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.
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
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.
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!)
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
Huh, never thought about it but it kinda makes sense. I mean, how often do people buy new beds? Isn't a mattress store kinda niche? I think it would be better to just sell beds in general furniture stores... unless you're laundering money
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...
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.
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.
Worked in the anti-spam department of an ESP as a work student. One day I got a request by a university to stop rate limiting their newsletter signup messages. Had a look in there and apart from a few real ones, most went "Hello thank you for signing up for our newsletter, [...]". Some script kiddie figured out this university doesn't verify what's in the name field of their newsletter signup and used their reputation in seemingly valid e-mails to dump their spam - had to look into the mails themselves to not just call them misclassified - and that's only possible if the customer agrees to have their mails checked for spam improvement purposes. Impressive, though I sent the university a strongly worded E-mail about what kind of E-mails they send and what I had learned about cross site exploits in IT security class (different university) the week before. They've since fixed the exploit. Still impressive how someone found this in the first place.
According to this channel- Things Hollywood cannot get right: 1. Historical reference 2. Warfare 3. Dinosaurs Things Hollywood gets right: 1. Money Laundering 🤨
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.
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.
@@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.
@@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?
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.
@@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.
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.
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 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.
@@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.
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.
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
@@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.
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
@@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
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.
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.
I was talking with the girl that filled our vending machines at work. I asked her "how to you account for the product you put in the machine? How do you do any kind of inventory against the money collected? She looked at me like I had two heads. "I just put boxes of product on my truck, load machines and collect the money" and all I could think of was money laundering.
@@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
@@bowxfire5275I honestly have my doubts about her comments on the wolf of wall street scene, she's right that the money they made was from an investment fraud scheme, but the money they were moving into switzerland was money they made through insider trading and pump and dump schemes, which means that it doesn't matter if it's "clean money" it's still money they made from an illegal activity that inevitably would be found out about
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.
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.
@@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
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.
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
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.
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"
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 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
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
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.
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
@@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.
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.
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.
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.
@@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
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.
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.
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
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.
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.
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.
@@aegis3141 they aren't inherently legal. They can absolutely violate people's rights and have an extensive history of it, making the individuals responsible for that in civil violation if not criminal or worse. People think you can just say (some agency) and everything is legal or "I'm da government durrrrr." It doesn't work like that. Insider threats are highlighted in literally every major threat report practically and if you're violating your oath, your mission, task, purpose etc youre at best useless.
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.
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.
@@midsizesedan7620 The boss is probably someone who grew in the organization because he used underlings to do the dirty work so he is not the most capable. I think the most successful criminals are those who work alone. Gangs are usually not successful because they have too many witnesses withing their own gang. When the 'spit' hits the fan for one, they will usually turn in order to save themselves.
@@FATillery what do you mean gangs arent succesful? There are entire countries pretty much run by illicit organisations. They're like the hydra of legend: they just regrow any of the limbs you take off of them, and there's never enough evidence to end the whole thing
Every time I go to the bank and take out 15k or more they always ask me what I do, I find it annoying but I guess for them it's some kind of way to see if I'm who I am because it's happened at different branches.
I really love how it has now become a trend on RUclips having all these real experts review tv shows and hollywood films. They're the ones who can really tell whether something is realistic or not.
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.
It's actually both easier and harder to destroy digital information than paper. Properly set up you can destroy digital records with the push of a button, but they have a nasty tendency to leave pieces of themselves lurking about in every system they've passed through, so part of the proper setup has to involve serious restrictions on where, when, and how the data can be accessed. All this makes it quite a hassle to actually use the data, so lots of criminals end up caught because they skipped the necessary security elements. Paper, by contrast, is relatively easy to keep track of physically. Opening up a paper file and reading it may leave your fingerprints on the paper, but it won't leave the text of the page on your fingers. There won't be dozens of copies lurking around all over the place that you need to track down and scrub. The downside is that paper is actually bloody hard to destroy... You can burn it, but it doesn't burn well and requires some dedicated hardware to do it in large quantities. You can shred it, but that tends to be slow and there are tricks for sorting the pages back together again unless it's a particularly fine shred, which makes the machinery more expensive. One trick though that bookies and such used to use was to keep their records on flash paper. Which is paper treated with nitric acid so that it's essentially a sheet of gunpowder. It's not as dangerous as it sounds since it won't explode unless it's in an enclosed container, but it does make it so that instead of needing a furnace to burn up your records, you can just touch a match to it and it will burn up completely without leaving even any ashes to speak of. Just, you know, make sure you have a fire-proof area to put it in because a fire extinguisher won't be able to put it out.
