Money-Laundering Expert Rates 8 Money-Laundering Scams In Movies and TV | How Real Is It? | Insider
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- čas přidán 7. 06. 2021
- Retired FBI investigator Jerri Williams looks at eight money-laundering scams from popular TV shows and movies and rates them based on realism.
She looks at "Ozark" S1E4 (2017), "The Wolf of Wall Street" (2013), "Narcos" (2015-2017), "Breaking Bad" S5E8 (2012), "Scarface" (1983), "Mickey Blue Eyes" (1999), "American Made" (2017), and "The Girl With the Dragon Tattoo" (2011). In the video, Williams analyzes scenes where money is being laundered through businesses. Another form of money laundering is simply spending more than $10,000 of illegally-obtained funds.
Williams served as an FBI special agent for 26 years, working on major economic fraud investigations. She is the recipient of four United States Attorney Awards for Distinguished Service. She now hosts the true-crime podcast "FBI Retired Case File Review" and works as a technical consultant for TV shows and movies depicting the FBI.
Williams is the author of "FBI Myths and Misconceptions: A Manual for Armchair Detectives": jerriwilliams.com/books/fbi-m....
Her podcast can be found at jerriwilliams.com/
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Money-Laundering Expert Rates 8 Money-Laundering Scams In Movies and TV | How Real Is It? - Krátké a kreslené filmy
You know, when they wrote money-laundering expert, I sincerely thought it was going to be a criminal who was caught for laundering. Didn't expect the FBI here.
Same lol
Lmao so did I
Nobody expects the SPANISH INQUISITION
@@APAstronaut333 OH NO GOTTA RUN
if she was caught then that wouldn't make her much of an expert
The actual title should have been "Money-Laundering Expert teaches you how to launder money properly."
Shh, you're not supposed to tell them this!
Don't fall for the bait 😜
"Jerri, I know you're retired, but we got one last job for you. A sort of sting operation. You in?"
Idk if "sting operation" is right, seems ok?
Should *HAVE* BEEN
Hahaha
This channel is incredibly useful for writing about criminals.
So many interesting scenarios to write about! So many things that could go wrong or weirdly right! So many ideas!
Yeah, writing..
Or becoming one
exactly what im using it for! was looking for more info about drug transportation for a short story im working on and fell down a rabbit hole lol
Lol😂@@samp.8099
Someone once asked "who invented the techniques detectives use of stringing photos together with yarn to solve a case?" I suggested that was likely NOT invented by a detective but rather a movie set decorator in an attempt to illustrate what is going on in someone's mind. I think that also explains the stacks of cash seen in Wolf of Wall Street. Its irrelevant whether it actually happened if it adds to the scene or tension or some other aspect the director wants to convey.
Feel it was for viewers who need help to get connections while a detective doesn't they know the case
@@tanvi7532 Exactly. Its a way of visualizing something. I am doubtful whether detectives ever used that. Seems like too much effort. Now post-it notes on a white board with lines drawn, sure I can imagine someone occasionally trying to flowchart the sequence of events or draw out the relationships. But can you imagine police chief saying, "its time we turn this over to the Yarn & Thumb-tac brigade!"
Kind of like how everyone thinks every military operations center has a big, beautiful main display, maybe even a touch screen, maybe a lot of touch screens.
No, imagine an office from the sixties with computers from the early 2000s.
@@thermobollocksI doubt that. Alteast the US, their budget is way too high for them to buying “computers from the 2000s”
@@shishidoseijuro7770 Sorry to break your hopes and dreams.
This channel just has a full tutorial of how to live a life of crime
True😂😂😂
Lmao exactly heists, mafia, prison breaks, this and what not.
Watching for entertainment is one thing ... Doing is a whole another thing.
Yeah this channel helped me a lot, thanks Insider
FBI open up!!!!
You know you got the right person when she literally wrote the manual
Plot twist, you did a major in film studies
For armchair detectives lmbo
I like your profile pic
Thousandth like 😁
@@mutsawashemazvimavi637
That’s so satisfying to see it turn from 999 to 1K
I could honestly listen to Ms. Williams talk about her career experiences all day long.
Fbi retired case file review is her podcast
Yes
I love how she seems to be fascinated by and even respect the money laundering criminals
Because it's impressive. They have to keep coming up with new, clever ways to do it, and one slip-up means the end. The operations get complex, the schemes require so much effort, it definitely takes more brain power than working a cubicle.
It does get pretty interesting. I started documenting scams in online games and the things people came up with would have never crossed my mind.
Its much more difficult for a person to be a successful criminal than to do it on the straight and narrow path. Thats why people generally have a begrudging respect for successful criminals. We understand as we get older how difficult it is to do that.
She helped them commit the crimes. Otherwise we would catch them??
