undefined | Better HN

0 pointsdannyw6y ago0 comments

Considering that:

* iTunes gift cards regularly go on sale for 60-70% of its value on third party markets, and * 30% is a reasonable, to cheap, price to pay for money laundering,

I think your theory is unfounded.

0 comments

synthmeat6y ago

Where did you get the "30%"? Last time I researched, it was much less than that. Even at casual glance now, highest figures seem to be at most 15%.

https://www.piie.com/publications/chapters_preview/381/3iie3...

Gift cards would be the least efficient method here for large amounts, so I guess it would not surprise me it's not used there. No one's gonna go hunting small amounts of gift cards on discount on ebay to launder tens of millions of dollars. But who knows...

j / k navigate · click thread line to collapse