@@lucaskennington9101 That depends on the storage system. A modern SSD, for example must set sectors to zero first, and then set them to the data values. So there is a "discard" command they accept for the zeroing out operation. Depending on settings the computer may do this in batches hourly or daily or something, or it may do it immediately. Many operating systems also include a "shred" functionality for deleting files which overwrites them with random garbage prior to marking their area as reusable. It's this kind of thing you end up needing to go over thoroughly and make sure all the settings do what you want when you're setting up secure data handling.
@@laurenceperkins7468 actually every hard drive uses a lookup table and in the case of SSDs you dont want to overwrite anything as it will diminish the lifetime of the device, it is enoug to delete all references in the lookup table, it is impossible now to find out where your data was store on the actual flash memory chips themselves and with time it will get scrambled as the devices rearanges the data as it spread all over all the flash chips. However if you really want to make sure something is deleted there are machines that will the deletion and the shredding of for example magnetic disk drives for you in one go. And for SSD you could shortcircuit them , then shred and burn the device.
@@kleinerprinz99 Modern drives do all use lookup tables. Rotational drives use them so they can seamlessly remap bad sectors. SSDs use them for wear leveling so that, after the aforementioned "discard" operation, data can be seamlessly sent to the least worn sector. However... All drives do this remapping in chunks. And they don't scatter it around until a sector fails a read, or the drive gets told to discard the sector. So if you just delete the file, the data stays on the disk, and the controller will hand it out in order until such time as it's told to discard those sectors. Depending on OS and configuration this might be the instant the file is deleted, or it may be a batch operation running periodically. Once the discard operation is run, on an SSD the sectors are set to all zeroes, and you're into the realm of needing government-level funding for the microanalysis necessary to retrieve a previous state of the blocks. But, if you have that, you can then retrieve whatever chunks haven't been reused. They won't be in order, but the average sector size on SSDs these days is 4KB, so a lot of smaller files are likely to be fully intact. Running an in-place overwrite with random data may or may not work on an SSD. Some of them will rewrite in place, some of them will discard and wear-level. On rotational media the effectiveness depends entirely on the filesystem involved, and some device-managed SMR drives are doing funky things with the data layout behind the scenes. In these cases data shredding utilities which are aware of the details of the storage system are recommended. While complete incineration of the drive is the only way to be absolutely certain of the data's destruction, a full overwrite with random data, followed by a full overwrite of all zeroes is generally sufficient to scramble any remnants beyond the ability of anyone with less than a few million dollars worth of budget to recover.
My understanding of the best way to destroy paper (and make sure it's unreadable) is this: burn it to a powder, scramble/break up said powder, dump said powder into the ocean.
Clever title! For half a second I thought we were getting an ex-criminal turned informant/expert, but this is AMAZING! Loved her commentary, keep up the awesome content!
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.
From about 2013 to 2018 I lived above a convenience store in Seattle, and less than a block away was another convenience store owned by completely different people. The store below me was fine, but the other one I never saw anyone go in or out of. I went in ONE time; all of the products were covered in dust and the guy behind the counter stared at me with this confused look the whole time I was in there. I did one lap of the place and got tf out. To this day I am convinced it was a front for something.
@@gzer0x they are supposed to teach it. If you pay for college, atleast you expect to get your money's worth right. I mean, most of the thing we study is pretty much useless in real life.
