Silk Road forums
Discussion => Legal => Topic started by: danconia on August 27, 2013, 09:04 am
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So I recently set up a Fictitious Business Name (FBN), also known as a "Doing Business As", for a sole proprietorship for my regular work since I was hired as a contractor rather than an employee. As someone who knows *very little* about money laundering I was wondering what you guys thought of the idea of starting an "entertainment" business to launder money from selling product from SR. I have friends who work as DJ's and promoters and they say it is typical to get paid in cash. I wonder how strict they are on receipts, etc though if the IRS or any other agency starts looking through your account and wondering where the cash is coming from.
What are your guys' thoughts on this? I have a friend who does web development and we were discussing how it'd probably be more difficult for something like that since he'd have to show websites (or software) and receipts, or at least more so than an industry like "entertainment". I would think even bartenders and waitresses would have to show some employment documents (since they are actual employees typically, or at least I think so) to justify the amount of cash they'd be depositing into their account (and yes I already realize it's better to pay as many small & mediums sized bills with cash).
What are your guys' thoughts?
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So I recently set up a Fictitious Business Name (FBN), also known as a "Doing Business As", for a sole proprietorship for my regular work since I was hired as a contractor rather than an employee. As someone who knows *very little* about money laundering I was wondering what you guys thought of the idea of starting an "entertainment" business to launder money from selling product from SR. I have friends who work as DJ's and promoters and they say it is typical to get paid in cash. I wonder how strict they are on receipts, etc though if the IRS or any other agency starts looking through your account and wondering where the cash is coming from.
What are your guys' thoughts on this? I have a friend who does web development and we were discussing how it'd probably be more difficult for something like that since he'd have to show websites (or software) and receipts, or at least more so than an industry like "entertainment". I would think even bartenders and waitresses would have to show some employment documents (since they are actual employees typically, or at least I think so) to justify the amount of cash they'd be depositing into their account (and yes I already realize it's better to pay as many small & mediums sized bills with cash).
What are your guys' thoughts?
Receipts are crucial. You are fucked if you don't take good care of your accountancy. As someone here once said, setting up an hotdog stand is a good bet :D Those guys can bring in a few thousand a day if the weather is right. It's easy to shove some extra cash into the registry and print some fake receipts, but you need to be modest. Limetless should be able to tell you more about money laundering if you are willing to pay him a modest fee, what I've heard (But only use his services if you are really up for this) .
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Buy a car wash.
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Buy a car wash.
Bad idea. Somebody has been watching too much Breaking Bad.
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Buy a car wash.
made me laugh. haha thanks
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hot dog stand isnt going to add up if you have more sales of hot dogs than you do dogs. in the instance u forged receipts of a physical good you could only pad minus the cost of the item, and of course you would have to buy said items.
the most optimal way to launder involves the sale of opaque services with no real end physical result and no capital expenses such as employees and recurring costs. the web developer mentioned the existence of sites as a reason not to use this as a front however not all software projects are deployed nor necessarily are all websites maintained by their developers. the irs can demand receipts for sales and purchases but they cant make you prove you did the work, thats usually when the fbi comes in and watches how many hotdogs you're actually selling. better to say you did some web development work for clients who did not identify themselves and were paid in bitcoin, that way there is no evidence and no way for you to provide receipts short of paying yourself from various dummy addresses.
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Sell large ticket items on ebay, but be the buyer and seller.
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driving lessons!
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the most optimal way to launder involves the sale of opaque services with no real end physical result and no capital expenses such as employees and recurring costs. the web developer mentioned the existence of sites as a reason not to use this as a front however not all software projects are deployed nor necessarily are all websites maintained by their developers. the irs can demand receipts for sales and purchases but they cant make you prove you did the work, thats usually when the fbi comes in and watches how many hotdogs you're actually selling. better to say you did some web development work for clients who did not identify themselves and were paid in bitcoin, that way there is no evidence and no way for you to provide receipts short of paying yourself from various dummy addresses.
This started as a pretty good shot and went downhill. Unfortunately, under the current regulations, both the IRS and HMRC (British Tax Agency) can ask you to provide evidence that indeed you worked said hours as a contractor (same as freelancers) in order to distinguish between the tax arrangements of a contractor and an employee. Good money laundering is about encompassing the whole spectrum of taxation laws and principles and getting too wound up in what seems to be a good idea is really bad practice that even I can be guilty of at times and it is these little tricks which can really nab you in the arse later on because everyone is used to the idea of when LE come knocking, to say nothing and ask for a lawyer. What they don't understand is, if you keep silent and can't explain your income, you are automatically going to be hit with an array of charges because it is the responsibility of the individual to ensure their finances are in order and can be explained since the principle is not that the prosecutors need to prove it was gained illegally, but rather the burden of proof is on the individual and business to prove it was gained legally and they complete all required due diligence.
