Explain money laundering in the film industry to me; pretend I am a cute, but dumb girl

Explain money laundering in the film industry to me; pretend I am a cute, but dumb girl.

Do you want to be my girlfriend?

Impress me with your brain.

>pretend I am a cute, but dumb girl.
"Sure I'll explain it baby, but first drink up."

>Say a movie costs 30 million to make when it really cost 20 million
>Cook the books a little stating things cost more than they actually did
>Tax free 10 million

That's money laundering in a nutshell.
>

That's more like embezzling. Money laundering usually involves claiming fake incomes to legitimize money you cant legally account for.

Why would it be tax free if it is income to wherever it is going?
embezzeling? I'm a girl here.

I watched the producers, but didn't get it. You con old ladies and then if the play gets a big crowd you lose money. What?

and then they lived happily ever after, then end.

And then they fucked.

I'm a mod on Sup Forums. I make a lot of money.

where did her boobs go?

Dude, what the fuck. Explain shit to me.

Lel in the thumbnail the light and the striped lines in the back make it look like there's a fat guy in a striped shirt taking a pic of her behind the glass

not attracted to dummies

I'll give you something to embezzle. :^)
If you didn't get how it worked in the producers then you are shit out of luck. It's spelt out for you in it

>Have a ton of dirty money
>have your cousin "finance" the movie
>grossly inflate budget
>Give him and you producer credits and a salary equal to the money you "put up" for the movie
>get some hack director and young stars you can undervalue
>Shitty movie comes out, or production is shut down before its finished
>you were already paid by the studio
>Your money is now a legit acquisition and can be put into your bank without the feds being any the wiser

If you can't prove that you understand it then don't bother posturing like you understand.

In the producers the accountant says 'if you move some figures around you can make more money from a flop than a success'; no explanation. I assume it is a case of them hiring more actors than they can afford to pay, but in the contract they only get the money if the play goes for a period of time. This kind of con (of the actors and financiers) would really not work in film unless the actors are retards who can't read contracts.only

not OP because i suspect he just wants to ERP as a girl but can they not check up where the financing comes from? that has to be done legitimately, right? because taxes and all that, i don't know.

The only questions I have about this setup is:
1. Is the dirty money cash?
2. Is your cousin financing the movie with his own clean funds?
3. What did you do with the cash to make your cousin feel like he got a good value out of his clean money for your dirty cash?

Annnddd... your retarded. You don't put it in the pay you put it in operating costs and expenditures.
It also is said that the tax man doesn't collect on a flop so any money extra made on a show that falls won't be collected thus the 5k for a Turkish bath goes unaccounted.
Blooms theory is that you can make more money on a flop if you do everything as cheap as possible but inflate the numbers a bit and when it bombs you write the loss off. Tax man assumes it's in the show and not in a safe. So yes if you didn't understand embezzling from the producers then it's over your head.

pics of pretty girls are like currency; don't play coy, user. Now come fuck me.

You're dumb too. To pay for something the money must go to someone else; If you pay 20k for a prop, that money goes to a prop making company.

And they say in the film that the IRS doesn't pay attention to flops, they still collect from every aspect of the process that profits.

So. Maybe I am an airhead grill; but you couldn't teach a cat to meow.

who dat?

Sir, perhaps Sup Forums could help you out

soko

Is Sup Forums smarter than Sup Forums or something? How will you guys ever impress a grill with your soft heads? Can you even put together a computer? Do you even write screenplays?

brown babies in the middle east don't just kill themselves, funding from the entertainment industry is required to insure they receive proper military attention

Not sokote anymore and a fucking lesbo

The Feds are going to wonder where the money from your cousin came from

No you don't have to take to a prop company. You can make it in house and inflate the budget to report. You don't want to actually show the real cost of production. Otherwise prop company will be the rope that hangs you.
I wouldn't need to teach a cat to meow they can do it on their own. :^)

That's what happens when girls don't wear makeup, user. None of them are cute.

You're all dumb. The Producers' scam revolved around defrauding investors. They sold stock on the premise the investors would gets some percentage of the profits of the play. They sold much more than 100% ownership and intended to pocket the cash from the stock sales, but it failed when the play succeeded because they were now obligated to provide a return to those investors.

The MOB laundered 500 million over Deep Throat.

Dude, wtf. You are incoherent.

How can I cobble an example based on what limited information you have given me? I'll try though.

1.Make shit.
2.Say it's more expensive than is.
3....
4.Profit

What the fuck is 3!

Thank's man. That wasn't said in the movie though; it only involved banging every old maid in town. I'm sold on this scam though.

But, now I'm sure that The Producers is not what people are talking about when they refer to Hollywood money laundering.