I'm kind of bothered that Hollywood does so well, generally speaking, in depicting money laundering. Of course, financing a terrible movie is a perfect way to launder money...
😂😂😂
OMG WAIT
Don’t forget the award ceremonies
According to Hollywood accountants, no movie EVER makes money.
The fact it bothers you makes me happy
"Write what you know!"
Hollywood: **writes money laundering with incredible accuracy**
wait til you realize the human trafficking done by the international bankers and heads of industry/politics
@@mattwaters9008 Is there a human trafficking expert video in this series...?
Have you seen how many movies get tons of money pumped into them and bomb... Yeah they know how to clean money pretty easily and get tax write offs for it too. The Producers wasn't veiled confession, it was bragging
"Write what you know!"
Hollywood : *writes Cuties*
@@dandman9373 woah woah woah, cuties was netflix's fault. hollywood is much much worse.
Back in the 70s, a manager at the Bob's Big Boy Restaurant I worked at in Arizona told me about a manager of a store that used to take the money from Friday's receipts and because the banks weren't open for deposit until Monday, use the money to buy alcohol in Arizona and then run it into Utah where many counties were dry, plus the state controls all liquor sales.
This manager was getting away with it, too. Until a sharp bank teller noticed all is the hundred dollar bills being deposited and realized most people don't pay for their meal with hundred dollar bill. She reported this anomaly and very quickly this guy got caught!
Your money is only safe IF you cannot get it into the banking system unnoticed.
A guy I worked with had a pretty good way to launder money. He did construction work for both homeowners and contractors. Homeowners paid with cash or checks that he would cash at their bank. This money was never reported to the IRS. He only reported the money he received from contractors because there was a paper trail. He then bought a house that needed remodeling every 2 or 3 years. He paid for as much of the remodeling as he could with cash- appliances, lumber, labor. He would live in the house for 2 years then sell it. He didn't have to pay a capital gains tax because he lived in the house for over 2 years. The IRS only saw that he bought a house for $200,000 and sold it 2-3 years later for $260,000. A tax free $60,000 profit.
Not reporting physical money to the revenue tax agency is the most common way of laundering money.
Howso? If you get paid cash aint nobody gonna report that but if they see it in his bank they gonna question where he got it from. I dont think op knows what money laindering is @mfd1993
Thats just tax evasion my guy.
@@mfd1993 As long as it's still physical money, it has never been laundered.
That's not laundering, good launderers pay taxes to legitimize money.
But how many times did she get to knock on her kids' room saying:
"FBI open up!"
That genuinely made me laugh. 😆
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Imagine trying to rub one out.
probably NONE she probably aint have time to have kids hahah
Lol
According to this channel-
Things Hollywood cannot get right:
1. Historical reference
2. Warfare
3. Dinosaurs
Things Hollywood gets right:
1. Money Laundering
🤨
Ofcourse.. Ever thought about why shi**y movies get made?
Pretty obvious
Isn't?
Hollywood get's right : money laundering because it does money laundering 🗿
Experience is the best teacher
I wonder how could that be
There are people in this world that I can listen to talk about their line of work for hours. Miss Jerri Williams is one of those people.
Thank you Gerri! Stay safe, sweetness! Mom did internal auditing for the State here for a while. You are a hero!❤
I once walked into an “antique shop” that made no sense at all. They had the kind of junk you’d normally find at a thrift store or in a landfill marked with outrageous prices, like a rusty hammer for $1,000 or a non-working cassette player for $5,000. I was the only “customer” in the shop and the person behind the counter didn’t acknowledge or even look at me when I came in, almost like they didn’t want me there. It was totally surreal. I’ve always wondered if that place was part of a money laundering operation.
go back and investigate
@@hollykm and missing afterward?
There's a mattress store near where I work. It's in a high-rent shopping center and sees almost no customers, but has managed to stay in business for the better part of 20 years. Either the owner of the place is really good at stretching the meager sales to pay rent, utilities and employees every month, or something shady is going on behind closed doors.
(Edit: If it is the former, then congrats on running a profitable legit business, mattress store owner!)
I know of a video arcade that is in a VERY high rent area, never has any customers, and has remained in "business" for decades.
Most money laundering businesses try to look legitimate, actually quite often they are a legitimate business that were failing and someone stepped in to 'help' them. Quite often the someone just does the books and all of the money laundering behind a desk.
To be that obvious they would either be doing something legitimate you are not supposed to know about or something else illegal on the property.
She is right though, stupid expensive modern art exists mostly to launder money
That explains the sheer amount of matress stores in US
People need beds, and drugs.
Nothing really mattress anymore.
You just saw that reddit post and are pretending you connected the dots on your own. Booooooi
@@HendersonHinchfinch I just saw that too! r/casual conversation or something
There’s been a video debunking this.