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Hot dog stands work on a simple idea. if you sell your hot dogs for 5 bucks a pop and hey cost 1 dollar you can launder 4 dollars per dog "sold"
The key in it all is if you want to launder say 4k then you must have bought 1000 dogs, buns, ketchup and mustard for those 1000 dogs.
At the end of it all you must prove you have bought those dogs, and pay taxes on the sale of those thousand dogs.
where it turns to shit is your disposal of the dogs (cuz if you just show up at the dump and toss them you're leaving a relatively easy trail to follow).
The only other issue is if your stand is watched (suspicion of laundering or illegal activity) it hard to say you had 1000 hot dogs sold over the month of Aug if you didn't go stand on that corner with your stand open, and have people coming up to your stand and walking away with dogs. It's very easy to watch this type of business (same with laundry services)
you might consider something more along the lines of personal training, or consultancy type activity. Being DJ may work as long as you have a venue to work at, the equipment and then your employer would have to back you up on what you were being paid.
Working a tip based industry can help clean some funds depending on how much you're talking about. Then again you have to have the actual job and just supplement your current tips and then pay taxes on them all.
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Maybe it's a good idea to state first how much you are looking to launder? That might help establish the size of the business necessary to do the washing.
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Sell large ticket items on ebay, but be the buyer and seller.
I think I'm going to have to look closer in to this. But wouldn't you still need receipts for the stuff you are selling (ie how did you get the stuff in the first place?).
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Taking a clue from companies like Barclay's and Apple: Create a Cayman Islands offshore incorporation. Depending on how much money you are laundering of course.
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the most optimal way to launder involves the sale of opaque services with no real end physical result and no capital expenses such as employees and recurring costs. the web developer mentioned the existence of sites as a reason not to use this as a front however not all software projects are deployed nor necessarily are all websites maintained by their developers. the irs can demand receipts for sales and purchases but they cant make you prove you did the work, thats usually when the fbi comes in and watches how many hotdogs you're actually selling. better to say you did some web development work for clients who did not identify themselves and were paid in bitcoin, that way there is no evidence and no way for you to provide receipts short of paying yourself from various dummy addresses.
This started as a pretty good shot and went downhill. Unfortunately, under the current regulations, both the IRS and HMRC (British Tax Agency) can ask you to provide evidence that indeed you worked said hours as a contractor (same as freelancers) in order to distinguish between the tax arrangements of a contractor and an employee. Good money laundering is about encompassing the whole spectrum of taxation laws and principles and getting too wound up in what seems to be a good idea is really bad practice that even I can be guilty of at times and it is these little tricks which can really nab you in the arse later on because everyone is used to the idea of when LE come knocking, to say nothing and ask for a lawyer. What they don't understand is, if you keep silent and can't explain your income, you are automatically going to be hit with an array of charges because it is the responsibility of the individual to ensure their finances are in order and can be explained since the principle is not that the prosecutors need to prove it was gained illegally, but rather the burden of proof is on the individual and business to prove it was gained legally and they complete all required due diligence.
how are you supposed to prove you did something? is the irs now requiring you film yourself at work?
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I don't know about the IRS and burden of proof, there are people here that are far better versed in such things than I.
What I have noticed is that the burden of proof has seemed to have shifted a lot in the last 20yrs from "innocent to proven guilty" to "prove you're innocent"
I know in practice that some countries have a proceeds of crime laws that allow the police to seize anything they believe obtained illegally and it is the persons job to prove it is theirs. This seems ridiculous but it's just one more step in big brother controlling it all.
As to the burden of proof. This is that statement that so many LE use "if you have nothing to hide then you'll answer our questions" well LE should be politely told, "sorry, I don't have to answer anything. Do what you like but I'm an honest law abiding citizen. The only proof I need for that statement is me saying it and until you can prove otherwise that statement is a fact. If you believe that I'm not an honest law abiding citizen please prove that I'm a liar and I'm breaking the law. Bare in mind all conversations will take place with my lawyer present and I may seek compensation for harassment and abuse. Now I'm leaving, or are you arresting me?"
NOTE this is not legal advice. don't state that shit to a cop word for word. use your common sense.
sadly and not to get off topic to much but that is the world we live in now, burden of proof was once on the police. Now they simply say what they want and you are charged, or arrested, held, questioned and hopefully after your time is wasted and an emotional toll is taking on you and your family you may be let go. It would be nice if police had to pay a 100$ every time they brought someone in falsely or without real evidence. Right now they just bring people in on fishing expeditions. they have no down side to holding you and questioning you.
