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Re: CaffeineDream post# 27924

Wednesday, 10/08/2014 8:04:20 PM

Wednesday, October 08, 2014 8:04:20 PM

Post# of 54719
No, it was $47K. And if the gold was from melting down old jewelry, isn't that money laundering and tax evasion? Claiming production of gold from illegal mining operations, when in actuality the gold probably came from scrap gold? Since the company will be unlikely to ever claim a profit, the sale of gold won't be taxed. Nifty little scam.

So, what's worse - illegal mining, or tax fraud?