This was fascinating! I just rewatched Breaking Bad and was really curious about that side of their money dealings, and how it would actually work, as they never really go into detail about it. Seems like security measures NOW would make it much harder than the old days. Very informative video!
It's definitely gotten harder but it's never really been as easy as Hollywood portrays it. How did those cartels get all that money physically out of the US? They had to bribe customs workers, dock workers. Any shipments to Columbia were extremely suspicious, so a lot of records had to be falsified
Excellent video. Jerri Williams’ cool and analytical approach is both informative and great to see.
Amazing how concerned the IRS is with our low value transactions, yet congress is full of multimillionaires on $170k salaries
Most Congressmen are millionaires before they get elected. Blue Collar Joe can’t afford to take time off work to campaign like they do or have the connections to raise $1M on ad buys.
The system is stacked against us.
@@dr.floridamanphd its why we the people need to work together to othethrow this crap and not let the elite divide us, sad thats what been happening for a while now
@@dr.floridamanphd that's bullshit. Most congressman ARE NOT millionaires before they get Into to politics. Most of them study law at a very early age and are groomed to be politicians. Look at Joe Biden career politician.
@@PolishBehemoth career politicians who started young be having net worths of $10M+. Everyone and their moms knows that money didn’t come from their careers as politicians.
Ouch! Stop reminding me! Ugh!!!
I'm surprised that for Breaking Bad they just didn't show her the scene of Saul explaining laundering to Jesse.
I've seen it done on other channels, actually.
@@kevinschultz6091 Me too and the scene really doesn't explain laundering.
@@joelwillems4081 wdym?
@@monke980 My guess on what Joel Willems meant:
In the BB scene Saul explains roughly how laundering protects Jesse, but he doesn't explain *how* it happens. Saul wouldn't have gotten that deep anyway; he's ensuring he stays in the loop for billable services.
@Alvi Syahri Vanity fair
She did an excellent job explaining all of these scenes, I thoroughly enjoyed every minute of this video
I'm just curious here. How do you know she did an excellent job?
Thank you for your years of dedicated service, Ms. Williams. God bless you.
If you realize you have been tricked into implicating yourself in a conspiracy, you should contact an attorney. Not the FBI. People who say they have nothing to hide and once they explain everything will be fine, often end up doing time.
Not always unfortunately. The truth doesn’t always set you free. I do agree to get a lawyer though.
@@ligmaballs0911 I take your qualification well, but I would qualify it further. I think that our legal system is predicated on the idea that if you have two sides pulling with equal force, the advantage of truth will decide the victor. When one side lacks a sufficient advocate, you are more often railroading someone innocent than catching someone who otherwise would have weaseled out.
I was gonna say the same thing. Once you talk to the FBI, you’ve shown your hand and have lost any leverage you might have had.
@@davidb8373 But why wouldn't the FBI(or police in general) help out the person who is genuine and shows their hand? DO they have any hidden agenda or incentive to do otherwise?
exactly! blows my mind that people actually think cops care. The more people they can convict the happier they are.
“The IRS wants to make sure they get their cut” weird that she uses a phrase that is most often associated with the mafia when discussing the IRS.
They are the mafia lmao
@@helpabrothawithasubisaiah5316 No doubt!
@@familytrieserichiltz940 go watch the documentary "america from freedom to fascism"
It shows you have the IRS is illegal and has no grounds to collect money from us, people have beaten the IRS in court by simply saying "show me the law that says I have to pay taxes and I will" and they couldn't provide it and the jury ruled in their favor...
Our founding fathers viewed taxing a man's labor as slavery, they never intended for labor to be taxed
@@familytrieserichiltz940 I think tax on goods is fair game, but property and labor is not...
A man should be able to pay off his property and truly own it and never worry about it, and he shouldn't have to give a portion of his physical labors proceeds to the gov
@@helpabrothawithasubisaiah5316 oh god a sovereign citizen
Pretty sure my previous employer was laundering and the store I worked at was one of their front businesses.
They came from asia to my country, without speaking the language opened 3 gifts stores at once, all in very random and hidden places, didn't bother to advertise their business at all, literally 0 advertising.
Everything was overpriced, they absolutely refused to put any discounts ever, also opened a wholesale business.
We barely got any custom to stay afloat yet they somehow kept their stores open and us hired for 2 years.
Then one day bosses arrived to the main store I was working at all flustered, argued in their language then 30 minutes later we are all getting laid off and being told all the shops will close.
Less i knew the better so i just accepted it and moved on.
Auntie out here dropping that wisdom like it's hot!! This is the first video I have ever watched on CZcams that I absolutely loved and enjoyed and nothing distracted me, not even the comments. Shout out to Auntie for such an informative video. ❣❣
Just want to highlight some bad advice at end when she says this is the time to come clean to the FBI. NO, you come clean to your lawyer, never speak to law enforcement whether you know you are guilty or innocent.