@@shashank5r They should only teach that in college if you go to school (specifically) for crime or law related studies. There's no reasons why an art student should be learning about these kinds of things. Teach within the capacity.
the CTR was 10000 dollars but thanks to obiden it is now 600 dollars (to target gig economy workers and cash app/venmo users) and as of this past sunday (aug 6th 2022) the federal government has authorized the hiring of 87,000 irs agents (more mployees than the fbi, dept of state, and dept of agriculture combined). When the government spends 4+ trillion about 2 years, they have to hunt for money to cover the bill wherever they can. The government as usual is the real criminal enterprise.
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
But how many times did she get to knock on her kids' room saying:
"FBI open up!"
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Imagine trying to rub one out.
probably NONE she probably aint have time to have kids hahah
Lol
😂
"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.
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
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
It is not a tutorial, at no point in this video she teaches anything about how to launder money.
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 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
I could honestly listen to Ms. Williams talk about her career experiences all day long.
Fbi retired case file review is her podcast
Yes
Really? I found out somewhat boring.
@@Christophe.C thank you! i did not expect her to have a podcast
Thumb down... Why? She sounds like her nasal passages are plugged up and she's very monotone.
That explains the sheer amount of matress stores in US
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.
Huh, never thought about it but it kinda makes sense. I mean, how often do people buy new beds? Isn't a mattress store kinda niche? I think it would be better to just sell beds in general furniture stores... unless you're laundering money
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
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
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??
Worked in the anti-spam department of an ESP as a work student. One day I got a request by a university to stop rate limiting their newsletter signup messages. Had a look in there and apart from a few real ones, most went "Hello thank you for signing up for our newsletter, [...]". Some script kiddie figured out this university doesn't verify what's in the name field of their newsletter signup and used their reputation in seemingly valid e-mails to dump their spam - had to look into the mails themselves to not just call them misclassified - and that's only possible if the customer agrees to have their mails checked for spam improvement purposes. Impressive, though I sent the university a strongly worded E-mail about what kind of E-mails they send and what I had learned about cross site exploits in IT security class (different university) the week before. They've since fixed the exploit. Still impressive how someone found this in the first place.
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
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!!!
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.
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.
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.
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
"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.
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.
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
“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
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.
I was talking with the girl that filled our vending machines at work. I asked her "how to you account for the product you put in the machine? How do you do any kind of inventory against the money collected? She looked at me like I had two heads. "I just put boxes of product on my truck, load machines and collect the money" and all I could think of was money laundering.
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
“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?
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 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?
@@bowxfire5275I honestly have my doubts about her comments on the wolf of wall street scene, she's right that the money they made was from an investment fraud scheme, but the money they were moving into switzerland was money they made through insider trading and pump and dump schemes, which means that it doesn't matter if it's "clean money" it's still money they made from an illegal activity that inevitably would be found out about
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
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
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.
Calling her a "money-laundering expert" gave me a different impression until she said she was a former FBI agent.
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.
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! 😃
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.
She is a sweetheart, I loved how calmly she was explaining.
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?
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
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.
Thank you for your years of dedicated service, Ms. Williams. God bless you.
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.
"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.
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
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
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 RUclips channel where she interviews other FBI agents.
She is funner who jerri æ jerrzy jerrY jazzygunsæ
Yessss
@@DanDCool wordplay
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.
@@XpMonsterX agreed
Everyone knows how good it is so it’s pretty cringe to talk about it
@@m0nte1ro what’s bcs?
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.
There’s no way a group like that lasts long
A front that doesn’t do actual legitimate work is going to be spotted fast
Thank you Gerri! Stay safe, sweetness! Mom did internal auditing for the State here for a while. You are a hero!❤
She's the definition of "help, somebody call the police... But not for me"
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.
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.
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.
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.
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
@@Doom_Slug the only reason milllionares spend so much money is because of the laundering. That's the point.
