About this episode
How do criminals turn their ill-gotten gains into taxable income? And how does law enforcement stop them? Zachary Crockett follows the money. SOURCES: Patrick McKenzie , fraud prevention expert and strategic advisor at Stripe. Kerry Myers , associate professor of instruction at the University of South Florida and former F.B.I. special agent. RESOURCES: " National Assessments of Money Laundering Risks: Stumbling at the Start ," by Joras Ferwerda and Peter Reuter ( Risk Analysis, 2024). " Hacker 'Washes' $25M in Stolen Crypto Through Magic: The Gathering Card Scheme ," by Oliver Dale ( Blockonomi, 2023). " Money Spending or Money Laundering: The Fine Line between Legal and Illegal Financial Transactions ," by Matthew R. Auten ( Pace Law Review, 2013). " HSBC to Pay $1.9bn in US Money Laundering Penalties " ( BBC News, 2012). " How a Big US Bank Laundered Billions From Mexico's Murderous Drug Gangs ," by Ed Vulliamy ( The Guardian, 2011). EXTRAS: " Why Does One Tiny State Set the Rules for Everyone? " by Freakonomics Radio (2023). " Kafkaesque ," S3.E9 of Breaking Bad (2010). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.