Yeah, do they do it in the same way as Hollywood. Nobody actually buys porn. Do they fake sales and have dirty cash come in that way or do they do some budget fudging shit that I don't get?

GROW SOME TITS KATE THAT SHIT IS RIDICULOUS

hey bby wanna fuk?

Wow me with your most impressive organ and I'll let you hold my teddy bear.


Just kidding; tell me how to launder money in detail and I'll cyber with you.

DELETE THIS

LEAVE HER ALONE

lol Sup Forums goes too far with every woman, the others just haven't noticed.

Have some mommy.

>tell me how to launder money in detail and I'll cyber with you.
Money laundering involves taking money that was earned illegally and using an intermediary to make it appear to have been learned legally.
Say you were a mid-tier coke dealer. You're handling large stacks of cash but if you try to spend it on high-end goods for yourself you risk drawing the attention of tax authorities who want to know where you got all the money. To avoid this problem you set up a business (preferably one that handles a lot of its transactions in cash like a car wash, bakery or bodega), and then use your drug money to simulate a lot of revenue at that business. Now you're outwardly a successful legitimate taxpaying businessman with all your money in the bank and yours to spend freely.
There's not much direct connection to what the movie industry does except that theaters are largely a cash business and there's always lingering accusations around the industry of human trafficking, prostitution etc.

What most people mean when they accuse the movie industry of financial wrongdoing is "creative accounting" that makes blockbuster films appear to be break-evens or net-losses. That's not by definition "money laundering", but some people play loose with these terms.

Okay, I understand Breaking Bad style money laundering.

On the topic of creative accounting, I guess they inflate the budget so they only pay personal taxes rather than corporate taxes and personal taxes. That makes a lot of sense.

That doesn't explain though how porn could be such a big business considering it's not paid for in cash as far as I know. I suppose it is possible that there is a large portion of the population with porn subscriptions, but then they would be on Sup Forums probably so... There must be a way to launder money, right. And if it works in porn it should work in Hollywood too.

Wait a minute, creative accounting doesn't make that much sense. If you have clean money in the bank and then invest 10 million which you pay to yourself as salary, then put out a shit movie you pay personal taxes on clean money for no purpose. The movie would have to make at least half your budget to pay for your personal taxes before you actually profit. So the film companies still need to make movies that draw an audience.

what is this semen experiment?

Those TEETH nigga

sorry, bro. Here's the good shit.
just thinking about money

You're a girl, i shouldn't have to explain laundry to you...

You only pay taxes on profit.
So the point is to make it look like the movie has not made a profit.
If it made a loss you can still claim the expenses, which means you will be paying less taxes on your other movies that make a profit

If in a particular year you spent $100 on Movie A and you made a loss of $10, you can now claim $110 in expenses.

So if on Movies B, C, and D, you made a combined $120 in profit, you will only pay $10 at the end of the year

You forgot another important thing - everyone who has a contract that gives them a cut of the profits... tough luck!

(see: original Darth Vader actor who didn't get shit because Star Wars never made a profit...)

Okay, I see the studio gets the loss deducted from the profit of it's profitable films, but then why not have them all be losses to make up for the revenue from licensing old movies. I guess the studio is just exists for legal protection of the individual.

The individuals still pay taxes on their profits though so it is just a way of eliminating corporate tax.

What is the point of corporate taxes anyway, a corporation is just a group of individuals (shareholders) holding assets between themselves?

>I watched the producers, but didn't get it. You con old ladies and then if the play gets a big crowd you lose money. What?
in that movie he promised investors % of the profit but he would only have to pay out if the play was successful. if the play bombed he would get to keep all the extra money but it was successful and he could not pay the investors because the amount he had promised each of them exceeded 100%

"OH MY GOD!" - joseph joestar

There's a difference between net points and gross points.

Jack Nicholson had gross points from Batman and raked in 50 millions in '90s dollars.
Still does.

we had a fuckign thread about this this morning

i explained it ilke 3 times

come on user

The total of the electric flux out of a closed surface is equal to the charge enclosed divided by the permittivity.

yeah, i started this immediately after it 404'd because i thought it was so shit. Word in my thread is that mobsters do not launder money through movies (no one has bothered to post an example of how it is done). I think some one in the other thread posted a movie about mobsters in Hollywood with John Travolta, but JT is fucking gay and I don't feel like putting up with his acting.

A really good example for money laundering that I think is easy to understand comes from Breaking Bad.
When cancer man buys the car wash and Skyler creates all those receipts for services that never happened, and she does all the cash transactions by herself.

You could have copypasta'd from random wikipedia article. There's only been like one guy in this thread who could impress a non-shit woman.

Ghost busters was a laundering scheme
>100 million for marketing.