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mikesouth · 08-20-2017, 07:22 PM

I think MindGeeks biggest fear is age verification...they would spend a LOT of money to defeat that because it undermines their business...what percentage of their customers do you think would give them a credit card number even if they promised not to charge it? even if its 10% which I highly doubt, you have just undercut their income by 90% or more....I am not saying they are but if they are laundering massive amounts of money they have to have the means to do it, that means they have to have enough LEGIT business to hide it...Its not as easy as you think

Lets say I launder money through a charter fishing business....I get cash to take people fishing...2500 a day I can collect that charter and never leave the dock, deposit it as income and poof its clean....BUT

What happens if the feds start looking at me...did I buy enough gas to cover those charters? bait? Am I paying a mate? All of a sudden things arent adding up..most people have no clue how complicated it is to was a billion dollars..the going rate for doing so would be 200 million.

Now look at the internet and the product (traffic) you can measure traffic but its hard to put a legit price tag on it...the infrastructure is there and they cant nail me by counting my inventory set up a shell corp in a non us banking friendly country use my traffic company to sell that company some traffic keep 20% buy something from that shell corp and poof the moneys clean lather rinse repeat.

08-20-2017, 07:22 PM
mikesouth Confirmed User Industry Role: Join Date: Jun 2003 Location: My High Horse Posts: 6,334	I think MindGeeks biggest fear is age verification...they would spend a LOT of money to defeat that because it undermines their business...what percentage of their customers do you think would give them a credit card number even if they promised not to charge it? even if its 10% which I highly doubt, you have just undercut their income by 90% or more....I am not saying they are but if they are laundering massive amounts of money they have to have the means to do it, that means they have to have enough LEGIT business to hide it...Its not as easy as you think Lets say I launder money through a charter fishing business....I get cash to take people fishing...2500 a day I can collect that charter and never leave the dock, deposit it as income and poof its clean....BUT What happens if the feds start looking at me...did I buy enough gas to cover those charters? bait? Am I paying a mate? All of a sudden things arent adding up..most people have no clue how complicated it is to was a billion dollars..the going rate for doing so would be 200 million. Now look at the internet and the product (traffic) you can measure traffic but its hard to put a legit price tag on it...the infrastructure is there and they cant nail me by counting my inventory set up a shell corp in a non us banking friendly country use my traffic company to sell that company some traffic keep 20% buy something from that shell corp and poof the moneys clean lather rinse repeat. __________________ Mike South It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.