Quote:

Quote:

racketeering and money laundering



Could somebody define racketeering and give me a real world example of
money laundering.



A racket is an illegal business. Engaging in a racket is called racketeering. A business (or production) created for the purpose of laundering money is an illegal business whether or not an actual salable product is created.

A porn example of a porn money laundering scheme:
You give me $100,000 to make an adult movie. I over-blow the budget everywhere and all the extra cash get pocketed. Then sales are overblown as well to justify even more cash as the "profit". Otherwise called "cooking the books".

Why? You got some $$$$$ to hide? (not that I'm offering, just curious)
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