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Watch Rachel Maddow explain exactly how a Russian criminal would launder $10 million

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MSNBC anchor Rachel Maddow imagined how she would launder $10 million out of Russia if she were a criminal instead of a broadcaster.

“The first important thing to know about Deutsche Bank in this story, it’s up to its German neck in Russian money laundering,” Maddow noted.

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“I’m a Russian crook and I grew up practicing judo with Vladimir Putin and he’s given me leave to steal stuff or strip the assets out of some formally state-run company,” Maddow said, explaining the character she would play in her role-playing. “I’m a Russian bad guy. I’ve got ill gotten gains.”

“I’ve got stolen money and I would like to enjoy my stolen money and so in order to do so, I have to secret those funds away somewhere where they won’t get noticed by law enforcement. Where they won’t get taxed. And where anybody who might prosecute me, or persecute me for the way I got this money, they won’t be able to find it and reclaim it and trace it back to me,” Maddow continued.

“If I want to get $10 million out of Russia, I want to convert it from Rubles into some other currency. To get it out without anybody noticing, it has to look like that money is leaving the country as some part of legitimate transaction,” Maddow noted. “That’s where Deutsche Bank comes in.”

“So you need to have something you’re going to buy for a lot of money. So you have somebody abroad go to the bank and say ‘I have this highlighter and the price of this highlighter I want to sell is $10 million.’ Miraculously, simultaneously at that same moment you pop up in Moscow with your $10 million in ill gotten Rubles and say hey, office, ‘do you know anybody selling something I might be able to buy for $10 million? I was thinking of investing in a highlighter. Do you know anybody selling one for $10 million?’ Maddow explained, holding up a highlighter.

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“I’m the dude in Russia, I hand $10 million in dirty Rubles into the Moscow office. They say you purchased a highlighter,” Maddow recapped. “Then over in their other office abroad in London or wherever, that bank’s office, they pay their client $10 million in euros or dollars or whatever and they, you know, collect the highlighter that’s just been sold. And that’s it, that’s how the money moves.”

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Right-wing activist David Koch dead at 79: report

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David Koch, the billionaire industrialist and conservative activist, has reportedly died.

Sources close to the family confirmed the 79-year-old Koch, who retired from the privately owned Koch Industries last year, passed away, according to New Yorker reporter Jane Mayer.

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He was ranked the 11th-wealthiest person in the world upon his retirement, with an estimated net worth of $51 billion, and both he and his brother donated much of their fortune to conservative political candidates and causes.

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Trump Twitter freaks out about coming recession and tries to pin the blame on the Democrats

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He suggested that his political enemies were willing to sacrifice their wealth to defeat him next year.

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‘American Carnage’: How Mike Pence uses his brand of right-wing evangelical Christianity to play Trump

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