Amex gift cards – save receipts and cards_ _ saverocity the forum money laundering questions

Click to expand…Yeah, we live in MSP, where police and prosecutors have bigger things to worry about than small scale MS.

The absence of positive proof and an accused’s big mouth, combined with $100K/month of entirely legal MS behavior can be spun into very ugly and fantastical accusations that will take some fancy lawyering (at a cost well in excess of your benefits from MS) to work your way out of. At the very least, it could turn your life upside down for months. Not to mention, a cop *could* assume based on personal biases and preconceptions, that a $10,000 plus pile of gift cards and money orders on your person are involved in criminal activity, and decide to relieve you of them and send you on your way.

I’d say, keep everything and keep it well organized.

I am more into reselling than MS these days, but I still do all my MS in batches, and keep the paper/plastic from each batch together (printouts from online billpays included), so that the entire flow of funds from a gift card purchase would be completely evident to anyone looking through them.Money laundering questions

My concern is that prosecutors and police have ample incentives to be willfully blind to exculpatory evidence, and have no incentive beyond their sense of personal integrity to do otherwise. At the end of the day, juries are still predisposed to believe what cops and prosecutors tell them on the stand. There are certain jurisdictions in wisconsin where I’d hesitate to buy MO with gift cards.

Having gift cards/receipts/deposit slips in hand and well organized, is dispositive proof that you indeed bought gift cards with your CC, cashed them out, deposited the funds, then paid your CC bills with the funds. It makes it much harder to sustain a fantasy of something that isn’t there. I don’t even use MS accounts for anything but MS, to keep things even simpler.

One more thought: MS isn’t money laundering, but MS activity can look a lot like money laundering.Money laundering questions

Both J. Random waiter and J. Random potdealer have a few hundred in small bills from pursuing their respective trades. Each swings over to CVS, buys a vanilla visa and loads it to his serve card at the family dollar next door. They both proceed to use their serve card to pay utility and phone bills.

J. Random waiter is not a money launderer, but mr. Potdealer is, but G-d help mr. Waiter if he’s roommates with mr. Potdealer.

J. Random manspender, has 1/2 dozen serve cards in his own and several relatives names. He maxes out each of his cards every month with gift cards that he buys legitimately; moreover he buys $60K of MO every month. He also enjoys considerable amounts of weed, so he uses the points to go on a first class/five star vacation for a few days in colorado. On his flight back, he gets nabbed bringing back a years supply of smokable and edible cannabis in his luggage that he took a cash advance on one of his credit cards to purchase.Money laundering questions will prosecutors consider bringing money laundering charges on top of possession with intent to distribute? Of course, they will. Furthermore, they will attempt to use the MS activity to define the size and scope of his business, never mind they can’t prove where the $90K of MS came from; all they need is some loser to claim their good buddy J. Random manspender hooked them up for a small consideration (and what weed smoker hasn’t helped out a friend in need?) to establish his bona fides as a dealer. A good defense lawyer will have none of it, but odds are that he can’t afford one and and furthermore sells himself down the river.

Kafkaesque, but that’s the world we live in.