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The Connect- with Johnny Mitchell

This Is Exactly How You Should Launder Money | Ep #3

The Connect- with Johnny Mitchell

Johnny Mitchell

True Crime

4.3562 Ratings

🗓️ 6 October 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

Johnny breaks down exactly money laundering works, describes his failures as a drug money launderer, and explains the best ways to launder money and the ultimate goal of being a gangster. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I said, oh fuck.

0:04.1

My mom had just thrown away 40 grand in drug money.

0:07.0

The legitimate world colludes with the criminal world to hide and clean up money.

0:13.4

When you look at the most successful gangster families in this country, it all traces back to illegal money.

0:19.6

This was my shot to build dynastic wealth.

0:36.6

Hey, what's up you guys? Welcome back to The Connect. My name is Johnny Mitchell. Before we get

0:40.9

started, go ahead and hit that subscribe button and turn on your alerts so you get notified

0:45.3

whenever we drop new content. Of course, follow me on Instagram as well at Mr. Johnny Mitchell,

0:50.9

and be sure to leave us a comment. All right, let's get into it. So in this episode,

0:55.4

we're going to be talking about money laundering. Now, I told you how I made my millions

1:00.0

shipping pounds of weed to the East Coast. I got about 1,000 pounds there in a little under 18 months.

1:06.8

Almost all of them made it through. It was the money getting sent back to me that ultimately led to my downfall and arrest.

1:13.6

We're going to be talking about how most drug dealers launder their money, how I did it,

1:18.6

and what I learned is the best way to do it, from talking to people in prison, from my own failures,

1:25.6

and just seeing the inner workings of law enforcement and how they come after drug dealers cash as hard as they come after the drugs themselves.

1:33.3

Money. It is the most important part of any business and especially the drug business.

1:38.3

And authorities know this. And that's why it is now policy for them to come after and seize drug money as aggressively as they go after drugs themselves.

1:49.7

That's because they know that if a drug organization loses all of their money, they can't go get a loan to float them as they try to get back on their feet.

1:58.8

You know, drug dealers can always go get more product.

2:00.8

But if a package of a million dollars gets seized, they try to get back on their feet. You know, drug dealers can always go get more product,

2:07.7

but if a package of a million dollars gets seized on its way back to the drug seller,

2:14.3

that could put them under for good. So money is just absolutely crucial, and it's crucial that it gets laundered in the appropriate ways. What is money laundering?

...

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