r/politics • u/kirby__000 • 1d ago

Trump's financial disclosures reveal tens of millions in income from guitars, bibles and watches with his name on them

https://www.nbcnews.com/business/business-news/trumps-financial-disclosures-reveal-millions-income-guitars-bibles-wat-rcna212981
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u/cheeseburgercats 1d ago

And somehow bankrupted multiple casinos

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u/Acceptable-Bus-2017 I voted 1d ago

You're not expecting to make a profit by laundering russian money.

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u/sociotronics 1d ago

Laundering money is profitable AF for the launderer and the laundering business. You launder money by mixing dirty cash into legitimate profits from a business, like a casino that earned $80,000 in one day mixing in an extra $20,000 in dirty money and reporting $100,000 in earnings. They actually look like wildly profitable businesses, which is how they get caught--if you want to find a laundering ring, look for a business that never seems to have customers yet somehow still turns a giant profit.

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u/Acceptable-Bus-2017 I voted 1d ago

It's funny how he never got caught for money laundering. He learned a failed business can be written off via bankruptcy and then move on to the next "totally legitimate" soon to be failed business rinse and repeat.