Chapter 28: Groundwork Part 2
The waitress arrived with a plate of pancakes and topped up the coffee. He poured syrup over the stack.
"You remind me of a guy from back in ’09," Saul said, wiping syrup from his fingers. "Total genius. High school chemistry teacher turned meth kingpin."
"Enough stories," Terrence interrupted. "Just explain the process."
"Alright, alright. Straight to business. First, we set up the LLC—name it something forgettable. Generic consulting firm, nothing flashy. That’s your clean face."
Pulling a pen from his pocket, Saul began scribbling on a napkin.
"Next, we open two accounts under the business. One you use to receive transfers—crypto converted to fiat through a gray-market exchange I know. The other stays clean. That’s where your ’consulting fees’ go."
Terrence watched closely, eyes on the diagram—two boxes, one arrow leading to a smaller circle labeled safe.
"Then you loop it. Move money from the first account to the second using fake invoices. Make it look like a client’s paying you for services. IT support, marketing, research, consultation—whatever sounds boring and real."
Silence stretched, letting the information sink in.
"Every few months, you pay some taxes. Not a lot. Just enough to make the IRS think you’re a small fry playing by the rules. Meanwhile, you siphon off the rest—either reinvest, hold in crypto, or tuck it into hard assets."
Terrence spoke without looking away. "Property. Cars... and businesses?"