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Let me tell you straight away. Do not start a fake business. Be smart. There are a billion small business ideas you can start up for yourself, to launder your money through. Start up a small business, actually work on making it work on its own, and push your illegal money through disguised as legitimate income. Pay your taxes, have some legal justification of where your money is coming from, and you'll be fine. Most importantly... PAY YOUR TAXES.
There's really no point to starting a fake business. If you simply state cash as income and pay your taxes on it, then you're fine. Having a business or not will most likely not make any difference on whether they chose to audit you. If they do chose to audit you, you're going to be screwed if you cannot at least make up a justifiable reason to where your income came from.
One example....I know a person who basically acts as a private fitness trainer and consultant for high profile clients. She "makes" $3500 per day doing "this". She was audited once, declared that her clients being high profile demand anonymity, so all transactions are cash. IRS said okay, all income was documented and accounted for and taxes were paid. Some people might not think it's that easy, but really, it can be, if your story appears straight. Money Laundering really becomes complicated when people are trying to launder millions + per month, but even that is dooable. Under 100k per month is easy, if you just sit down and take the time to figure it out and work out the kinks.
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Let me tell you straight away. Do not start a fake business. Be smart. There are a billion small business ideas you can start up for yourself, to launder your money through. Start up a small business, actually work on making it work on its own, and push your illegal money through disguised as legitimate income. Pay your taxes, have some legal justification of where your money is coming from, and you'll be fine. Most importantly... PAY YOUR TAXES.
There's really no point to starting a fake business. If you simply state cash as income and pay your taxes on it, then you're fine. Having a business or not will most likely not make any difference on whether they chose to audit you. If they do chose to audit you, you're going to be screwed if you cannot at least make up a justifiable reason to where your income came from.
One example....I know a person who basically acts as a private fitness trainer and consultant for high profile clients. She "makes" $3500 per day doing "this". She was audited once, declared that her clients being high profile demand anonymity, so all transactions are cash. IRS said okay, all income was documented and accounted for and taxes were paid. Some people might not think it's that easy, but really, it can be, if your story appears straight. Money Laundering really becomes complicated when people are trying to launder millions + per month, but even that is dooable. Under 100k per month is easy, if you just sit down and take the time to figure it out and work out the kinks.
Like freelance drug dealing?
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Fuck paying any of your hard earned money in taxes.
Unless you got millions coming in that you want to spend lavishly, then just convert your $ to gold sovereigns/bars and bury it.
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Fuck paying any of your hard earned money in taxes.
Unless you got millions coming in that you want to spend lavishly, then just convert your $ to gold sovereigns/bars and bury it.
metal detectors?
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Sell large ticket items on ebay, but be the buyer and seller.
or go to Etsy or Fab and sell junk art to yourself for insane crazy prices since well.. it's art and special... omg look at this tiedye dreamcatcher!!! $450!! gotta have it!!
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One example....I know a person who basically acts as a private **whore** for high profile clients. She "makes" $3500 per day doing this
FIFY
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Fuck paying any of your hard earned money in taxes.
Unless you got millions coming in that you want to spend lavishly, then just convert your $ to gold sovereigns/bars and bury it.
metal detectors?
What, is the IRS going round the whole of the USA with metal detectors now?
if you're too worried about metal detectors ::) then hide it in something metal. It's pretty fucking easy to hide when you think about it and a kilo is worth 40k and fits in the palm of your hand
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Fuck paying any of your hard earned money in taxes.
Unless you got millions coming in that you want to spend lavishly, then just convert your $ to gold sovereigns/bars and bury it.
metal detectors?
What, is the IRS going round the whole of the USA with metal detectors now?
if you're too worried about metal detectors ::) then hide it in something metal. It's pretty fucking easy to hide when you think about it and a kilo is worth 40k and fits in the palm of your hand
why not just keep it in bitcoin, no chance of a miner digging it up and the price isnt determined by 5 jew bankers.
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u will need to launder ie. pay taxes on if u plan on buying something over $10k so this isnt really an issue of if u want to pay taxes but how u want to go about doing it so that its not obvious that its dirty money. imo anonymous services, get creative.
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Sell large ticket items on ebay, but be the buyer and seller.
or go to Etsy or Fab and sell junk art to yourself for insane crazy prices since well.. it's art and special... omg look at this tiedye dreamcatcher!!! $450!! gotta have it!!
