How Tainted Money is Funneled Via a Bogus Business

Another way for the morally grey (eg. politicians, government officials, corporate employees, lawyers, judges etc) to conceal their deals is to funnel money through a bogus business owned by family, relatives or cronies. This is similar to using a rookie except more effort has to be made to make the money look legal.

(The cartoons are courtesy of www.clipartguide.com).

(1) The gift bearer and the morally grey person agree to the deal.

(2) The gift bearer fabricates requirement for some bogus business service that is hard to detect (like consultancy or marketing services) that he will contract and pay to a sham business owned by the morally grey person’s family, relatives or cronies.

(3) The sham business makes a pretence at delivering the bogus service and quite likely will also fabricate delivery notices and invoices to make it look legitimate (if it’s hard working).

(4) The family, relatives and cronies withdraw the money from the sham business and gives it in cash to the morally grey person.