then 2 steps ahead.

Having said that with a little bit of creativity and imagination it's surprisingly easy.
Title: Re: Laundering Money
Post by: Mistersketch on December 18, 2011, 08:16 am
i just use offshore debit cards using false names and adresses

went around looking for forclosed houses, made fake IDs out in that addresses, gave offshore debit cards information 1 drivers liscence and utility bill both forged, and pull out at ATMs in which have no camera and in different locations always, using multiple different cards from all over

dunno how many different ways there could be really, ive heard some use alternate sources of income to fund their inventory, and western union using fake IDs
Title: Re: Laundering Money
Post by: PumpkinYeti on December 18, 2011, 10:54 am
Fuck all that.

If I had a large sum of money to launder, I'd want to put it in something that is value-dense (money per cubic inch) and also a decent investment.

It's hard to beat precious metals for that purpose.

Buy old PSA or NGC graded gold coins on eBay. Great investment, easy to transport, and no problem getting your investment back out of it.

Anyone have a better solution for something value-dense? I find that the biggest worry.
Title: Re: Laundering Money
Post by: Mistersketch on December 19, 2011, 04:30 pm
granted its alot of work to gather the goods anonymity is key,

there are sites where you can buy amazon vouchers, newegg, barnes and noble, with bitcoins maybe buying those and selling/cashing them  would work