Holy shit that's a good idea. Art is one of the best rackets there is. 100% subjective prices that you can pull out of your ass. I've got a paper clip man I would like to sell you for $1000. Actually it's one of a kind, make that $2000. I saw one guy on 60 minutes who sold shaved No. 2 pencils for $50 a pop, because it was an "artisan" pencil with a certificate of authenticity.
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Sell large ticket items on ebay, but be the buyer and seller.
or go to Etsy or Fab and sell junk art to yourself for insane crazy prices since well.. it's art and special... omg look at this tiedye dreamcatcher!!! $450!! gotta have it!!
Holy shit that's a good idea. Art is one of the best rackets there is. 100% subjective prices that you can pull out of your ass. I've got a paper clip man I would like to sell you for $1000. Actually it's one of a kind, make that $2000. I saw one guy on 60 minutes who sold shaved No. 2 pencils for $50 a pop, because it was an "artisan" pencil with a certificate of authenticity.
and who knows.. you might actually catch on and become some hot new artist and people actually buying your crap for $10,000 and putting them in galleries!!
:D wonderful unintended consequences
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the problem with art that it usually requires some kind of receipt. Like most transactions. So it's a follow the money game.
you got paid 2k for your paper clip man? cool who paid you? They didn't ask for a receipt for the 2k cash they gave you for some paper clips? what about some authentication slip that "you" actually did otherwise how do you prove it's really made by you and thus making it valuable. starts to get a little tricky there especially if you're under some kind of investigation already, which is probably why you're being asked questions in the first place.
If you do give a receipt then they follow the money. So who bought the paper clip man.. alright lets look at him. hmm interesting connect the dots. Aside from that where did that guy get 2k to spend on a paper clip man?
Art has some potential.. kinda. Think you would need a 3rd party to pay. totally separate.
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the problem with art that it usually requires some kind of receipt. Like most transactions. So it's a follow the money game.
you got paid 2k for your paper clip man? cool who paid you? They didn't ask for a receipt for the 2k cash they gave you for some paper clips? what about some authentication slip that "you" actually did otherwise how do you prove it's really made by you and thus making it valuable. starts to get a little tricky there especially if you're under some kind of investigation already, which is probably why you're being asked questions in the first place.
If you do give a receipt then they follow the money. So who bought the paper clip man.. alright lets look at him. hmm interesting connect the dots. Aside from that where did that guy get 2k to spend on a paper clip man?
Art has some potential.. kinda. Think you would need a 3rd party to pay. totally separate.
pay yourself with bitcoin
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Art has some potential.. kinda. Think you would need a 3rd party to pay. totally separate.
you ever buy art? Go to a gallery, they'll just put a little dot on the price tag to say it is spoken for and you pay.. you get a diner's type of paper receipt with hardly anything on it.. you can say any name you want. You can pay cash ad no one cares.
So on the net, say you make a storefront and take bitcoins.. no one has to use their real name. They send you 8 btc and you ship your starfish paperclip out to?? whoever man... make it up.. send it to krueger claus at the corner of north pole and elm street for all you care, say that's what they put in the order and paid you.. you are just the seller
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I think a dog training and/or dog walking business would be a great starting laundering business. You really don't need a storefront, you can operate out of your own home. You can get legitamite customers, mixed in with fake receipts with fake names of people that "paid cash" for your dog training services. ;) I love dogs! lolol
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What about setting up an anonymous bitcoin donation scheme? Would that be legal? Of course the donations would be made strictly by yourself to yourself :)
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haha I like the donation scheme
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I don't know about the IRS and burden of proof, there are people here that are far better versed in such things than I.
What I have noticed is that the burden of proof has seemed to have shifted a lot in the last 20yrs from "innocent to proven guilty" to "prove you're innocent"
I know in practice that some countries have a proceeds of crime laws that allow the police to seize anything they believe obtained illegally and it is the persons job to prove it is theirs. This seems ridiculous but it's just one more step in big brother controlling it all.
As to the burden of proof. This is that statement that so many LE use "if you have nothing to hide then you'll answer our questions" well LE should be politely told, "sorry, I don't have to answer anything. Do what you like but I'm an honest law abiding citizen. The only proof I need for that statement is me saying it and until you can prove otherwise that statement is a fact. If you believe that I'm not an honest law abiding citizen please prove that I'm a liar and I'm breaking the law. Bare in mind all conversations will take place with my lawyer present and I may seek compensation for harassment and abuse. Now I'm leaving, or are you arresting me?"
NOTE this is not legal advice. don't state that shit to a cop word for word. use your common sense.
sadly and not to get off topic to much but that is the world we live in now, burden of proof was once on the police. Now they simply say what they want and you are charged, or arrested, held, questioned and hopefully after your time is wasted and an emotional toll is taking on you and your family you may be let go. It would be nice if police had to pay a 100$ every time they brought someone in falsely or without real evidence. Right now they just bring people in on fishing expeditions. they have no down side to holding you and questioning you.
