ULPT Request: How to put a big pile of received cash money on your bank account

Posted by MellowMoyaMind@reddit | UnethicalLifeProTips | View on Reddit | 10 comments

What if somebody gave you 1.000.000 euros cash and you want to put it on your bank account without the bank stopping it while you can not proof where the money comes from. What is your method of doing this without losing lots of percentages during the transfer?

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johndoe1130@reddit

Start a dog walking business (or any service business that takes in cash) and invent fake customers/jobs to cleanse the money. You’ll pay tax of course. This is money laundering 101.

Alternatively, pay your bills and do your shopping in cash. Save 100% (or as close to) of your actual income.

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AcesSkye@reddit

This is good advice. The double whammy is that you can use the business to pay and write off a lot of personal expenses that can’t you can’t pay in cash (home office, utilities, vehicle expenses, food, you name it. Get a good CPA.) Businesses spend a lot of money, just make sure you don’t cross the line (hence the CPA).

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nevernothingboo@reddit

Buy antique jewelry, sell it, claim it was family heirlooms.

Or, buy loose gems, have set in jewelry, sell that jewelry.

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sparkchaser@reddit

Buy Bitcoin, sell Bitcoin, deposit money.

You'll lose a bit in the exchange though.

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