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
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
people who disliked this video got caught.
Or they don't like the fbi
Probably got busted by her😆😂
Immature
😀😀😀
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.
All of the Breaking Bad fans here to make sure she gives it a 10/10
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Never come clean to any authority. Always to your trusted lawyer first
True +1
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
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?
I bought the bolt... was the first bidder and got totally screwed.
@@danwally4754 were you hammered when you made that decision?
On eBay you can make fake bids on stuff. It was probably just someone trying to be funny.
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.
👏👏👏👏👏
@@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.
@@ThatsMrPencilneck2U pretty sure dylan was also make a joke and didn't genuinely think you were kink shaming lol
Very informative and pleasant to listed to your description, you have great credibility. Thank you.
True example of a professional. Mature, educated, public servant.
"The IRS want to get their cut"
FBI
That is the Absolute Truth in Every Aspect
Forget the mafia,the IRS is the best in racketeering,because they are legal
Because the government won't get it's cut
@@aegis3141 they aren't inherently legal. They can absolutely violate people's rights and have an extensive history of it, making the individuals responsible for that in civil violation if not criminal or worse. People think you can just say (some agency) and everything is legal or "I'm da government durrrrr." It doesn't work like that. Insider threats are highlighted in literally every major threat report practically and if you're violating your oath, your mission, task, purpose etc youre at best useless.
😀😀😀
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??
Typical Feds
Nothing but bullies
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.
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
Lol "it's kind of sweet, until the federal government comes and confiscates it"
Twist: she expects criminals to watch this, so this is what the FBI wants them to know
Exactly my friend and as most criminals are not very smart, they watched and took notes.
@@FATillery But now they're reading our comments and figuring out the ruse.
Criminals usually learn the hard way. They get busted and everytime they do its a lesson for the gang boss.
@@midsizesedan7620 The boss is probably someone who grew in the organization because he used underlings to do the dirty work so he is not the most capable. I think the most successful criminals are those who work alone. Gangs are usually not successful because they have too many witnesses withing their own gang. When the 'spit' hits the fan for one, they will usually turn in order to save themselves.
@@FATillery what do you mean gangs arent succesful? There are entire countries pretty much run by illicit organisations. They're like the hydra of legend: they just regrow any of the limbs you take off of them, and there's never enough evidence to end the whole thing
Thank you for this info. Now if you excuse me I must improve my money laundering strategies.
She didn’t see the part in Ozark where he told the ladies to deposit less than 10k on purpose to not use a CTR
Amounts close to 10k are still reported on suspicion
Deliberately circumventing the $10k limit is called “structuring” or “smurfing” and is itself illegal
Here's the deal though. The bank CAN report any amount if they deem your transactions suspicious. They are only required to do it above 10.
Every time I go to the bank and take out 15k or more they always ask me what I do, I find it annoying but I guess for them it's some kind of way to see if I'm who I am because it's happened at different branches.
Won't work. Coming in all of the time with money is suspicious.
Imagine if she said “You know I actually own a lot of small businesses that I got from a large amount of money”
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@@user-mv6oi6gi7c Wow.
I really love how it has now become a trend on RUclips having all these real experts review tv shows and hollywood films. They're the ones who can really tell whether something is realistic or not.
Really helpful tutorial! Could you do tax evasion next?
😂😂
Having dinner with Jerri Williams would be a truly fascinating and educational experience.
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Alternate Title: For liability reasons, we can’t tell you how to launder money, but…
The way she speaks is very calming, makes what she's saying more interesting
incredible video, hope you guys bring her again
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.
That bank teller would have gotten stitches. Mind ya biznus cuz
That teller needs to go.
How about former professor breaks down all maths scenes
There are some maths channels who do this regularly
Maths scenes? Or do you mean cheating scenes? Just saying "maths scenes" is very vague. Anyone whose went to school could react to that then.
How about a comedian who reacts to the original idea from Limmies show
Mathematicians would be more apt.