+1
Too true
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What about setting up an anonymous bitcoin donation scheme? Would that be legal? Of course the donations would be made strictly by yourself to yourself :)
what's up Flynn!! how's Walter doing?
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Going off the art angle, if only music piracy wasn't so popular, you could put up some songs online and sell those. Wouldn't be much, but it's in the same vein. Darn those pirates. ;)
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Online there are so many ways to launder I wont go into it.
But i know a guy from back in the day who used to clean his plant money through cars. Good for amounts between of 5k-50k once a year, small scale stuff.
Step 1. Make friends with a mechanic or car enthusiast. Classifieds work well too.
Step 2. Find someone who has run down car they've spent countless hours and effort fixing up - preferably that comes with some receipts from mechanics or parts places.
Step 3. Buy the car in cash. The guy reports the sale for the min amount.
Step 4. Sell the car on the market for closer to the actual price - Clean money from a natural value add activity - perfectly legal transaction.
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I don't know much about weed, but I guess this would be the best place to ask.
If you grew pot, why wouldn't owning a hydroponic supply store be the absolute best way to launder money? Lots of cash customers, answers to questions about equipment purchases.
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I don't know much about weed, but I guess this would be the best place to ask.
If you grew pot, why wouldn't owning a hydroponic supply store be the absolute best way to launder money? Lots of cash customers, answers to questions about equipment purchases.
Gonna take a stab in the dark and say that people who work with hydroponics know that LE knows what it's used for, and therefore could be checked on with more scrutiny the moment something drug-related happens in your town.
Besides that, what the business specifically deals in doesn't matter hardly at all, so long as it can feasibly bring in enough money without being suspicious for the amount you're looking to clean. This is a matter of accounting, book-balancing.
So yeah, hydroponics could work as a front, but the connection to your front business and your back business isn't exactly a bonus. I mean, watch that your inventory doesn't wind up with missing items that you're actually using to grow, I guess.
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from what i understand is..
you're allowed up to 10 hobbies a year,
where each hobby can generate up to 10k/month. :)
cheers.
/thumbs
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I don't know much about weed, but I guess this would be the best place to ask.
If you grew pot, why wouldn't owning a hydroponic supply store be the absolute best way to launder money? Lots of cash customers, answers to questions about equipment purchases.
Gonna take a stab in the dark and say that people who work with hydroponics know that LE knows what it's used for, and therefore could be checked on with more scrutiny the moment something drug-related happens in your town.
Besides that, what the business specifically deals in doesn't matter hardly at all, so long as it can feasibly bring in enough money without being suspicious for the amount you're looking to clean. This is a matter of accounting, book-balancing.
So yeah, hydroponics could work as a front, but the connection to your front business and your back business isn't exactly a bonus. I mean, watch that your inventory doesn't wind up with missing items that you're actually using to grow, I guess.
I'm asking because I went into a hydro store being they are the only place in town that sells mylar bags. Store was really unorganized, guy had the door locked because he was blazing on the side of the building when I walked up, and we talked about DMT and shrooms for like 20 minutes. He was baked off his ass. The phone rang and it was another shop he owns asking a question and the clerk says "yeah, sold a single bottle of some XXX, who cares right hahaha."
When I left some dude came in, they went out, locked the door, and watched me back out and pull away.
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It's a good thing I know about Web Development. All I have to do is say I have local clients paying me in cash to make intranet websites, installing LAMP stacks, and other services that are not readily presentable to the IRS. I can have a small app on my own website that will log all the information needed for invoices and receipts (with logos, dates, amounts, and everything).
If it looks official enough I would think that would get the IRS off my back. Naturally the more money I try to launder the more careful I'll have to be.
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subbing
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What about setting up an anonymous bitcoin donation scheme? Would that be legal? Of course the donations would be made strictly by yourself to yourself :)
what's up Flynn!! how's Walter doing?
I didn't even think about that when I wrote that.. :P
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Selling electronic products like ebooks etc. strictly with bitcoin?
Have some Indian guy write you a site where you can list some products or use a free wordpress theme. A book on how to make your dick bigger in 3 easy steps (DISCLAIMER: the steps have not been validated by a medical professional).
Price per ebook is 97USD and can only be paid in bitcoin. Have a "buyer"(you) fill in their information when they order and produce receipts of the transaction for you and the customer when a book is bought. For every transaction you must use a proxy. You can also buy real visits for your site through various providers on the internet. Just hit some guys up at any blackhat internet marketing forum.
