Thank you! I really appreciate your explanation. I know basic banking, and that is it! I did some reading about money laundering and the various ways it might be possible, but that stuff is extremely hard to wrap your head around if you're starting from scratch!
I would imagine once upon a time it might have been a little easier, but with computers and stricter guidelines to be followed, it seemed like it would be darn near impossible without someone raising an eyebrow at you. I would imagine the plethora of shady bankers/accountants that could be involved in this would be HUGE...yet still risky. It sounds next to impossible to get away with.
Out of curiosity, if this is even in your realm of expertise..Chris Senior purchased land with 30,000.00 down and financed another 30,000.00 through the bank. From what I understand, he basically did odd jobs at a place called Big Bear Lake State Resort park, sold repurposed cars and did the occasional excavation type work. Aside from having a legit W-2 from Big Bear, how could he go about providing proof of income for a 30,000 loan? He did own some land on his own, however the rest of it was shared between brothers and sisters as family land.
If he used 30,000.00 of his own money, surely this was reported income, right? If it wasn't, could this purchase somehow be flagged as suspicious?
I apologize if I am not making sense! I swear I'm trying!