Hacker News new | ask | show | jobs
by conanbatt 1878 days ago
But is that money laundering?
2 comments

> But is that money laundering?

fraud isn't money laundering, however cashing out fraudulent gains by using a corporation is the textbook of money laundering.

> Kail set up a corporation to receive bribes from Netflix contractors, the DOJ said.

The article is quite clear about that.

It is if you try to disguise the source of that bribery income as something else in order to declare it as income.