China laundering Mob money through U.S. casinos
- Thread starter ☑︎#VoteDemocrat
- Start date
Wait until the Dems when the White House and take back the senate...
Shot bout to get spooky for the mob brehs
Shot bout to get spooky for the mob brehs
I read this today in the US Attorneys Office, it's not really alleged it was state sponsored, a fairly standard drug/illegal money put into an illegal money transmitting business, which involved gamblers, a very typical scheme.
newworldafro
DeeperThanRapBiggerThanHH
Shot??
shyt
88m3
Fast Money & Foreign Objects
So basically like Hawala system that terrorists abused?
It seems like it,
As admitted in the plea agreements entered today before U.S. Magistrate Judge William V. Gallo, Han and Zhang would collect U.S. dollars (in cash) from various third-parties in the United States and deliver that cash to a customer, typically a gambler from China who could not readily access cash in the United States due to capital controls that limit the amount of Chinese yuan an individual can convert to foreign currency at $50,000 per year. Upon receipt of the U.S. dollars, the customer (i.e., the gambler) would transfer the equivalent value of yuan (using banking apps on their cell phones in the United States) from the customer’s Chinese bank account to a Chinese bank account designated by defendant Han or Zhang. For facilitating these transactions, Zhang and Han were paid a commission based on the monetary value illegally transferred.
Not quite a Hawala , which is more trust based, with participants holding money for others, and passing around a sum internationally as such.
As admitted in the plea agreements entered today before U.S. Magistrate Judge William V. Gallo, Han and Zhang would collect U.S. dollars (in cash) from various third-parties in the United States and deliver that cash to a customer, typically a gambler from China who could not readily access cash in the United States due to capital controls that limit the amount of Chinese yuan an individual can convert to foreign currency at $50,000 per year. Upon receipt of the U.S. dollars, the customer (i.e., the gambler) would transfer the equivalent value of yuan (using banking apps on their cell phones in the United States) from the customer’s Chinese bank account to a Chinese bank account designated by defendant Han or Zhang. For facilitating these transactions, Zhang and Han were paid a commission based on the monetary value illegally transferred.
Not quite a Hawala , which is more trust based, with participants holding money for others, and passing around a sum internationally as such.