UPDATE! I just made a BRAND NEW Revised Version of this video here: kzread.info/dash/bejne/ip2Z3LZrm6i_iaw.html

@jonnovember2136

Жыл бұрын

Money laundering is not possible for people like me😔... I don't have a very good credit score and #TDBank won't play ball😥... I am minimum wage earner and can't even qualify for being a money mule... 🌎💘💰

Innocent people have been accused of money laundering simply because they had too much cash on on them when they tried to deposit or even spend it.

@bazanon1880

Жыл бұрын

This is a 🤡 world printing free will good for some not all in rule off law money for nar thing chips for free corruption and crime go's together in that business lessons learnt very well for some reason

You forgot the use of Real Estate as a way to launder money. This was very common (and no so secret) before the pandemic all over the United States.

I know a landlord with 50 upscale houses, and some of his renters paid him in cash, so he made bank deposits of say $35,000. Then the bank thought he was a drug dealer and refused to take more deposits, so the landlord took the bank to court and won, on the grounds he was innocent until proven guilty and how cash deposits were essential to his business. This is how new laws can screw innocent people

@mjohnson1741

2 жыл бұрын

Didn't congress just pass a bill to audit any deposit over $600 dollars? Majority of people consistently make deposits over $600.

@Dmack74

2 жыл бұрын

Why would he take cash money is the question

@obey2dmax

2 жыл бұрын

@@mjohnson1741 Yes which doesn't make sense. I mean in the casino if you win over $1199.00 you sign and report your winnings. I don't get over $600 threshold. It is probably to get taxed as sellers before do not need to report over certain amount and now they do especially when they are selling online and/or on app based like ebay or offer up.

@ronaldhonda2276

2 жыл бұрын

@@Dmack74 Why shouldn’t he if he prefers cash?

@douglastaylor8039

2 жыл бұрын

Because it was cash the government was afraid it wasn't getting theirs.

I had cash businesses and my bank told me years later they filed the reports for deposits over $3000.

Stumbled onto this channel. Very well done!

Man, you are awesome. that was the best video that I have even watched about this topic. I really appreciate that Joshua. and wish the best for you man wherever you are :)

@JoshuaRoberts

3 жыл бұрын

I’m in Missouri! Thanks for watching!

Thank you so much for your passion on educating your viewers . The time you take researching and sharing your professional experiences is outstanding. I show everyone that I believe will truly listen and benefit

@globalcamper

2 жыл бұрын

This was most informative and I started watching because of said topic 🤫

@jimlewis7200

2 жыл бұрын

Im gonna try this knowledge he given.lollol

@jimlewis7200

2 жыл бұрын

Company still do it

@epidemicrochip3033

2 жыл бұрын

I would like to know how auctions and are galleries are involved with money laundering, if anyone knows.

I just found your channel..I love it..keep up the good work

This is excellent. Thank you for the education and sharing your knowledge.

Question what about a mega evangelical church? Isn’t that a good setup for money laundering since they are tax exempt.

@dianahill7239

2 жыл бұрын

All religious organizations should be required to pay: federal, state, County and property taxes. They should have to do bookkeeping.

@nathananderson2401

2 жыл бұрын

Yes it is

The main reason ppl get caught is just like he said - by not paying their tax obligations! And this is why casino winnings is a horrible way to launder money... with a fairly standard 50% tax obligation, no one wants to pay that, so they don’t and they either get caught or the IRS sends them a notice of debt and their intent to collect in any way possible! The way that ppl get away with ML is by actually paying the taxes on their money! Because unless the government has some incentive to stop you from paying them money, they won’t do it! If you pay them more than you are worth in prison + the forfeiture, then they wouldn’t want to stop you!

BTW.. Love the channel. A lot in this that was pretty new to me.. Thanks.

Such an underrated channel 😱

@JoshuaRoberts

4 жыл бұрын

Elliott Sanders thanks!

@spideywhiplash

2 жыл бұрын

@George 😆😆😆

@reececarr2784

2 жыл бұрын

There is no such thing as under rated on utube. Just as they're is no such fact that is a feeling

@reddyboybelda4486

2 жыл бұрын

You're not explaining to stupid audience. Shorten your explanation Your consuming a lot of time

@Shefothestreets

2 жыл бұрын

Maybe he talk to much about nothing

Great video. Definitely enjoyed it!!!

Thanks, very educational and entertaining!

