| Topic Name: |
money laundering |
| Message Name: |
black markets are definately interesting.. |
| Date Posted: |
05/06/2003 |
| In Reply To: |
I assume that the vast majority of criminal money is laundered. Because you don't read that much about them catching stuff. I would include fencing goods, going to a pawn shop, etc. as a form of laundering. And even just spending stolen petty cash is laundering. The cash was dirty initially. After spending for goods, it is no loonger dirty.
I guess, you could try estimating the cost of crime? Number of criminals times some amount of theft per person?
Interesting question. NOt sure that I really have a killer insight... |
| Message: |
My interest in black markets first started when I was learning about the money laundering schemes legit multinational companies were running to quietly carry out bribery/ back door agreements.
Ever since I've been fascinated with the organizational structure of black markets and how the whole system works. I'm especially interested in the relationship between the black market and the global economy (esp. the relationships between money laundering and financial/government institutions).
Too bad they don't really teach this stuff in college.
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