Word: laundered
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Dates: during 1980-1989
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...more direct ways, such as gaining job protection for them when 4000 layoffs had to be made after the passage of Proposition 2 1/2 White may charge Weld, a Republican, with political motives, but Weld has a lot to go on, most of all the apparent attempt to launder $122,000 in campaign funds by giving it to loyal employees, who in turn donated it as gifts for a planned birthday party for Mayor White's wife in 1981 (The party, which would have been held at the Museum of Fine Arts, was cancelled after public outcry over its extravagance...
...deposits of $10,000 or more, as required by law. And at least four banks, according to law enforcement officials, are controlled by drug dealers. Treasury Department investigators have long suspected that some smaller banks, known as Coin-o-Washes among both cops and criminals, were founded primarily to launder money for the drug trade...
Perhaps the most popular ruse to launder drug cash, and simultaneously hide it from the IRS, is the use of phony companies in the Caymans or anywhere else with low business taxes and helpful bank secrecy laws. It is one of many devices the dealers have learned by following the example of shady U.S. businessmen. Money is sent to the dummy firm, deposited in a local bank that U.S. government auditors cannot penetrate, and "loaned" to a company owned by the dealers back in Florida. That company can engage in some legal business, pay its owner a salary-giving...
...negotiable as regular currency is. People have learned, unfortunately, that you can use a food stamp to buy a lot of things besides food"-meaning almost everything from clothes to cocaine. The major thievery is done by organized crime rings that have infiltrated the program as a way to launder money. For example, a criminal syndicate that owns a check-cashing service may buy stamps from recipients with tainted cash, then have a meat market it also owns forward the stamps to Washington for reimbursement...