Reminds me of Mr. Ponzi, where he literally bought a bank to extend the duration of his Ponzi scheme thinking that if he owns the bank he would own the money that were in the vault.

Place $100s in a pillow case. Add detergent. Start cycle on cold for 45 minutes

THIS IS GREAT STUFF, NOW I TRULY UNDERSTAND WHAT MONEY LAUNDERING REALLY IS- Thank You, Mr Roberts

Good work there Joshua Roberts!

I’m a watch your revised version because I got a big one for you.

I think that the money that the state takes from drug dealers and crime in general should go into drug addiction programs, advertisements of how destructive drugs are and school programs, which most should be aimed at kids. Most friends and people in my area that I grew up with have all died because of drug addiction or from been involved in the drug scene and a lot of them all started from around ten years old.

@jimlewis7200

2 жыл бұрын

Good points very good points.governments are greedy too.lol

@derekbuxton6626

2 жыл бұрын

I am so sorry to hear about that.

Very interesting video! Thanks for posting!

Well, that was really interesting. Great vid.

Very well explained 👍👍🔆🔆

Thanks for the knowledge update

Another great one, thanks.

The $10,000 reporting requirements effectively make have over $10,000 in cash a criminal offense.

@shaneliffin6116

2 жыл бұрын

Not unless it is found that the money is from nefarious activity.

Very good video not that I have illegal money or tons of cash, but liked and subscribed will watch more of your videos professionally done.

Thanks for such precious inside information, but in India no one bothers to laundering their dirty money because there are no strict or effective government agencies and also because corruption is unbelievable common around here. Just as observation.

@soulmadgratitude766

2 жыл бұрын

Ii

@Jump-n-smash

Жыл бұрын

In India clean money is suspect money

Wow very informative

This is the best explanation of money laundering I have come across.

You're a great teacher

This is very interesting. The history, the current state and the progression. Buying small amounts of gold, silver and diamonds using Smurfs with laundered money and storing it somewhere - I guess. I'm not sure how large quantities of the gold, silver and diamonds accumulated could be offloaded, though, because of the cash amounts involved with purchasing it. Maybe the underworld goes all barter or Bitcoin?

One day this channel will take off

Not all superheroes wear capes.

Hey Josh, you rule! Man I want to go back to school after listening to you ! But here's a question, the Kyle Rittenhouse trial that's currently underway , the judge was very upset with the D.A. for implying that by Kyle remaining silent was in some way him dodging questions or trying to hide info. First did I get that right and second what can happen to the d.a. when the judge and d.a. fight or don't like each other. And ultimately doesn't that hurt Kyle. Again thanks for what your doing. I tell everyone I know about you and let's hit 1 million subscribers by end of 2021.

Thanks for the tips 😉👍

Nice tie!

If I was young again (I am now 69) I think I would study Criminology for an undergraduate degree and specialize in money laundering and write on the subject for publication. :)

I watched Good Girls Season 1, Elizabeth was a thing,,from drug dealing to cleaning the money. Good work

I am getting a very Saul vibe from this guy for some reason.

This is so so interesting.

Should I use Tide or Persol to wash my money? Do I put the washer on cold, warm or hot? How long do I leave it in the dryer?

I am here to improve my English. The way you speak make It is easier for me to understand. Thank you for sharing this video.

@lilsyevasifuentes7628

2 жыл бұрын

Interesting subject

"the newest form of laundering is art" I KNEW IT. especially the new modern art that goes for inconceivable prices lol

@mortygoldmacher

2 жыл бұрын

NFTs for tens of millions.

@shaneliffin6116

2 жыл бұрын

@@mortygoldmacher Yes!

thank you sir.

Block chain currency is an open ledger. Literally blocks of transactions are lumped together in an open source ledger and chained to the previous block. That’s why they call it block chain. Hiding transactions on crypto is next to impossible. Hiding identities is not impossible but difficult. Finding identities is time consuming. If you transact in crypto for illicit purposes, you are simply hoping you don’t get big enough to be noticed.

Done

done @Greyson Roberts

Wow! Sounds like you have been there and done that. Maybe you are the kind of lawyer Like Jesse Pinkman said about Saul Goodman. Hehehe just joking... thanks for a great and interesting history lesson on money laundering. I have been a poor Working Man all of my life and could barely afford the detergent to laundry my clothes. I might be able to scrounge up a couple hundred dollars if you want to launder it for me or maybe I'll just throw it into the washer with my next load of clothes. Hehehe. Thanks again for a great history lesson. I just subscribed because I'm sure you got a lot more good stories to tell and I want to hear them. Thanks again👍👌

Can you do a video about human trafficking? More people need to be aware.