I like how she speaks slowly. Makes taking notes easier.
The tips were very good and useful! Thank you very much!
It's actually both easier and harder to destroy digital information than paper. Properly set up you can destroy digital records with the push of a button, but they have a nasty tendency to leave pieces of themselves lurking about in every system they've passed through, so part of the proper setup has to involve serious restrictions on where, when, and how the data can be accessed. All this makes it quite a hassle to actually use the data, so lots of criminals end up caught because they skipped the necessary security elements.
Paper, by contrast, is relatively easy to keep track of physically. Opening up a paper file and reading it may leave your fingerprints on the paper, but it won't leave the text of the page on your fingers. There won't be dozens of copies lurking around all over the place that you need to track down and scrub.
The downside is that paper is actually bloody hard to destroy... You can burn it, but it doesn't burn well and requires some dedicated hardware to do it in large quantities. You can shred it, but that tends to be slow and there are tricks for sorting the pages back together again unless it's a particularly fine shred, which makes the machinery more expensive.
One trick though that bookies and such used to use was to keep their records on flash paper. Which is paper treated with nitric acid so that it's essentially a sheet of gunpowder. It's not as dangerous as it sounds since it won't explode unless it's in an enclosed container, but it does make it so that instead of needing a furnace to burn up your records, you can just touch a match to it and it will burn up completely without leaving even any ashes to speak of. Just, you know, make sure you have a fire-proof area to put it in because a fire extinguisher won't be able to put it out.
Also, deleting data doesn't actually get rid of it, it just marks it as overwritable.
@@lucaskennington9101 That depends on the storage system. A modern SSD, for example must set sectors to zero first, and then set them to the data values. So there is a "discard" command they accept for the zeroing out operation. Depending on settings the computer may do this in batches hourly or daily or something, or it may do it immediately.
Many operating systems also include a "shred" functionality for deleting files which overwrites them with random garbage prior to marking their area as reusable.
It's this kind of thing you end up needing to go over thoroughly and make sure all the settings do what you want when you're setting up secure data handling.
@@laurenceperkins7468 actually every hard drive uses a lookup table and in the case of SSDs you dont want to overwrite anything as it will diminish the lifetime of the device, it is enoug to delete all references in the lookup table, it is impossible now to find out where your data was store on the actual flash memory chips themselves and with time it will get scrambled as the devices rearanges the data as it spread all over all the flash chips.
However if you really want to make sure something is deleted there are machines that will the deletion and the shredding of for example magnetic disk drives for you in one go. And for SSD you could shortcircuit them , then shred and burn the device.
@@kleinerprinz99 Modern drives do all use lookup tables. Rotational drives use them so they can seamlessly remap bad sectors. SSDs use them for wear leveling so that, after the aforementioned "discard" operation, data can be seamlessly sent to the least worn sector.
However... All drives do this remapping in chunks. And they don't scatter it around until a sector fails a read, or the drive gets told to discard the sector.
So if you just delete the file, the data stays on the disk, and the controller will hand it out in order until such time as it's told to discard those sectors. Depending on OS and configuration this might be the instant the file is deleted, or it may be a batch operation running periodically.
Once the discard operation is run, on an SSD the sectors are set to all zeroes, and you're into the realm of needing government-level funding for the microanalysis necessary to retrieve a previous state of the blocks. But, if you have that, you can then retrieve whatever chunks haven't been reused. They won't be in order, but the average sector size on SSDs these days is 4KB, so a lot of smaller files are likely to be fully intact.
Running an in-place overwrite with random data may or may not work on an SSD. Some of them will rewrite in place, some of them will discard and wear-level.
On rotational media the effectiveness depends entirely on the filesystem involved, and some device-managed SMR drives are doing funky things with the data layout behind the scenes. In these cases data shredding utilities which are aware of the details of the storage system are recommended.
While complete incineration of the drive is the only way to be absolutely certain of the data's destruction, a full overwrite with random data, followed by a full overwrite of all zeroes is generally sufficient to scramble any remnants beyond the ability of anyone with less than a few million dollars worth of budget to recover.
