I guess I don't understand what all is categorized as 'money laundering'
I thought it was a technique to take dirty money (money earned from illegal ventures) and make it clean, i.e. spendable. You set up a bogus business to channel drug money into and it emerges as legitimate business proceeds.
The naughty college bribery parents are being charged with money laundering for making CLEAN contributions to a bogus nonprofit organization, which used the funds to bribe college staff. I see how this is fraud and violation of nonprofit status. But how are the parents laundering money?
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Posted: 04/17/2019 at 11:08AM