I always think various huge tile and carpet stores are laundering money. Especially the ones located in small towns. Never see cars parked in their lots. Seems very odd.

@guaraches2

Жыл бұрын

In my town there’s always new mattress stores opening. It’s random af never any cars there

Better call Joshua.

I love routine of this Icon

Chandler from Friends LOL 😆

How do you report suspected money laundering crimes and why is it so difficult to get results before many more lose their life savings? And what if it is an international crime and your local law enforcement won't bother with it?

Does this lawyer actually have a tongue ring? Can’t say I’d hire a lawyer with a tongue piercing 😂

@Fanta....

2 жыл бұрын

Are you worried it's gonna get caught in your urethra or something?

How about the IP-IP TRANSACTION? Is thre any option to any country to do it ligally?

Quick question I Don't Trust Banks therefore I have other means of holding my money is it possible that mason jars full of money and be misconstrued as an illegal activity even if I have all the paperwork to prove that said money belongs to myself

Good info. Now we need the money to launder. 😂

you’re the best!

Hey thanks man

Totally agree Gambling

I didn't know Chandler was legally trained!

Yep...art market, money is laundered big time. Now they have exhibits at bars...for $11,000 a painting ...ha ha loop hole in the "know your customer"

So I’m curious if the world were to switch to a total crypto currency would there still be a way to launder or hide that currency?

@Fanta....

2 жыл бұрын

depends which crypto. currencies like Monero have built in privacy as standard. you cannot know who is sending who what money. it's all private. You can dip in and out of monero between different cryptos and it becomes very hard to differentiate what is what. In terms of Bitcoin, you don't need to show Id to create an account or receive bitcoin, however you may use that money to purchase something online, which you will need to provide a name and address to ship it to. this can be linked back to the account through that sale. Some currencies like Bitcoin Cash have the ability to Mix the accounts up so it becomes almost impossible to tell which accounts the money originally come from. Sorry for the long reply, But it all depends on the crypto being used, they arent all the same and have different methods of record keeping and digital footprints. As far as i'm aware, nobody has managed to compromise Monero, and it is widely used by criminals today due to the difficulty to be able to view the trail of money.

I expect crypto and nfts trading will be used more especially the pump and dump in crypto currencies. My thoughts... Thanks again for another worthwhile video.

@shaneliffin6116

2 жыл бұрын

Yes!

Thank you. This video and others, with knowledge of this sort are a real opportunity to learn information that previously required ‘…going college’ to learn from professorial experts. Some colleges focused on this type of activity are Statesville, San Quentin, Marion (aka, house of pain’), Fort Leavenworth and many more at this and others varying levels of knowledge.But to get a PhD one must attend one-off above

What about when the slot machines are audited and the amount of bills don't add up. Machines do register how much money actually enter on any given time.

@rhynosouris710

2 жыл бұрын

That's when your slot machine "repair" skills come in useful

Excellent explanation. Q.:So what about a lawyer who wants to use a forex account to receive funds for a transaction?

@JoshuaRoberts

3 жыл бұрын

Nothing inherently wrong with it as long as he accounts for it properly and reports any income as he otherwise should.

@bettyboop-xg6jo

3 жыл бұрын

@@JoshuaRoberts But : it is to sell me the 'units' (1000) in a NV LLC , LlLC being the owner of a Company in France, Europe, which in turn owns an Asset. (Real estate). Total amount: 4Mio usd. First 25k for the fees, then 4 mio. On his private forex a/c...UBO orr rather, 'member'of the units' lives in California.... many thanks for your thoughts. Am so worried.

