Financial/Dope boy advice

My friend from highschool sells dope and wants me to deposit 8k of his money into my account, the proceed to buy bitcoin with that money and send it back to him. He will then pay me 300$...i know hes good for it but do I stand in the chance of getting into trouble with the police?

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Never really fucked w bitcoin but I know how to buy/send it..I know nothing under 9K gets tracked by IRS but im sending him the bitcoin for free in the gov.'s eyes...

Yes, you are knowingly laundering dirty money. And it's a very real possibility that you can get caught. I don't know if 8,000 is above it, but most banks have a number for cash deposits that warrants a tipoff to the IRS.

Your "friend" is paying you very little for the risk you'll be taking.

Ask yourself, is 300$ worth it to spend a few years of your life in prison?
You will get caught, especially how banks are looking for this shit now.

All of the risk and non of the reward...

Not worth it. Don’t do it. Also, avoid criminals.

If a bank sees you depositing an unusually large amount of money out of the blue, they could definitely decide to let the IRS know.

I cant say its for a car or someting of the likes?

an acquaintance of mine got busted for laundering money. good thing, honestly, because his kids were growing up in hiding.

I mean, you can. But is this really worth 300$? What you're doing is usually punished as a felony. Don't be a mule for this guy.

Yeah i guess youre right...I wouldnt be questioning it that much if I didnt think it was a bad idea

You should maybe reevaluate your friendship with this guy. It sounds like he's taking advantage with you, but maybe this is just a one-off thing.

Hes a solid guy and hes looked out for me before..he gave me the option too this isnt a gun to the head situation

anyways I used to deal dope too so I know how it is but being on probation I quit and im just hurting for some cash

I mean if someone were to do something like that, they should at least make sure they're getting a fair deal.

>Knowingly launder money
Accessory and/or aiding and abetting

If you wanna go to the can for your friend do it; if he's not worth jail tell him to get a different Bitcoin jockey

Don't do cryptocurrencies unless you're dealing in illegal drugs or laundering money. It doesn't sound like you'd be good for jail so maybe don't

When banks notice large amounts being moved like that, they will let the revenue agencies know and you will get audited. Not a good idea.

fuck thats tempting bro if i was you

but no be smart, dont do it

Well, now you've also posted about the idea on the internet. Smart!
>Also Monero

you can get a criminal record for that?
if so, that can fuck with your future jobs and shit.
really 300 bucks is not worth it to fuck you over like that bro

You can absolutely get a record for laundering money which will make you non-bondable and boom. You can't work any grunt tier shit
Ofc criminal records will scrub you from a lot of anything not entry-level but being unable to handle money will positively garrote your ability to make money legally

why doesn't he just put the cash in a safe then hide it under a floor or something and invest in monero?

If he were a smart criminal he'd have moved the money in small, risk-minded amounts over a long period of time well prior to when he needed it so that he could blame anything-- cash for events, rent, to pay back a friend, to break for change for parking. If there's tons of movement it might look more natural over time. At least that would be my approach

Likelier is that, like OP, he saw the prospect and went full dollar signs for eyes and away he goe$ on a dream

He's a nickelbagger the authorities only notice the big time drug smugglers

Conspiracy to launder drug money is actually worse than getting caught laundering drug money, just a heads up.
Talking about the conspiracy online is wire fraud... you could get life just for those two things in a Federal Prison.

Yeah he's using you, so he has no chance of being caught and you take all the risk for little to no money.

You're gonna get raped by the IRS, going up into tax brackets

>is it illegal to launder money

Even if you don't get caught, tax man will be on your case, for not declaring your income and paying proper tax for the bracket you're now in.

>3.75% vig
your friend is burning you. he'd probably have to pay a legit launder min 15%, more likely 20%

lol idiot
there is a reason he does not do that himself
Your boy will get locked up and you will get locked up as his money man.
Boy i hpe you used 7 proxies posting this.

tell him to move the money onto visa gift cards, the $500 at a time ones or wal mart gift cards.