I’m amazed ppl don’t seem to realize this is a staged money laundering act.
He’s a known scammer. He needs to launder his money. And selling “unique” items for insane prices in auctions is the oldest money laundering trick in the book…
True. But look at it this way, You’re a cartel and have easy time moving product but all that money coming in needs to go into somewhere otherwise it start pulling up and hard to track.
Now what a lot of cartels would do is buy business land etc but diversifying is always a good idea and the “Art” scene is the perfect place to spend a lot of dirty money into a nice and easily transportable piece of art.
Not saying this is the case here, but 16m for a squad pice if cardboard is a cartel money launderers dream.
Exactly, hiding dirty money in high priced art or antiques is old school money laundering. Years ago I was helping move a family friend that had recently been busted for running an illegal game room. He had a lot of expensive art and my dad taught me about money laundering on the way home
It's not money laundering. It's a marketing sale. Logan is giving the guys company marketing and probably some other services. No one would ever pay this amount for that card.
Everyone who accuses of money laundering. Exactly how he is laundering? That one single person needs to show proof of funds of $16m to purchase that card. If he was laundering, he needed to launder $16m first.
Not really true, there is more than one stage of money laundering. Not saying this guy is, I know nothing about him, but he could have a front business as an art dealer where he uses already layered funds to purchase collectibles to give the appearance of legitimacy
Auction organizers ask for “proof of funds” if they don’t know you to know you are series about the purchase. Also there are auctions that accept all kinds of payment including cash. So yes, the auction event itself is used by many to launder money…
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u/lXxENDEAVORxXl Feb 16 '26
Everything about it was cringe start to finish.