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Old 01-27-2014, 08:29 PM
Louis Louis is online now
Boeuf Chaîne
 
Join Date: Dec 2003
Location: St. Louis MO
Posts: 25,544
Quote:
Originally Posted by ultraman6970 View Post
So now, you have a bank account, you move money here and there, you get bitcoins, you buy goods with those bitcoins and then you sell the goods you bought, the result? clean money at the other end.
A bit cumbersome if you have to launder the high volumes of $ the drug barons have to deal with. However, I have heard of them buying "legitimate" business to try and do this. A while back at least one of the Mexican cartels owned quite a few horse-racing related properties in the US.
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