I think it's the same as if I set up a dummy corp. and had my legitimate company pay it money, then syphoned that money back into my personal account.
The laundering part is the process of obfuscating where the money came from, but do we know that is happening? For all we know they are brazenly just putting the cash in their back pocket, or on a pallet :)
It's embezzlement.
I think it's the same as if I set up a dummy corp. and had my legitimate company pay it money, then syphoned that money back into my personal account.
The laundering part is the process of obfuscating where the money came from, but do we know that is happening? For all we know they are brazenly just putting the cash in their back pocket, or on a pallet :)
Kinda makes me wonder how they manage to oversee it all and enforce who gets what.