My understanding of the best way to destroy paper (and make sure it's unreadable) is this: burn it to a powder, scramble/break up said powder, dump said powder into the ocean.
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
Joker never said that
@@taninmoores4943 He did, in one of the cartoon TV shows
Next Video: former ghost breaks down famous ghost scenes
Former alien breaks down famous alien scenes and area 51 scenes
Imaginary sky fairy rates imaginary sky fairy movies.
Extinct virus rates outbreak films.
Dinosaurs rate dinosaur movies 🦖
i don't get the joke
Here's an idea: stop taxing income! Instead, only tax purchases. This uncomplicates everything.
Clever title! For half a second I thought we were getting an ex-criminal turned informant/expert, but this is AMAZING! Loved her commentary, keep up the awesome content!
Title: "Money laundering expert"
Me: reads it as"Expert money launderer"
ditto,FBI are into money laundering business
Lmao same. I thought they found another former criminal like that former Mafia-boss guy.
They probably do it as well its probably rare to find a person working for the FBI that hasn't accepted any bribery
Lady: 7-8
Insider: so 8 then.
Lady: 1-2
Insider: so you mean 2.
Lady: "As low as..."
Me: "Yes"
Memento Mori
@@CRlMZlN That's meant to be a private thing
Thanks for the tips!
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.
Lol crazy!!!
From about 2013 to 2018 I lived above a convenience store in Seattle, and less than a block away was another convenience store owned by completely different people. The store below me was fine, but the other one I never saw anyone go in or out of. I went in ONE time; all of the products were covered in dust and the guy behind the counter stared at me with this confused look the whole time I was in there. I did one lap of the place and got tf out. To this day I am convinced it was a front for something.
For the longest time growing up, I thought laundering money was taking it to a laundromat and putting it in the washing machine.
Man. I was dumb.
Lmao when I was younger I thought wiring money had to do with actual invisible wires in the sky that were sending money. Sad
I believe Al Capone ran a series of cash only laundromats to launder money. So in a way you are right!
Same fam
Sounds like scrubbing Hillary’s emails with an SOS pad.
I am dumber: when I first got my first phone (Nokia 3310) I thought I'd need to put the bank note inside the battery area 😂🤣😭
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.
WOW, i know that officials are clueless. But this is seriously frightning. They obviously have no clue how money is laundered nowadays.
The fact that I have seen all of these movies and series, tells me that I'm learning a lot from watching movies than I did in my college!
You must suck as a student. High school I understand, but college is a different matter
… in what world? Like did you actually expect your college to teach money laundering?
@@gzer0x they are supposed to teach it. If you pay for college, atleast you expect to get your money's worth right. I mean, most of the thing we study is pretty much useless in real life.
I've actually seen neither of these lol. I definitely want to see Breaking Bad tho, but too much on my plate rn
@@shashank5r
They should only teach that in college if you go to school (specifically) for crime or law related studies. There's no reasons why an art student should be learning about these kinds of things. Teach within the capacity.
“Money laundering expert” that’s an interesting thing to tell people at parties.
@Bobby Jackal why? You could just say you’re an FBI agent/consultant
@Bobby Jackal It’s a joke my guy. 😂
Next: "Convicted Murderer rates death scenes in movies and shows"
🤣
Could actually be pretty interesting. To make it even more controversial, they could also invite a soldier and a SWAT officer.
Why not? Is murder some special category of crime?
the CTR was 10000 dollars but thanks to obiden it is now 600 dollars (to target gig economy workers and cash app/venmo users) and as of this past sunday (aug 6th 2022) the federal government has authorized the hiring of 87,000 irs agents (more mployees than the fbi, dept of state, and dept of agriculture combined). When the government spends 4+ trillion about 2 years, they have to hunt for money to cover the bill wherever they can. The government as usual is the real criminal enterprise.