You are describing fraud. Money laundering is the redirection of the proceeds of... | Hacker News

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		Daniel_Newby on Sept 7, 2012 \| parent \| context \| favorite \| on: Good riddance, PayPal You are describing fraud. Money laundering is the redirection of the proceeds of illegal business to make it look like legitimate income.

dennisgorelik on Sept 7, 2012 [–]

Fraud IS illegal business. Purchasing goods using stolen credit cards is part of a process of making it look like legitimate income.

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