Episode description
How do criminals turn their ill-gotten gains into taxable income? And how does law enforcement stop them? Zachary Crockett follows the money.
- SOURCES:
- Patrick McKenzie, fraud prevention expert and strategic advisor at Stripe.
- Kerry Myers, associate professor of instruction at the University of South Florida and former F.B.I. special agent.
- RESOURCES:
- "National Assessments of Money Laundering Risks: Stumbling at the Start," by Joras Ferwerda and Peter Reuter (Risk Analysis, 2024).
- "Hacker 'Washes' $25M in Stolen Crypto Through Magic: The Gathering Card Scheme," by Oliver Dale (Blockonomi, 2023).
- "Money Spending or Money Laundering: The Fine Line between Legal and Illegal Financial Transactions," by Matthew R. Auten (Pace Law Review, 2013).
- "HSBC to Pay $1.9bn in US Money Laundering Penalties" (BBC News, 2012).
- "How a Big US Bank Laundered Billions From Mexico's Murderous Drug Gangs," by Ed Vulliamy (The Guardian, 2011).
- EXTRAS:
- "Why Does One Tiny State Set the Rules for Everyone?" by Freakonomics Radio (2023).
- "Kafkaesque," S3.E9 of Breaking Bad (2010).