This would be an easy easy way to launder anything up to 10k a month. The sales just would have to be spaced out randomly and the "buyer proxy" would need to be changed every time. I'd buy virtual pc hosting from some proxy/VPN -company that takes bitcoin and doesn't keep any logs (they are out there) and would instal some proxy software on the pc and use fresh new daily proxies that are posted over the internet every day.
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It's a good thing I know about Web Development. All I have to do is say I have local clients paying me in cash to make intranet websites, installing LAMP stacks, and other services that are not readily presentable to the IRS. I can have a small app on my own website that will log all the information needed for invoices and receipts (with logos, dates, amounts, and everything).
If it looks official enough I would think that would get the IRS off my back. Naturally the more money I try to launder the more careful I'll have to be.
Or, you can register a shitty domain, list it on various auction sites, and sell it to yourself thru various escrow services. :)
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iv not gone through all the responses to your question. But it all depends on how much you make. I have worked with vendors here that are in the top 1% and even they don't have a clue on how and what to do. Top 1-5% volume of cash isn't small. You would need a strategy to circulate the money with minimal loss and anonymity. Problem is people want quick quick, no it doesn't work that way. All this car wash, newsagent, is all really a beginners way to action and think. Be around the right people, you will know what you need to.
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Right - it involves paying 20% commission on what you launder and an offshore bank account.
Guy I know used to peddle dope. His former business partner is still in the game - not by choice. He's a European guy in the US, no passport, visa expired a decade ago, smallish-time dealer. He's stranded in the US with a seven figure sum of cash under his living room floor. He's pretty paranoid, strangely enough.
I don't get it, though. When you have that kind of money and you're careful about who you deal with (and you'd have to be to amass that kind of coin), you can surely find someone reliable to help you with your particular requirements. They'll take a decent bite out of your nest egg, sure. But that beats forfeiting the lot to the feds and spending half your remaining years in a cell.
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State property tax lien investment firm :)
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What about setting up an anonymous bitcoin donation scheme? Would that be legal? Of course the donations would be made strictly by yourself to yourself :)
i thought of this once but ultimately youd have to run as a forprofit company, and if you didnt do shit it would be hard to explain why people would send you money, especially without a substantial advertising budget. also you'd need alot of site traffic to cover you.
anyways your earnings are in bitcoin, you should only ever have to launder what you need, which if you have any sense about you will be very little.
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This method is relatively common where I'm from, and there's no real good way for the authorities to beat it without making the whole industry illegal:
Advertize yourself on an escort site as a male prostitute, and buy a second phone and advertize in the paper. Put up a decent looking picture that isn't you and you'll get plenty of people contacting you. Arrange to meet them but never actually go, just so you have a long email and phone history that justifies your claims.
Go the the health department and register yourself as a sex worker, and get the fortnightly STD check.
Go to an accountant and explain that you're working as a prostitute, making about 3-10K a week (or more if you need to launder more) and want to pay the appropriate taxes on your income. He will set everything up for you so you can put the money in the bank. It's not that uncommon for actual successful escorts to do this if they are making a lot of money.
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Any cash in hand business is handy.
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This method is relatively common where I'm from, and there's no real good way for the authorities to beat it without making the whole industry illegal:
Advertize yourself on an escort site as a male prostitute, and buy a second phone and advertize in the paper. Put up a decent looking picture that isn't you and you'll get plenty of people contacting you. Arrange to meet them but never actually go, just so you have a long email and phone history that justifies your claims.
Go the the health department and register yourself as a sex worker, and get the fortnightly STD check.
Go to an accountant and explain that you're working as a prostitute, making about 3-10K a week (or more if you need to launder more) and want to pay the appropriate taxes on your income. He will set everything up for you so you can put the money in the bank. It's not that uncommon for actual successful escorts to do this if they are making a lot of money.
This world can be creepy
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Limetless should be able to tell you more about money laundering if you are willing to pay him a modest fee, what I've heard (But only use his services if you are really up for this) .
Limitless is less than useless.
Modzi
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Limetless should be able to tell you more about money laundering if you are willing to pay him a modest fee, what I've heard (But only use his services if you are really up for this) .
Limitless is less than useless.
Modzi
Useless why exactly?
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This method is relatively common where I'm from, and there's no real good way for the authorities to beat it without making the whole industry illegal:
Advertize yourself on an escort site as a male prostitute, and buy a second phone and advertize in the paper. Put up a decent looking picture that isn't you and you'll get plenty of people contacting you. Arrange to meet them but never actually go, just so you have a long email and phone history that justifies your claims.