You are right but she's an ex-cop so she's thinking of what's best for law enforcement, not individuals.
A lawyers job is to disprove the evidence that the prosecution presents beyond a reasonable doubt. They don't care whether you're guilty or innocent, telling them all the details, or whether you are guilty or not doesn't make a difference in a defence case.
No, she was right. The guy she was referring to did not knowingly commit any crime. If he told the FBI as soon as he realized it he would be fine. They want the criminal, not the auction house guy who sold them the painting. FBI and police are different. FBI want their guy, police just want anyone.
@@clintonleonard5187 Nope, sorry, talk to my laywer...period.
@@clintonleonard5187 Except ignorance of the law is not a valid defence for breaking it. Absolutely, the FBI can and probably will cut you a deal but they're under no obligation to. Don't throw yourself at someone else's mercy, especially when your freedom is at stake, when you can easily get someone on your side to walk you through your options first.
“This is totally wrong, unrealistic, and just plain stupid… I give it a 10/10”
wait what's the timestamp lol
@@KevinGonzalez-en8fd I'm literally seen not a kid but yeah thanks for the useful comment
@@broodjekaas820 did you find the time stamp kiddo?
@@isaias8996 y’all some weirdos
Hey kiddo, got it already?
Very informative and pleasant to listed to your description, you have great credibility. Thank you.
I love your video. When I watch movies like this I like to know what is not likely to happen in real life. In addition, it sounds like you were very content in this position. You certainly know your stuff. A added bonus for me was getting movie titles so I can watch the ones I have not seen, I've only seen one movie/series on your video. Thank you.
Notice how she calls Escobar “legendary” and not “notorious”.
She a simp
He is legendary, the best at what he does and its not even close
Bruh
@@Obsiidian he's dead bro
She not wrong. Man took the drug business to the highest peak and forever will be known
"Yo, we gotta launder this money"
"Bet, I'll fire up the washing machine"
In breaking bad if the wife wasn't a Karen, Walter would never have any problems
That’s what I thought when I was a kid lol
Saying "bet" automatically nullifies any point you're trying to make and make yourself look like a little kid. Nobody says that.
@@firstlast-wm3li dog shut up, who cares
@@firstlast-wm3li " nobody says that "
You dont know much i see.
I saw one movie, where they were robbing banks, then going to casinos with the cash. They would hang out at the casino a while, only playing a little bit, then cash the chips out for a cashier's check, addressed directly to a mortgage loan account.
I wondered about this.
incredible video, hope you guys bring her again
For the Breaking Bad scene, Skyler actually said that weighing it didn't work for the reasons said in the video. This was just cut out
You can get a rough estimate weighing it if you only have one kind of bill..
Its not so far off that you'll be off tremendously
@@helpabrothawithasubisaiah5316 yeah if you broke it into denominations than you could count a hundred bills of each denomination and compare that to the weight of the bills and you'd be pretty dang close.
Modern .money counting machines in stores used weight.
@@JoJoJoShredder also bills
I actually used to use dollar bills as a demonstration. Also provided by others. I have probably weighed thousands of random US bills. Obviously this is still a fractional sampling compared to what Skyler had, but still, only those bills that had tears, tape, or (so gross) were damp ever weighed more or less than 1.00 grams.
It always blew my mind a bill from the 90s would maintain its weight like that. Wish I could say the same :p
What a lot of people don't understand about the representation of criminal activities in film & television : it is not in the best interests of the producers to be 100% accurate in how those activities work. Many of the errors or omissions are deliberate.
They're also going to do the thing that they think is most entertaining, over accurate.
Cant expose the real methods. They arent worried about people replicating them but that these hidden criminals aka politicians and the like will be exposed
Isn't it illegal also to be "broadcasting" real factual ways to do this ? Cos then it would not be "fiction", would it ? Maybe some parts of it may be true, but many parts are made up surely. But this "low down" is also a bit weird too...
@@MeiinUK I don't it's illegal because this should fall under the freedom speech/expression. However it may open up the producers to liability issues. Kind of like the way Google Maps doesn't have to legally blur out license plates but they do it anyway to prevent being dragged into potential civil and criminal cases.
@@zambani : It depends on which country you represent Dexter... cos as much as broadcasting is "global", each country, can have their own media's representatives and authorities to literally block you, asked you to censor, and more. The "internet" has not broken up, but it does not mean that, there is carte blanche... of materials... and because those who are underqualified are pushing that boundary... Well.. we are all in it now really.
Great show! Really fun! Thank you!
13:22 she imagines it's a lot easier to destroy evidence that's on line rather than on paper? I would think it's the other way around. You can never tell where information on line is stored, how many multiple places it's backed up or copied. A box of paper you can just burn.
