Hmmm... Nothing to do with Olivia but, ok, let's play around a bit to chat about Money Laundering, because it came up in this thread and it was asked why anyone would launder money through a camsite.
It's hard to write a simple explanation for a complicated scheme, but I'll try.
Just remember, this is just playing around and I already know I've left things out and this isn't a guide... or evidence of anything.
The whole idea of money laundering is to make it impossible for authorities to trace transactions. It's difficult to do, even if you're trying to move your own money. Move to a foreign country and try to transfer funds for example. Financial systems are literally designed to track everything and to thwart attempts regarding a whole host of things like tax evasion, flight of capital and proceeds of crime.
If you're a law abiding citizen, you're likely not buying credit card numbers on dark net sites, selling drugs or, scamming people through the phone or internet. "I call from Microsoft to fix your computer". Sadly, many people are, and they are often on the other side of the world where any cash has to become digital at some point to be deposited, transferred or used. "Dirty" money may simply be untaxed and not from crime.
Besides other traditional methods... camsites could potentially be a perfect spot for money laundery because of their closed token system. Tokens are not real money but come from real money and are returned as real money. Inside the system, they can be transferred to any number of other members or models and eventually come out as payments after the site takes it cut, which it does legally.
It should be noted that sites have their own safeguards that might detect dirty money. Any money injected into the system can't be withdrawn back as cash either. The "buy" is the conversion to tokens and after that it's distributed (or spent) within the system. So... Let the spending begin..
an anonymous user tipped 400,000 tokens
anon! [clap gif] WooHoo [nuke gif] you da man!
The studio or model receives the money, legally, and then it's split by the operators of the scheme. If the money was originally acquired for a small investment, it's essentially profit for everyone except of course for whoever lost the money in the first place. If the "dirty" money was orginally aquired by the camsite, then that would shorten the chain. Spreading a large amount of money to many low-tax citizens is a great way to reduce taxes.
Camsites are very secretive and almost impossible to access, due to privacy concerns. Members and Models are virtually anonymous to anyone outside the system. Even the camsite system may not know who (or where) everyone really is. They also tend to be private companies with "investors".
So... is all this worthwhile? Only on a large scale and only with essentially "dirty" money.
