📰 Source: upgoat.net | Upgoat

✍️ Original author: GrayDragon

⬆️ score: 13

v/whatever · by u/GrayDragon

📝 Original content:

This might not be “money laundering” by strict definition because there is no dirty money. Also, I could be wrong on this, but I doubt it. I have seen this shit happen over and over for what I am about to explain.

You need to bribe me or give me money for some elicit fare, but I want a legitimate paper trail of the illegal money because I’m an upstanding politician or whatnot. You buy 10K stocks of a low-volume traded company. Say the stock is at $10. It is low-trading, so after-hours volume trading is massively less. You tell me when you are ready. I put in a “limit order” for $9 for some outrageous amount of stocks. You have 10K stocks and do a “market order” (meaning sell at whatever cost). It plows through the two guys buying 40 and 100 stocks after hours. 9,900+ stocks get into my pocket for $9, one dollar below it’s “true” value. Tomorrow, I sell them all for the normal rate of $10. I just got $10K and it is completely legitimate with a legal money trail.

I’ve seen this shit happen so many times after hours. I just didn’t understand it at the time.

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