CLEAN

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CLEAN

Post by Pags » Mon Apr 29, 2019 10:46 pm

Money Laundering 101




We aim to portray a realistic money laundering ring; showcasing an important aspect of organized crime.


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Here's a couple of finance tips I put together for Valenti members on the private forums. If you want to know more about laundering money, I'd recommend getting involved IC. Any faction or player can join this ring and we encourage all participants to showcase their acitvity here.

Tip 1: Understand that the IRS is as dangerous as the FBI.

The IRS (Internal Revenue Service) is a government agency that collects tax and sniffs out fraud. Every professional criminal worth a buck understands:

Your bank will report you to the IRS if:

- Over $10,000 in cash is deposited into your personal account.
- A series of related cash transactions equal to $10,000 are made.
- In relation to above, two or more transactions occur within 12 months.

This means unless your character lives off $10,000 a year, they need to consider managing their finances.

“Hey, I make $50,000 a month in street cash. Fuck it. I’m solid.”

Wrong. If you want to buy anything over $10,000 in cash, the business must report the transaction to the IRS by law. If your character wants to own a house, car, boat, or business, you cannot use street paper. (Sure, you can buy groceries and clothes, but that will only get you so far in life.)

If your character breaks these rules, they will be investigated by the IRS.

Tip 2: Manage your character’s finances realistically.

Firstly, think about the lifestyle your character lives. Take the following examples:

- A low-end outsider, young, no kids, rents a 1-bedroom apartment. Takes the bus.
- A long-term associate, middle aged, wife and two kids. Owns a house. Two cars.
- A high-ranking mafia member, multiple properties. Owns a business.

The first character could live off street paper alone. They could bank under $10,000 a year and pay for rent, food, and clothes with dirty money. They’re very much under the IRS’ radar unless they make lavish cash purchases.

However, the second character is vulnerable. With a mortgage, a family and two cars, they may need $50,000 annually to survive. Many illegal earners at this level will either have a legitimate job or a “no-show” to cover their illegal activity. Someone in this circumstance likely participates in basic money laundering practice.

Finally, you have those at the top. The biggest concern for a high-end earner is the amount of cash coming their way. This person is going to utilise a complex laundering scheme to ensure they are not investigated by the IRS. They are likely to have a large pool of legitimate assets, the majority of which make legal profit.

Tip 3: Not everyone pays tribute.

Simplified, there are usually two types of people in the mafia:

- Those who earn. Natural businessmen who generate profit from rackets and scores.
- Those who do “the work”. Thugs with a willingness for violence. Hitmen, robbers, muscle.

“I can play both.” Many say. However, ask yourself an honest question. Do you generate every IC dollar through RP? If you ever use your savings or legitimate funds to pay the skip, you are lying to yourself, your character, and the faction.

There is nothing wrong with being muscle.

“A shooter is, well, a shooter. A leg-breaker. A killer. Someone who can readily and rapidly use violence as a business practice.”

These men usually only kick tribute if they are involved in a score. The rest of the time, they are paid for their services. Note – These men also often struggle financially when they are made. They are termed “Brokesters”.
Last edited by Pags on Fri Jan 08, 2021 12:16 pm, edited 8 times in total.

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Re: CLEAN

Post by Pags » Mon Apr 29, 2019 10:47 pm

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Adkins
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Re: CLEAN

Post by Adkins » Mon Apr 29, 2019 11:13 pm

Nicely done Pags. Wanna see how this all comes together.

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Re: CLEAN

Post by Pags » Tue Apr 30, 2019 1:26 am

Adkins wrote:
Mon Apr 29, 2019 11:13 pm
Nicely done Pags. Wanna see how this all comes together.
Cheers bud. Us too!

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Re: CLEAN

Post by Pags » Tue Apr 30, 2019 10:49 pm

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Re: CLEAN

Post by Brigone » Tue Apr 30, 2019 11:45 pm

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Re: CLEAN

Post by dino » Wed May 01, 2019 1:08 am

clean
:two::four::heart:1️⃣1️⃣4️⃣
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Re: CLEAN

Post by Pags » Mon May 06, 2019 10:28 pm

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Re: CLEAN

Post by Pags » Wed May 08, 2019 12:14 am

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Re: CLEAN

Post by Hollow Hershman » Wed May 08, 2019 1:15 am

Loogadis guy
Tu Sais Pas

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Re: CLEAN

Post by Pags » Fri May 10, 2019 9:16 am

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Re: CLEAN

Post by Brigone » Sun May 12, 2019 2:20 pm

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Re: CLEAN

Post by Vadka » Sun May 12, 2019 2:30 pm

Brigone makes me wet

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Re: CLEAN

Post by Pags » Sun May 12, 2019 6:58 pm

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Re: CLEAN

Post by Pags » Mon May 13, 2019 1:32 am

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