vpFREE2 Forums

Money Laundering

#1

This occurred to me after reading the article about "money laundering"
at Mandalay...

It annoys me to no end when people have four or five (or more!) TITO
tickets, and they take FOR-EVER to cash out their tickets at the
self-cashing machine (for lack of a better word).

I remember reading something (here, possibly) about just feeding all
of the tickets into one machine, and then cashing out all the small
tickets into one larger-denomination ticket.

Could that be construed as money laundering? How about putting $100
into a machine, cashing out right away into a ticket, then redeeming
that ticket at the cashier?

Rico Suave

#2

It annoys me to no end when people have four or five (or more!) TITO
tickets, and they take FOR-EVER to cash out their tickets at the
self-cashing machine (for lack of a better word).

Me2

I remember reading something (here, possibly) about just feeding all
of the tickets into one machine, and then cashing out all the small
tickets into one larger-denomination ticket. Could that be construed
as money laundering?

No. Money laundering is taking dirty (tainted) cash and
legitimizing it - typically by depositing it into a bank account
or running it through a legitimate business.

How about putting $100 into a machine, cashing out right away into a
ticket, then redeeming that ticket at the cashier?

No.

ยทยทยท

On 31 Jul 2005 at 8:32, Rico Suave wrote: