Criiiiiikey!
They allegedly do so by converting proceeds from criminal activities into Bitcoin via “cash-in-hand deals” with crypto traders they meet on Facebook.
They then use that crypto to acquire fake streams for artists with links to gangs and collect the money paid out for those streams.
Sweedish House Mafia gangsta rap gangsters.
I know by its nature money laundering has to be convoluted to hide the trail of where the money came from but even by those standards this seems convoluted. Aren’t there easier ways to do it?
Laundering 5p a decade
I for one am delighted Spotify have playlisted my new track:
ScamTrack01-10SecondsOfSilence-LaunderNorthernBankMoney120kbps.mp3
spotify have responded
Spotify hits back at claims of fraudulent streams by criminal gangs - Music Ally.
I assume they’re praising their entrepreneurial gusto
