Today I bring you a quick tutorial on how to launder your (Il)legal extra cash.
Let the master explain it to you!
Saul: You know you need to launder your money, right?.. Do you understand the basics of it? Placement, layering, integration?
Pinkman: I ain't(am not) buying no damn nail salon, so just forget it.
Saul:Well you want to stay out of jail don't you? I mean, you want to keep your money AND your freedom? Because I got three little letters for you: IRS. If they can get Capone, they can get you.
Hey, look. Here's you, right? Pink, Pinkman. Get it? Okay, here's your cash. You are out on the town. Yeah, you're partying hearty, and knocking boots with the cheeky babes. Oh, who's this? It's the tax man. And he's looking at you. Now, what does he see? He sees a young fellow with a big fancy house, unlimited cash supply and NO job. Now, what is the conclusion the tax man makes?
Pinkman: I'm a drug dealer.
Saul: WRONG. Million times worse. You are a tax cheat. What do they do? They take... Every penny... and you go in the can for felony tax evasion. AUCH! What was your mistake? You didn't launder your money. Now, you give me your money, okay? That's called placement. Hand me that little thing... BIN. This is the nail salon right? I take your dirty money and I slip it into the salon's nice clean cash flow. That is called layering. Final step, INTEGRATION, The revenues of the salon goto the owner, that's you. Your filthy drug money has been transformed... Into nice clean... Taxable income. Brought to you by a savvy investment in a thriving bussiness
Pinkman: So you want me to buy this place so I can pay taxes. I'm a criminal, yo.
Saul: Yeah, and i f you want to stay a criminal and not become, say, a convict... Then maybe you should grow up and listen to your lawyer...
After watching:
What is money laundering?
What are the 3 steps in the laundering process?
What do you think about Pinkman's attitude?
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