Wow! Certinely learned a lot. But I heard that the "real" limit on deposits and withdrawals is not $10,000, but is actually $2,000 dollars. So if someone cashes in on their $50,000 Life Insurance Policy, IRA, Any Real Estate Property Sale, Received a Gift, Money from a Will, and so on, then deposits the money in let's say, two or three bank accounts, or credit unions, those banks, or credit unions, all have to report those deposits. Later, the person buys a house and decides to pay cash and then withdraws all the money from those two or three banks, or credit unions, they have to report the withdrawals. How do you prove there was no money laundering involved, especially if that person is still depositing some, or all of, his working pay check? So this may be one of the reasons I hear more and more about criminals dealing in "cash only" transactions. Cash is harder to trace. I don't think money laundering will ever go away, but will always be here, particularly when buying and selling is done with "cash". It's probably on the increase because of increased taxes and most likely also due to government spying and intrusion into people's personal lives and financial transactions. Many honest people who have a "garage sale" probably do not report any income they made on sales from these events, as they feel that is their money and "why should I give it to the government, who will waste it on things I don't approve of"? I am sure you know all this, but it all comes down to one thing. There would be no reason for money laundering if taxes weren't so high and the government stop trying to take away people's profits with so many schemes, rules, regulations and laws, to do so.

My question is this back in the day they felt many things were illegal like alcohol, gambling and certain drugs and now it's being legal is it because the government gets something out of it and if so they really don't care what happens to people as long as they get something out of it

Go Go/Stripped Dancers Interesting aren't they very tempting

It's chandler from friends.

Joshua, just to be clear, does this mean that criminals will still basically pay their full income taxes on legal AND illegal income through a front company in order to "clean" their money?

@ivant5054

Жыл бұрын

they can if they choose to, or they could get all their income and declare it as expense *in some OTHER country* avoiding to pay tax money laundering has been primarily used to avoid taxes, and not as much to make illegal money appear legal

I love the topic of Money laundry

HI Joshua, I have a question for you. A liquor store owner shows unreal credit card sales going through Heartland. Could this be a form of money laundering? The inventory does not match the sales. It appears that the 50% owner is trying to prove theft over the other owner to steal the business for himself. I would appreciate your viewpoint here. Thanks.

@JoshuaRoberts

3 жыл бұрын

Could be money laundering...could be theft. Hard to say without a lot more info.

@TheSmartLawyer

2 жыл бұрын

Requires a forensic accounting

Montana Realty Company was notorious for money laundering

Do bank transfers for cash class as money laundering?

I thought I was watching Matthew Perry!?

Can a high ranking COSA NOSTRA member Launder money using an Insurance brokerage firm as the middle man?.

They must be on to me! I ain’t search for this…..

nice video

The boys from Office Space could've really used this advice.

What's the current practices of PayPal

I wanna ask him questions about da hippo law.

Can you use a pawn shop to launder money ?

The Croc of Wall Street Street was hopeless at this.

Give Away! I once went to a appeals court hearing on aviction (I filed an appeal to buy a little more time to move to another rent house), and my defense is the new landlord, the police officer and dog catcher committed a 2nd degree felony (20 years prison and up to $20,000 fine) of braking and entering a habitation (being lived in), by the new landlord lying to the police that I been avicted a month ago and left my hound dog locked inside the house without food and water, showing the officer a wrtten judge order ruling against me on aviction...he just deliberately refused to tell the officer that he was susquently served a appeal hearing date for him to attend in four(4) more days----hence braking into a residence and the property they stollen was my hound dog(put into dog pound). I filed a pre-trial suppression hearing motion over the forgoing, that their was no probable cause to enter the house and is a direct retaliation against me by the prosecutor/government for my desior to file this appeal in this court as the prosecutor/government intent to obstruct the court and any adequate investigation into the matter. The prosecutor immediately dismissed the case. I informed the judge that I already had moved, I no longer live there. A hell-of-a aviction hearing. I won. No aviction on my record.

Money is gold and silver, The notes you have in you pocket is currency. Tell the truth sir.

And offshore banks?

As a kid I thought people actually washed the money .... LOL!!!

Especially the options art's those pictures or relics they put a lotta money into it just to laundriyng the money the Richie's 1%

How You Spell "Omerta"..........in American Laundering

You got.4.0 gpA.marvellous.

I love finding a 20 in my pants pocket after laundry. Lol

Isn't the lawyer representing the accused (who for this argument sake we assume is guilty) is being paid w/ at least SOME of the ill gotten gains - (if not from the current crime - from previous ones), because surely the criminal did not just start w/ 1 sole crime from 1 period and everything before then was strictly honest work? Of course. So, where does justice begin, and where does it end, I ask you? The answer is - there are gray areas all throughout life.

Good shit, we had to learn this through years of fuck ups.

washing money sounds like counterfeiting...