How to Launder Money

Posted on 26. Sep, 2007 by in Fraud & Scams

Have you ever wondered what money laundering actually entails? Are washing machines involved? Is it something only the mob and Columbian drug cartels do?

Wise Bread has a fun little article about both kinds of money laundering: the “classic” scheme involving Italian restaurants and dry cleaning establishments, and the “modern” brand of money laundering which usually involves some sort of business in the Cayman Islands.

Note: I do not condone illegal money laundering in any way, and I should warn you that there are very severe punishments that come along with even being a part of such a scheme. But if you’re just curious as to what it means to launder money, then check out the Wise Bread article.


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