I realized that the authorities, how they catch you is they
follow the money and if they're going to follow the money to a
dead end, for example they go to a bank and they say "Who owns
this bank account?"
and it's Polly Prostitute address unknown, it's going to
be awfully hard to find her.
And about the same person who has the post office box and the
DBA, it's going to be awfully hard to find that person.
When the checks would come to the mail drop address, I would
sneak over there like 2 or 3 in the morning, because you know,
you get a key to the front door and a key to the box, and I'd
make sure nobody was around.
I'd get the checks out and then I would put the checks in the
night depository so that nobody would ever see me.
I'd put on my surgical gloves because you know that paper
gives off a very good fingerprint.
After money was deposited into one account, a check would be
written and put into another one and another one so if the
authorities were to follow me they would have to go from bank
to bank to bank and law enforcement agents do not like
to work.
The longer you make them work, the harder you make them work,
the more they are going to go on to another case, especially in a
big city like Los Angeles.
I would purchase stock through company checks and then have
that converted into cash by selling the stock and having the
check made out to a person who would then cash the check.
So what you would do is you would receive my check.
I'd buy stock, let's say in Microsoft or a solid company and
then after a little while I would sell all the stock, maybe
leaving a little bit of it left.
Well the stock brokerage firm would write a check to anyone
you want to for the sale of the stock, whatever you had in your
account.
That could go into one account and that account could write a
check into another account and it just makes the trail a lot
harder to find.
You find a branch manager at your bank and you befriend him
and you offer him amounts of cash that when you come in and
cash a check or receive cash, $80,000 or $100,000 that he's
going to lose that report or not file one.
Dr. Richard Riley, Ph.DLouis F. Tanner Distinguished Professor of Public Accounting
Dr. Richard Dull, Ph.DGoMart Professor in Accounting Information Systems
John Gill, J.D., CFEVice President - Education