I could listen to this woman read the phone book--such a soothing voice.
Accidental ASMR
@Jack Strawb What do you mean she's one of the criminals
@Jack Strawb she’s FBI agent
@Jack Strawb she might be in the wing but that doesn't make her a criminal. Legality is not morality.
She actually has a podcast.
The IRS isn’t difficult to understand. Give them their cut and they’ll let you live your life.
Taxation is theft
@Pham Hoang Gia Bao it's a meme
@Pham Hoang Gia Bao he’s not wrong though, taxation is theft!
@@Redsoxking No it's not, and if you don't like it, feel free to move to some libertarian paradise, like Somalia
@@hannibalb8276 hi AOC that isn't a liberterain country
In the first clip, "Ozark" they actually explain that they can't never deposit more than 10k in american dolars. There are a couple of episode that work around it, and how it was a too small amount to wash so they couldn't make the promised amount to the drug lord. Meaning getting killed was a threating posibility. So a 10/10.
Exactly. Ozark is brilliant. I think it is better than breaking
She's not going to admit that it's making sense. She's part of the teams that were assigned to catch money launderers she doesn't want to promote any good ways to do it
@@davidmckesey7119 BB is not specifically about laundering money tho
I heard of people being caught for depositing 9999 and being flagged
@@terrancewhite5660 because depositing $1 below the allowed limit is highly suspicious
This is the best one of these I've seen yet.
It’s that Joker scene where he makes sure that the IRS gets their share. “I’m crazy enough to take on the Batman, but the IRS? NOO Thank you!”
I was just thinking about that episode today. It's called Joker's Millions and it's hilarious.
Batman sends him to Arkam
The IRS sends him to Alcatraz like Capone
What movie was this
@@ezrapierce1233 I think it's actually one of the animated series but I don't actually know since I don't watch batman but I do recall the scene
That's from a Joel Haver video I think. I'm not sure though.
Next: Politicians rate political corruption depicted in films…definitely house of cards
I WILL NOT YIELD!
“That’s just wrong, we don’t lie and murder” 😬
HOC is pretty unrealistic actually
I miss HoC
@@robertb8629 is it though, yeah it gets a little funky like a politician directly murdering someone is a little goofy. But how he whips votes and cuts deals with lobbyists is pretty legit. Also the part where he declares entitlements an emergency taps FEMA funds is hilarious because not even a year later Trump did that exact thing for the border wall. It’s really not that far off
She is a sweetheart, I loved how calmly she was explaining.
Very informative! Thank you!!
"If they believe those funds are part of criminal activity, the banker would not accept those funds"
HSBC: "Hold my beer"
I've actually had issues in the past trying to cash a certified cheque and even an american express travelers cheque. In my experience banks have completely walled up any time you try and take any sum of cash out over a thousand dollars.
HSBC: "Sir it appears you bring the exact same extra large briefcase in everytime and it won't fit through the teller. You'll be glad to know we hear your frustration and have retrofitted our teller windows so your drug money...errr I mean legitimate loney can now fit through easily"
Factzzzzz
UBS as well
Indeed, I agree with every bit she said but that banks won't accept money from someone they don't know? Come on be realistic.
It's nice that all these lessons I've learned are relatively accurate. If only I had the cash to actually apply it!!
@Gerr Gerring nope I did it
@@justaorangewithapeel7986 im calling irs and the fbi
@@justaorangewithapeel7986 you did? How did you do it?
@@williambarney2874 he did his mom, leave the context out of it
@@yourfriendlyneighborhoodcl4824 please don’t they don’t know yet I am making billions
thanks for the advice! really helpful video :)
This video was really helpful Thank u so much
Breaking Bad gets 10/10.
“You’re goddamn right.”
Most overrated show of all time.
@@BourbonInhibitions why?
@Drew L how’s it feel to be wrong
haha, I see what you did there.
@@BourbonInhibitions Are you kidding?
Damn. It’s so clear once she explains it but it really had never crossed my mind that the piles of physical cash were totally out of place in the context of The Wolf of Wall Street
Thats the first thing I thought of when I watched it I was thinking it doesn't make sense
It was a movie.... all of the piles were explicitly placed for the camera shots. It conveys an air of opulence and absurd wealth. Moving money conveys the idea of high level/risk with every turn. But it doesn't have to. The hardest part about laundering money is the tedium. Only the lazy get caught
As she said, the money was allready in the banking system.
He had no nead to "wash" it.
He was trying to comit tax fraud.
He sent his money mule to switzerland where she was told to deposit the money in a swiss number bank account.
Thank you for this info. Now if you excuse me I must improve my money laundering strategies.
Thanks for the tips!
This lady sounds like she's led a fascinating life. When does she get her own Netflix special?
