Current Events > I'm watching Ozark on Netflix and can someone explain to me (Spoilers)

(+) Yeah! (+)

What money laundering/washing money means? I'm an idiot.
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Money laundering is essentially the practice of making illegal money (especially a lot of it) appear legitimately earned. The classic example is using a legitimate business as a front to deal with all the money earned through criminal activities.
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In addition to the above; it can also mean exchanging traceable bills for circulated money in order to make the money harder to trace.

Dragonblade01 posted...

Money laundering is essentially the practice of making illegal money (especially a lot of it) appear legitimately earned. The classic example is using a legitimate business as a front to deal with all the money earned through criminal activities.

I see. So when the Del dude told Jason to take his $8 mil and wash it but Jason told him hed lose money because of taxes and stuff then uh...what
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Touch posted...

Dragonblade01 posted...

Money laundering is essentially the practice of making illegal money (especially a lot of it) appear legitimately earned. The classic example is using a legitimate business as a front to deal with all the money earned through criminal activities.

I see. So when the Del dude told Jason to take his $8 mil and wash it but Jason told him hed lose money because of taxes and stuff then uh...what

I've never seen the show, but if he took $8 million and ran it through a business as profit, he'd still have to pay taxes on it since he is pretending that the illegal money he's laundering is profit from the business.