Go the the health department and register yourself as a sex worker, and get the fortnightly STD check.
Go to an accountant and explain that you're working as a prostitute, making about 3-10K a week (or more if you need to launder more) and want to pay the appropriate taxes on your income. He will set everything up for you so you can put the money in the bank. It's not that uncommon for actual successful escorts to do this if they are making a lot of money.
This actually works for you? A few problems I can see
1) there isn't an infinite number of johns wanting to bang rentboys. Once they start to realise you're a phoney, they are going to stop calling. Well, they might call you to abuse you for not showing up, but then that's that.
2) kind of a dick move, isn't it? You're willing to con people into a meeting which you have no intention of turning up to? Not sure I'd be willing to trade with you here knowing you're willing to screw over others...
3) if the cops do start to get suspicious that maybe you're selling drugs and not your arse, all they need to do is trace one or two of your 'clients' who will tell them you never actually met them, and there goes your front business. Also, the fact that the pic you use to solicit clients isn't actually you...that would set off alarm bells if the heat ever decided to check you out.
4) in most jurisdictions working as a sexworker isn't fully legal - it's sometimes decriminalised, sometimes illegal. You'd likely have the law breathing down your neck making sure you are following the rules. Not exactly a good way to stay under the radar.
5) so even if all of the above works out, would you really want it on the public record that you are a rentboy? 20 years down the track that kind of thing could easily come back to haunt you.
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This method is relatively common where I'm from, and there's no real good way for the authorities to beat it without making the whole industry illegal:
Advertize yourself on an escort site as a male prostitute, and buy a second phone and advertize in the paper. Put up a decent looking picture that isn't you and you'll get plenty of people contacting you. Arrange to meet them but never actually go, just so you have a long email and phone history that justifies your claims.
Go the the health department and register yourself as a sex worker, and get the fortnightly STD check.
Go to an accountant and explain that you're working as a prostitute, making about 3-10K a week (or more if you need to launder more) and want to pay the appropriate taxes on your income. He will set everything up for you so you can put the money in the bank. It's not that uncommon for actual successful escorts to do this if they are making a lot of money.
This actually works for you? A few problems I can see
1) there isn't an infinite number of johns wanting to bang rentboys. Once they start to realise you're a phoney, they are going to stop calling. Well, they might call you to abuse you for not showing up, but then that's that.
2) kind of a dick move, isn't it? You're willing to con people into a meeting which you have no intention of turning up to? Not sure I'd be willing to trade with you here knowing you're willing to screw over others...
3) if the cops do start to get suspicious that maybe you're selling drugs and not your arse, all they need to do is trace one or two of your 'clients' who will tell them you never actually met them, and there goes your front business. Also, the fact that the pic you use to solicit clients isn't actually you...that would set off alarm bells if the heat ever decided to check you out.
4) in most jurisdictions working as a sexworker isn't fully legal - it's sometimes decriminalised, sometimes illegal. You'd likely have the law breathing down your neck making sure you are following the rules. Not exactly a good way to stay under the radar.
5) so even if all of the above works out, would you really want it on the public record that you are a rentboy? 20 years down the track that kind of thing could easily come back to haunt you.
For the record mate i've not done this, just known several people who have done it successfully.
1.) You'd be extremely surprised, if you live in a big city and put an add up a pretty much infinite stream of people will call. As a joke a mate posted another mates number as a gay sex add in escort section in the paper in my city, and he had hundreds upon hundreds of calls & messages from a single newspaper that the add appeared in, some of them weeks later!
2.) No-one is getting screwed over as no money is exchanged and you aren't conning anyone into 'doing' anything as escorts generally travel to their clients, and you don't even have to do this part, it would just help create messages that make it look like you are meeting people. I'm also not a vendor here so I don't know what you are insinuating about the way I run my business.
3.) 95% of escrots use pictures that aren't them, it's not the slightest bit uncommon. Also, the police will not be able to make a case in court that you are drug dealing based on trying to track down every single person who messaged you and proving that you did not have sex with any of them (A single client could have given you $10K+ rememebr), not in Australia or most first world countries at least.
4.) This is only for places where prostitution is legal, like Australia for example. You can be a prostitute here, pay tax, and the police can't bother you as long as you wear condoms and submit to STD testing.
5.) Yes, I completely agree, this is the only reason I haven't tried this method. However, a lot of people this doesn't apply to as they either already have a criminal record or never plan to work in the public eye.
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This method is relatively common where I'm from, and there's no real good way for the authorities to beat it without making the whole industry illegal:
Advertize yourself on an escort site as a male prostitute, and buy a second phone and advertize in the paper. Put up a decent looking picture that isn't you and you'll get plenty of people contacting you. Arrange to meet them but never actually go, just so you have a long email and phone history that justifies your claims.
