Have a billionaire friend (not kidding)

have a billionaire friend (not kidding)
he is interested in crypto
I have a large amount of bitcoins I want to sell
what happens if I sell him a million usd worth of btc and he transfers 1m to my bank and says it is for a patent or some other type of work (since banks in my countries don't allow money originating in bitcoin) would they ask questions?
I currently have 300k usd in my bank and he probably has like 400m usd
I am actually serious, please help

Attached: 20180423_224451.jpg (4032x3024, 1.75M)

i thought that was a piece of shit on a plate
g'luck op

speak to a shady tax guy. Im sure your friend has connections. They might need proof of patent. And also. Ur situation is not special im sure that many people tried to launder money like that. Godspeed user

kek it was actually good steak

m8 I already told you that I want a million worth of LINK you imbecile, look again at the discord. I don't want your shitty old dinosaur bags.

I want to pay taxes, I just want the money in my bank which is impossible now

Cash
OTC (in-person)
Chill
Buy ORE

Thanks

Just dont report it on your taxes

Fuck yeah they will ask questions. Come on man. Don't be ignorant.

I am going to pay taxes, how can I justify this payment?

paint an abstract painting,
literally smear shit on canvas,
he buys it for $1M,
it's abstract so it's impossible to say it's not worth $1M

Maybe he could buy 1 mil in gold and give to you? :p

>he transfers 1m to my bank and says it is for a patent
>would they ask questions?

Yes.

>have a billionaire friend (not kidding)
>he probably has like 400m usd

Cool Story Bro

>Inb4 he probably has like 400m usd (IN THE BANK)

No he doesn't.

Millionaires/ Billionaires are not retards and 400m would be diligently invested.

You'd have to show you sold it. You can't just 'say it was for a patent or something'. If he is your good friend and there is a history between you two, he could gift you it. That would seem a little sketchy if they traced something back to you though. You best hope you have your BTCs in a private off-exchange wallet for quite some time as well, because exchanges will fuck you the moment the government comes sniffing.

This could actually work.
Also, then you could pretend to be a famous painter because you'll probably get on the news.
To which then you'll be investigated and they'll find this post and put your ass in jail.

>in my countries
what country?
Also OTC for cash is best. Just don't be an idiot and deposit it all at once or you'll get caught. You could also open another bank account somewhere and give them a large chunk of the money as a downpayment. If you insist on paying your taxes, it's best to just open a different account in another country.

what the fuck are you talking about proof of patent and laundering? there is nothing stopping one person giving money to another person, just call it a fucking loan if anything

these bitcoins were always in cold storage, I don't want the bank to know that the 1m is from bitcoins, can't he actually just give me 1m as a present? he has plenty of money to justify it as something trivial

Yes they absolutely would ask fucking questions. And I actually have a billionaire friend and strangely enough he would never make such a proposition because he has to run everything by his lawyers.

Donation? Depending on your country the taxes can be higher or lower.

> swat
> your house
> family
> disrespected

Do the trade on PayFair. This exactly what it was made for.
Look into it and ask any questions in the telegram.

It is simple and safe and only 1% fee

no

>billionare
>400m in cash in his bank

nice larp

all these retards falling for the bait will never make it lmfao

>people have more money than me
>MUST be larp

Poorfag detected. The government doesn’t care about small gifts but large sums have to be reported for tax reasons. The government wants a slice of your pie.

Why not open a account off shore? one that you don't have to worry about restrictions. I would hope your friend would already be familiar with the process...

>wants financial advice
>comes to the most financially desperate bunch of degenerates on the internet

good luck m8

it's sad that this is what the world is like. that you could feel like you are at risk of doing something wrong for making a simple trade with a friend.

lmao, do you really thing a billionaire would just keep all that in a checking account?

Go back 2 money laundering school.

some people are still here from 2015, hoping for advice from them

Who gives a shit if it has to be reported? The goy is giving his friend money, what is the problem with this?

He's money laundering you retard. His 'friend' isn't giving him shit he's just trying to figure out how to baby's first money-launder.

What is the gift tax

No retard. He’s saying no one would ever put 400m in one bank account. They’d have it in funds or multiple accounts

you need a minteu!

Well, fair enough
This isn't a tax evasion thread

just make a deal with your friend on a price.
then sell it to him in stages

This doesn't do anything

paperwork, paperwork
you don't need to fake the reason for the transfer.
just look how much you have to pay in taxes for gifted money
if you want to justify the money as a service or job, the tax man can refuse it, if he considers the job/service didn't happen, or it's too disproportionate.
then you and your friend will get investigated for tax fraud, fraud, evasion, whatever suits the case.
why? because it's not just you declaring an income, it's your friend also declaring an expense.
so go the more honest way, and look up taxable money gifts in your country's laws.

I cant put fucking money from bitcoins in my bank it fucking sucks

What gay country do you live in?

india

will the bank report you for moving a few thousand here and there?

Attached: doubt.jpg (466x422, 16K)

yes they are not that retarded

For that amount they will need Proof..

well ive done this multiple times. screen cap this and il post if ever get caught

how the fuck do they know why your money moves around?

Idiot, go overseas where BTC is legal and do the transaction. Put your millions in a foreign bank account. Pay no taxes.

you have moved millions of dollars in few thousand dollar portions?

they don't know, they may or may not care, it's different everywhere, but if there is a rule in place for say 10k to be reported, doing 3k a day isn't fooling anyone

He buys expensive jewellery, cars etc and hands them over to you.
You send him the bitcoins
You sell the goods for cash
You buy things with cash

cash/gold

Is it against the law or just a banking issue? If it's just that your banks suck, then can you open a bank account in a different country and still legally use it, pay taxes, etc...?

Transfer your BTC to Gemini. Place a block sell order. As your friend to fill your order there. Done.

nobody is going to give you valuable information for free :)

Gold Bricks, sell them slowly. Keep the cash, don't put it in the bank.

But if you have that many damn bitcoins why don't you just sell them to anyone else and if he's that rich he can just buy his own