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B1 Intermedio Inglés 4:47 Educational

How does money laundering work? - Delena D. Spann

TED-Ed · 6,490,454 vistas · Añadido hace 3 semanas

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B1

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5/10

Dificultad

Subtítulos (82 segmentos)

00:11

As one of the most notorious gangsters in history,

00:13

Al Capone presided over a vast and profitable empire of organized crime.

00:19

When he was finally put on trial,

00:21

the most he could be convicted of was tax evasion.

00:26

The nearly $100 million a year,

00:28

that's 1.4 billion in today's currency,

00:32

that Capone had earned from illegal gambling,

00:34

bootlegging,

00:35

brothels,

00:37

and extortion,

00:38

would have served as evidence of his crimes.

00:41

But the money was nowhere to be found.

00:44

Capone and his associates had hidden it through investments in various businesses

00:49

whose ultimate ownership couldn't be proven,

00:52

like cash-only laundromats.

00:55

In fact, those laundromats are part of the reason for the name of this activity,

01:00

money laundering.

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