Right?
omg I would watch every season 😄
Sure, the viewers are going to enjoy the show. But who is going to face the repercussions from drug lords and criminal thugs!?
She’s got a podcast, look her up! It’s a cool podcast
@@Bdalb5 As soon as I heard her voice, I yelled out ITS JERRI! 😃
This reminds me of a story my gran told me about some friends of hers back in the 1980s who lived in Mozambique. They were moving over to South Africa but wanted to bring over quite a large amount of undeclared cash. So what they did was remove the tires of their car from the rims and packed the notes into the tires and then put the rims back on. They drive across the border, they get past the border control without issues, but when they opened up their tires, the money was completely shredded and also sustained burns from the heat. I can't remember how much money it was but apparently it was a lot even for today's value.
Seriously, the easiest way to move cash is to mail it. USPS will deliver five pounds of "papers" for under $20 with tracking.
If you are mailing $100 bills (that weigh Skylar's one gram each) that's $227,000 . Signature Confirmation of Delivery might cost a bit more.
@@adajanetta1 USPS in Mozambique. You'd be lucky if the recipient got the box, let alone the contents.
@@adajanetta1 customs opens everything , if it were that easy everyone would be doing it, mailing money would only possibly work in national mailing and even then you'll be lucky to even receive the box.
Tyre balance is extremely sensitive, down to the grams. That money must have been extremely well packed to stop movement with the tyre and the wheels re balanced after the rubber went back on or that car would have been a horribly bone shaking ride with 4 unbalanced wheels
mailing unregistered cash across state borders may it be inside the us from state to state or across foreign borders now constitutes a federal to international crime increasing the possible prison sentence dramatically
Thank you SO much for the lesson!
Fascinating insights! As a money laundering enthusiast, I thoroughly enjoyed your expert analysis of the top scams in movies and TV shows. Your expertise brings a unique perspective to these intriguing storylines. Thanks for sharing!"
Not even 5 minutes in and she is giving me traumatic flashbacks with that 8300 form lol.
I work in a used car dealer, and even if there's not suspicion, any payment over 10K done in cash or cash equivalents, we have to fill out that form. A few years ago the local Reservation got awarded some money, and a lot of the members that received a potion came a bought cars. After all that practice I can fill that form in my sleep with my hands tied behind my back lol
Tbf, having someone buy a car in cash would be a really good way to spend illegal money if it weren't traced.
@@Kenionatus Oh I'm sure that's the reason why they came up with the form.
@@Kenionatus lol, no since car dealerships have to fill out CTR and the purchase will come out as suspicious. In fact I know one case of US Army officer who was embezzling money using Iraqi Dinar fluctuation to skim the profits, that got caught since he bought luxurious car. He was the poster boy of embezzlement and laundering in the army, was West Point graduate abd in charge of finance handling in Iraq for US forces.
@UCrX_6Cdi7HzRcPRpFQ10Cwg Michael Dung Nguyen is the name if you are interested to read up on him.
Another form of regulation. Sooner or later it will be $5,000.
She's the definition of "help, somebody call the police... But not for me"
I just learned a lot about money laundering.. perfect person to explain and articulate it!!!
Calling her a "money-laundering expert" gave me a different impression until she said she was a former FBI agent.
NFTs are the new machine for laundering money with "art"
The dumbest timeline
Art has been a money laundering racket since time immemorial. The fact that NFTs are now considered art just goes to show how dirty expensive art can be. And, of course, how dumb people are to consider NFTs art in the first place..
Actually, they seem bad for this purpose as transactions are carefully documented with blockchain. Coming home from North Cyprus with a painting would be less-well documented.
Thing is, you can trace every single transaction and its origin on the blockchain. So where the money came from, how it came in your account and how it hits the exchange. All visible. It's almost impossible to money launder using the block chain....
@@GerryBolger Yeah, you could sh1t on a canvas and people will still buy it for millions, and you got those art guys who defend it in the name of minimalism bullshit when it's just for tax evasion and money laundering.
I once went to get a hair cut at a hair salon. There were 3 ladies there and a guy sitting in a chair. The ladies were flirting with him as I walked in. They all stopped and stared at me. There was sooooo much parking space and no one there but the three hair cut ladies and the guy. Next to the place was abandoned motel hut rooms and a car junk yard. I said I wanted a trim just 1/2 inch. The guy told me to get a card and call to check to see when the lady that does trims comes in. I ran out of there. Lol. It’s still there and of course empty with 1 car always. No customers ever come and go.
That pimp informed you right.
Thanks for the info!!
This just proves that it takes hard work and brilliance to be a successful criminal.
I worked Vice narcotics over a year. Every DEA agent I ever met was a small-time. They arrested kids selling weed. You showed him a bag of money they would faint. And if you ever pointed out a real drug dealer they would run and hide under a rock. You don't do anything except wait for things to fall in your lap.
