1 […] It’s also possible to do money laundering on Steem by funding numerous sockpuppets then having them upvote legitimate accounts so that the funds aren’t directly attributed to the dirty money because rewards are minted from new money supply.
I forgot to mention that the prison sentences for getting inadvertently caught up in money laundering are rather severe:
https://en.wikipedia.org/wiki/Money_laundering#Criminal_sanctions
https://en.wikipedia.org/wiki/Money_Laundering_Control_Act
How does one prove they weren’t involved if we’re receiving rewards from the activity? Might the money launderers mix their laundering rewards with rewards to innocent blog authors so as to make it more difficult to pin the criminals down or to provide more popular outrage and resistance.
RE: Taxes destroy all of us rich or poor