PSWA/The History of Money Laundering

John Madinger did a great job telling us about money laundering which is recorded in the Bible. Pirates laundered money. Money can be laundered for anything that has value.

Money is part of a transaction system.

Bartering used to be the way of obtaining what you needed. Cash has replaced bartering.

When money is stolen it's difficult to transport.

Laundered money never gets clean, it only appears that way.

Crooks try to move their money into legal businesses--often recording studios.

He shared some stores of money launderers.

John is also an author and his unpublished fiction manuscript won first prize at the PSWA conference. I'll tell you more when it does get published..



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