I think my favorite 'drug lord' bust they ever did was Pickard. They only caught him because he tripped security in missile silos, and the only reason they called him a 'drug lord' was because he synthesized kilos of LSD. You know, the drug so potent that a kilo is the equivalent of 10 million doses.
@@17thshard62 99% of the drugs coming in this country are through the US mail.
@@17thshard62 Have to correct you there. I was under the impression that Pickard was only caught because Todd Skinner snitched him.
@@17thshard62 - Are you talking about real case??
Once on eBay, I came across an old, 8 inch long, rusty metal bolt up for auction. For $30,000. And it had one bid on it. I assumed I had stumbled upon a case of money laundering.
Yeah . or maybe it was a really cool rusted bolt
What did you say about my rusty metal bolt selling business?
Or maybe you overpaid for a rusty bolt, 6/10
I bought the bolt... was the first bidder and got totally screwed.
@@danwally4754 were you hammered when you made that decision?
Ozark does go on to mention the $10,000 limit and other things she thought they missed. They also just fudge a lot of detail in the middle too.
The art portion was very interesting considering an artist sold an “Invisible Sculpture” at auction the other day.
It's pretty common to use art to launder money, and explains why the outrageous hundred millions for some pieces. This is how the Royals transact as well as elite Families.
@@mcm4981
Yup. And now they're using NFTs
@@mcm4981 That is more rich people doing rich people things with money. Along with the fads of rich hobbies, and what is fashionable.
@@golddie8 interesting, have not looked into NFTs or kept up with crypto.
@@mcm4981
Digital "assets " or art pretty much sums it up.
I worked at a major bank for two years, and had to take training on recognising money laundering and terrorist funding. That's probably some of the most interesting mandated training I've ever done as an IT worker. This does not disappoint.
So how would you know a person was laudering?
That's so ignorant. They should teach you how to stop bank robbers or spot con artists trying to scam you, not recognize laundering
@@probrickgamer im sure the training extended beyond that
and the people at banks aren't supposed to stop robbers, theyre supposed to just give them what they ask for and let the authorities handle it lmao
This is an excellent video, provided by someone who knows what they're doing. TYVM, author.
In The Girl with the Dragon Tattoo, she isn't wearing a disguise to appear like the actual owner of the account, she's doing it so she can't be identified after the fact.
Yea but it was still identity fraud. The person she was ostensibly didn't exist which like she said is increasingly difficult to pull off.
@@andrewsav4865 In the sense that she was presenting herself as someone with legitimate access to the accounts, but they didn't really ask that. They just wanted to know that she had access. Maybe that's not realistic today, but that's not the criticism she made.
@@ShootMeMovieReviews She said that GWTDT was committing identity fraud and mentioned that facial recognition software (which can recognize you in disguise) has made fabricating/impersonating identities more difficult. She didn't mention GWTDT's motivation for wearing a disguise just commented on its practicality for the purposes of identity fraud.
@@andrewsav4865 But she wasn't committing identity fraud. She was not pretending to be any specific person. She simply presented the access codes as proof of her access and wore a disguise so as not to be identified as herself after the fact. I feel like this is repeating my original post. I'll just have to live with it if it's not clear to you.
Movies are one helluva drug. Props to non-reality and our boy the Immaterium for making this exchange happen in 2021. Peas out.
First clip: explains whole process
FBI Lady: 7/10
Narcos: they had to bury some of the money
FBI Lady: 10/10 a true masterpiece
Ofcourse she is FBI
Mainly because they were smart enough to know not to let it touch the system and to spread it out over time. Regardless they're fucked because giant amounts of cash physically were required just to maintain operations and it's highly detectable in other ways. Satellites exist. Lots more than that. Currency is legal tender from the gov to begin with so you think they don't want to know just generally where tf their money is and why it isn't in their scumbag pockets or more accurately why anybody is allowed to have any money to survive? No surviving around here time to kill everybody for no necessary reason. You think I'm joking but this is what the US gov is actually doing.
Yeah cuz the first dude was wrong
@@googlemail4241 this gave me cancer
thank you for teaching me the right way to do it!
She was awesome. More of her please!
A buddy of mine was a Lawyer who worked in downtown Newark in New Jersey twenty or so years ago. I remember one story he told me was there was this one Mattress store that was opened near his apartment at nearly all hours of the day. He explained specifically they only had one mattress on the sales floor, and a really big guy at the counter. He told me in the few years he lived there, he knew for a fact no one ever bought a box spring there.
I’d also recommend Jerri’s podcast. She talks to fellow FBI agents and discusses their careers and their most significant cases.
Whats her podcast called
Don’t leave us hanging, what’s it called???
cmon Alex!!!!
@@kimzgal Its FBI Retired Case File Review
@@FatherDyer1990 thank you, Alex.
