5 ms·

Maybe I just haven't had enough coffee this morning, but I don't understand the scenario you're describing. Could you elaborate?

• SOTGO 4y ago
  Instead of paying for what the dealer is selling you rent his car for the same amount of money. You don't actually drive it (so it costs the dealer nothing in depreciation) but now the dealer has the appearance of a legitimate income stream.
  • ellard 4y ago
    Ah, gotcha. Thanks!
• Cederfjard 4y ago
  If you read ”dealer” as ”car dealer”, think instead ”drug dealer” or similar.
  • DaiPlusPlus 4y ago
    I'unno, being a car dealer is a pretty dodgy line of work. A huge barrier to wide adoption of BEVs is because dealers won't sell them because BEVs have far lower vehicle service requirements (no oil changes, no 20,000mi servicing, etc) which are normally half their revenue stream. Car dealers, en-masse, are happy to see the world burn than do-their-part and transition the world away from fossil-fuel cars simply due to their bottom-line.
• JumpCrisscross 4y ago
  > Maybe I just haven't had enough coffee this morning, but I don't understand the scenario you're describing. Could you elaborate? Beth has dirty money. Bob, a friend of Beth’s, “rents” her car. (There is no car. Maybe Bob pays Beth over Turo and then Beth gives Bob the dirty cash.) Beth now has the appearance of legitimate income.
  • systemvoltage 4y ago
    Still not detailed enough and doesn't make any sense. Does Beth have cash? Is it in a bank account? You can't use cash on Turo from what I understand. If money is in bank account, it won't be "dirty". So, how can Beth pay for a rental on Turo? As someone already commented, there is nothing special about Turo, you could just set up an ecommerce store and ship rocks around. Can you please expand?
    • JumpCrisscross 4y ago
      > there is nothing special about Turo, you could just set up an ecommerce store and ship rocks around Your analogy is correct. These serve similar functions. It’s just easier to pretend to rent a car than it is to ship rocks. (I disagree with OP about there being massive money laundering on Turo.)
      • systemvoltage 4y ago
        I still have questions: 1) How is it "dirty" money when it is in the bank account? It is accounted for. Your tax ID / EIN is associated with the bank account and it is reported to IRS. 2) The ecommerce rock-shipping company would need to take cash and have to deposit in a checking account to be able to successfully launder money. So at this point, it cannot be an "ecommerce" company. It would need to be a hot-dog stand. Right?
        • JumpCrisscross 4y ago
          > How is it "dirty" money when it is in the bank account? Lots of dirty Russian money in bank accounts looking for invoices to launder against.
    • deleted 4y ago
      [deleted]
  • ellard 4y ago
    Yep makes sense. Thanks!