Go the the health department and register yourself as a sex worker, and get the fortnightly STD check.
Go to an accountant and explain that you're working as a prostitute, making about 3-10K a week (or more if you need to launder more) and want to pay the appropriate taxes on your income. He will set everything up for you so you can put the money in the bank. It's not that uncommon for actual successful escorts to do this if they are making a lot of money.
This actually works for you? A few problems I can see
1) there isn't an infinite number of johns wanting to bang rentboys. Once they start to realise you're a phoney, they are going to stop calling. Well, they might call you to abuse you for not showing up, but then that's that.
2) kind of a dick move, isn't it? You're willing to con people into a meeting which you have no intention of turning up to? Not sure I'd be willing to trade with you here knowing you're willing to screw over others...
3) if the cops do start to get suspicious that maybe you're selling drugs and not your arse, all they need to do is trace one or two of your 'clients' who will tell them you never actually met them, and there goes your front business. Also, the fact that the pic you use to solicit clients isn't actually you...that would set off alarm bells if the heat ever decided to check you out.
4) in most jurisdictions working as a sexworker isn't fully legal - it's sometimes decriminalised, sometimes illegal. You'd likely have the law breathing down your neck making sure you are following the rules. Not exactly a good way to stay under the radar.
5) so even if all of the above works out, would you really want it on the public record that you are a rentboy? 20 years down the track that kind of thing could easily come back to haunt you.
For the record mate i've not done this, just known several people who have done it successfully.
1.) You'd be extremely surprised, if you live in a big city and put an add up a pretty much infinite stream of people will call. As a joke a mate posted another mates number as a gay sex add in escort section in the paper in my city, and he had hundreds upon hundreds of calls & messages from a single newspaper that the add appeared in, some of them weeks later!
2.) No-one is getting screwed over as no money is exchanged and you aren't conning anyone into 'doing' anything as escorts generally travel to their clients, and you don't even have to do this part, it would just help create messages that make it look like you are meeting people. I'm also not a vendor here so I don't know what you are insinuating about the way I run my business.
3.) 95% of escrots use pictures that aren't them, it's not the slightest bit uncommon. Also, the police will not be able to make a case in court that you are drug dealing based on trying to track down every single person who messaged you and proving that you did not have sex with any of them (A single client could have given you $10K+ rememebr), not in Australia or most first world countries at least.
4.) This is only for places where prostitution is legal, like Australia for example. You can be a prostitute here, pay tax, and the police can't bother you as long as you wear condoms and submit to STD testing.
5.) Yes, I completely agree, this is the only reason I haven't tried this method. However, a lot of people this doesn't apply to as they either already have a criminal record or never plan to work in the public eye.
"For the record mate i've not done this, just known several people who have done it successfully."
I apologise for my erroneous assumption.
1) I'd be surprised if, after a few months of no-shows, the phone would be ringing much. I expect a large chunk of escort clientele is repeat business. Obviously your guy wouldn't have any of that.
2) well yes it is screwing someone over - the person is robbing someone of that most precious commodity; their time. If you can't see how agreeing to a transaction and then not following through (resulting in the other party wasting a bunch of time) is morally dubious, then there isn't much more to say.
3) statements from a few non-clients won't nail you but they could help build a case against you or tip LE off that the whole escort thing is a front, meaning they investigate further.
4) prostitution isn't legal in most parts of Australia. Depends on the state. It's generally "decriminalised", meaning you're likely to have Big Brother watching over you at any given moment. Some places it's flat out illegal but there is a 'containment' policy with a few sanctioned brothels allowed to operate - independent escorts are illegal. I don't know where you live and perhaps prostitution is totally legal where you are, but if it's not then in general I'd say that using an illegal or semi-legal activity as a front for an illegal activity is perhaps not the brightest strategy. This is just an observation, not directed at you, as you say it's legal where you are.
5) fair enough
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Limetless should be able to tell you more about money laundering if you are willing to pay him a modest fee, what I've heard (But only use his services if you are really up for this) .
Limitless is less than useless.
As for ML techniques I hope that StExo is worthy, but he is too busy and not taking new clients so I can not hire him as yet.
Modzi
Useless why exactly?
Why exactly is Limitless useless? He doesn't deliver any useful information and way overcharges for you to learn this.
But don't take my word for it (see my vendor ratings to judge my reputation) just pay him and tell me how satisfied you are.
Total crap.
Limitless is an empty can of hot air. Period.
As for ML techniques, I hope that
Modzi