“If we were serious about crime, we’d take most of the cops off the streets and replace them with accountants. Taking down the financial underpinnings of a criminal enterprise is way more effective than busting their entry level contractors. Money laundering can be incredibly simple — Joe sells weed, Bill has a sandwich shop. Joe needs pay stubs so he can buy a house, Bill’s shop isn’t making quite enough money yet. Joe hands Bill $500 in cash a day, Bill puts Joe on payroll. Bill rings the $500 through the cash register as 10 extra orders, pays Joe (including payroll taxes) $250 a day of legal money, and keeps the rest as profit. Assuming Joe doesn’t get busted, this can continue indefinitely as long as they keep trusting each other.” – C Zed, “Foundations of the #MoneyLaundry – A Twitter Seminar”