Word: laundering
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...surprisingly, the Soviets rarely launder this dirty linen in public. Now a change seems to be in the air. The officially controlled press has acknowledged, in almost painful detail, an environmental calamity that seriously polluted one of the U.S.S.R.'s major rivers: the Dniester, which is a vital source of fresh water for the rich agricultural lands of the southwestern Ukraine and the small Moldavian Soviet Republic...
...elsewhere, Mewshaw's book has replaced the weather as the common subject at Wimbledon. It is the account of a tennis buffs disillusionment when he discovers that everything in men's tennis is rotten: the strong-arming for appearance money, the dubious clinics and commercial deals to launder the money, the cooperation of umpires in protecting the investment, the splitting of prizes, the prearranging of exhibition results, the "tanking" of unlucrative doubles matches merely to catch a plane...
...more direct ways, such as gaining job protection for them when 4000 layoffs had to be made after the passage of Proposition 2 1/2 White may charge Weld, a Republican, with political motives, but Weld has a lot to go on, most of all the apparent attempt to launder $122,000 in campaign funds by giving it to loyal employees, who in turn donated it as gifts for a planned birthday party for Mayor White's wife in 1981 (The party, which would have been held at the Museum of Fine Arts, was cancelled after public outcry over its extravagance...
...deposits of $10,000 or more, as required by law. And at least four banks, according to law enforcement officials, are controlled by drug dealers. Treasury Department investigators have long suspected that some smaller banks, known as Coin-o-Washes among both cops and criminals, were founded primarily to launder money for the drug trade...
Perhaps the most popular ruse to launder drug cash, and simultaneously hide it from the IRS, is the use of phony companies in the Caymans or anywhere else with low business taxes and helpful bank secrecy laws. It is one of many devices the dealers have learned by following the example of shady U.S. businessmen. Money is sent to the dummy firm, deposited in a local bank that U.S. government auditors cannot penetrate, and "loaned" to a company owned by the dealers back in Florida. That company can engage in some legal business, pay its owner a salary-giving...