Thanks for the tips 🤗
Thanks for the video. I was wondering how to do it. Now I can do it carefully.
When Jerri was talking about art, that really spoke volumes. So many of the top 1% have their money in other assets like art, collectibles, jewelry, and property, that it's hard to put face value on all of these things.
And with the NFT art it will get worse
No it isn't, half of that crap isn't worth the toilet they made it out of.
@@MaejorArray the wealthy know what it's worth too! They just circle jerk until they can justify spending millions on a used tampon in a cup.
@@Gr3nadgr3gory You're missing the point by a mile bro, art is technically worth whatever someone is willing to pay for it. Perfect for money laundering
@@seregarublev8915 the only reason milllionares spend so much money is because of the laundering. That's the point.
Everything about Breaking Bad is 10/10.
The pace in s1 and s2 a bit too low. Bcs is slightly better IMHO.
@@m0nte1ro BCS is even slower I'd say, but character development there is the greatest I've seen in tv series.
@@XpM_TEN agreed
Everyone knows how good it is so it’s pretty cringe to talk about it
@@m0nte1ro what’s bcs?
Good movie clips. Good questions raised. Explained a lot about nuances in "the art industry".
And fashion and digital currency and charities.
Really helpful tutorial! Could you do tax evasion next?
😂😂
1:04 As the Joker said: "One thing is messing with Batman, other thing is the IRS".
I searched for the keyword 'batman' because she looked like the government official batman often collaborated with, or at least shown when he was old
"Even I'm not that crazy!" -The joker
Pay ur taxes, 8/10
Joker never said that
@@taninmoores4943 He did, in one of the cartoon TV shows
I was hoping she would analyse Saul Goodman explaining the nail salon money laundering concept to Jesse in Breaking Bad!
Or Mike Ehrmantraut becoming a security advisor in one of Gus Fring's companies during Better Call Saul.
I think it is so spot on, you just can't discuss it anymore
She's gotta be the WORST FBI agent if she was supposed to catch bad guys.
I loved this!!! Thank You!!
She ABSOLUTELY knows where Carmen San Diego went!
😂😂 absolutely
I was trying to figure out where she looked vaguely familiar from.
And where Waldo is
And where to find Nemo.
It won't let me post the link but Defunctland made a video on Where in the World is Carmen San Diego that will surely put a smile on your face. Unfortunately Lynn Thigpen, Chief the head of ACME CrimeNet passed in 2003 but man, this woman could be the inspiration. They could be cousins, they look so similar.
Jerri was so fun. Please bring her back.
I thought she was lovely, even doing the outro like that. Would love to see her do more.
She has a CZcams channel where she interviews other FBI agents.
She is funner who jerri æ jerrzy jerrY jazzygunsæ
Yessss
@@DanDCool wordplay
Thanks for the help
Great tips. I’ll keep these in mind
All of the Breaking Bad fans here to make sure she gives it a 10/10
*W•H•A•T'•S A•P•P ••M•Y•••*
*P•R•O•F•E•S•S•I•O•N•A•L •B•R•O•K•E•R*
*•+1•3•8•5•3•5•0•0•6•8•7•*
*F•O•R•• M•O•R•E••D•E•T•A•I•L•S•*
*O•N••I•N•V•E•S•T•M•E•N•T*
Lol "it's kind of sweet, until the federal government comes and confiscates it"
Really nice series of video's Insider!
Coming from banking, I would say that the process of laundering money is never really done at least until the money is spent. People and transactions are investigated long after money is deposited at times.
That is true, i work in AML for a bank in AUS and a lot of the times we would still open an account for the person even though there were some red flags/were suspicious (with no definitive proof). That account would be flagged/tracked a lot closer and in the background a more in-depth forensic accounting investigation would be taking place.
This helps explain why a lot of modern “art” sells for millions.
Non fungible tokens are the new product for laundering.
Crypto currency?
@@TheBasil36 yes and no. NFTs hold their value better than crypto currency.
it's also a good way to avoid taxation.
Art is also a tax writeoff which isnt even laundring its just tax evation but then the legal kind
When I was a teenager, somebody paid me with a big wad of $1 bills. I left my jeans on the floor and the next day, all my clothes were washed, and all the $1 bills were on the clothes line in the basement. Of course, I had to accuse my mother of laundering money.
👏👏👏👏👏
If I was your mother, I would have taken all of the wet money and put it into the freezer. When you asked where your money was, I would have said that “your assets were frozen”. 😃
@@Willam_J You'd look very weird in my mother's clothing, you know.
@@ThatsMrPencilneck2U we don't kink shame around here man.
@@dylangallagher143 It's a joke, man! Dude, I didn't call you a TV. Besides, anybody that can't take a little light ribbing needs to be sedated.