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0 pointsdennisgorelik13y ago0 comments

Money launderers launder money from stolen credit cards.

Chargebacks are filed a month or two later by owners of these stolen credit cards.

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You are describing fraud. Money laundering is the redirection of the proceeds of illegal business to make it look like legitimate income.

Fraud IS illegal business. Purchasing goods using stolen credit cards is part of a process of making it look like legitimate income.

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0 pointsdennisgorelik13y ago0 comments

Money launderers launder money from stolen credit cards.

Chargebacks are filed a month or two later by owners of these stolen credit cards.

You are describing fraud. Money laundering is the redirection of the proceeds of illegal business to make it look like legitimate income.

Fraud IS illegal business. Purchasing goods using stolen credit cards is part of a process of making it look like legitimate income.

j / k navigate · click thread line to collapse