Comment by philwelch
2 days ago
This is interesting to me and I see why it would work in a place with lower state capacity but in more developed countries it’s not a great strategy. You want your money laundering to operate through high volume cash businesses. When I lived in Seattle I used to sometimes go to a sketchy cash-only teriyaki joint. The food was great and they were always filled with paying customers. Sadly, they were later caught and shut down.
The scaryaki joint on 3rd? Weren’t those guys also fencing stolen iPads or something?
That place had super good food though!
They were fencing stolen iPads! I assume they were also laundering the stolen iPad money through their teriyaki cash flow, but it’s easier to get away with that if you actually have teriyaki cash flow.