2/ But, why did McCabe and Avenatti both use crowd funding sites to raise money. Its actually very inefficient... Its expensive and means there has to be rather open reporting and accounting of the money raised. They used it because those sites are the goto for money laundering

3/ Regular merchant processors like stripe and many more, do a credit evaluation and also a have very strict rules about the buinsses they will take in. This is because things like travel have a HUGE risk of chargebacks. So does electronics cos of stolen cards

4/ they have very strict rules about card not present transactions, and also large compliance type staff. This is because they get the hit with chargebacks and frauds! Their biz model is arithmatic, nickels and dimes, high volume and velocity

5. regular merhcant processors use ISO's to acquire new biz, and also their own internal sales departments.
Crowdfuning sites act as a front end, they lease the back end capacity, clearing and settlemt of banks, or Stripe in this case

6/ crowdfnding sites sign agreements with Stripe that indeminfies Stripe against all criminal and civil exposure/risk. All the risk is held by GoFUndMe and CrowdJustice. These companies NEED BIZ BAD! "see no evil, hear no evil see no evil"

7/ Stripe reserves its right, but they kep at arms length "please see Stripe’s Terms for the terms that will apply to the payments you make using the Stripe service."

8/ crowdjustice and gofund me are repsonible for alerting criminal authroties when they suspect fraud. Ask them hom many times they have done so

9/ so, how does someone like mccabe and now avenatti use it to launder money?
There are mnay WELL KNOWN ways tht mobsters use these sites the way they used to used pad telphone cards.
1) Small transactions from the same people done over the course over a few days

10/ bfore the transactions settle, cancelled and instead they'll get one or two big checks that make up the same amount of money. Cancell 5000 transactions for 1mil dollars. Then make good by soemone giving them a few big checks for the same amount, avoids legal reporting shit

11/ this is VERY likely the way McCabe and Avenatti are using the site. You see names of contributors like "laura" gave "$50" but that person doesnt settle, its cancelled.
Sometimes the launderer will be lazy and not even bother cancelling. Lawyers are lazy fuks, never bother

12/ this leaves HUGE paper trail, all little transactions, like 50 a day for $50 dollars each from th SAME bank account!!!. Holy shit, its a huge red flag. IFit went directly thru Stripe or a bank's merchant division it would be flagged that day and authorities notified. BUT...

14/ Telling u this now because (most) journos are lazy fuks, they wait until someone gives them a story and they always have a tight dedline and they need clicks every day, sot ehy dont even have time to do jouno stuff