Say you owe a mob boss a large sum of money. You can't just Venmo him the cash, unless you wanna get rolled up in a racketeering charge, and he doesn't want you to do that either for the same reason.
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So you find a way to do the transaction cleanly. Say, through an antique rug dealer. You tell the rug dealer you're going to lend him $250k to (wink wink) allow him to buy new inventory.
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The rug dealer is going to use that $250k, minus a cut, to buy some new inventory (wink wink) he conveniently found at a cutout for the mob boss.
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Now you've written your loan vehicle with collateral so when the receipts for repaying that loan aren't found, you can just say, "I took the goods as repayment."
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Ideally, you do this with high value products that aren't traceable, like antique rugs that have no serial numbers and arbitrary valuations.
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So no, Manafort didn't buy hundreds of thousands of dollars of rugs. That's the point.
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It's not illegal to buy 100s of thousands of dollars of rugs. He didn't get indicted for his interior design tastes.
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When the indictments came out last fall a lot of people were like OOOH DAMN HE BOUGHT **RUGS** ONLY RUSSIAN AGENTS DO THAT and like no. Jesus, people.
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Replying to @EmilyGorcenski
Exactly. Said this before, but - you don’t launder money for the Russians to spend $1 million on landscaping. You spend $1 million on landscaping to *launder money for the Russians*
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Replying to @kate_dc @EmilyGorcenski
The $18,000 karaoke machine was a nice touch, tough. Points for creativity.
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Honestly I hope that was real
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