Richard Bell,an organized crime boss and casino owner,has made a lot of money with his illegal drug operations and illegal gambling.In order to make it look like he earned it legitimately,Richard hired crooks to take the drug money and spend it in Richard's casinos in discreet amounts.The crooks are supposed to lose the money on purpose so that the casino can claim this as winnings.The crooks are then paid a small amount for their services.What crime is Richard committing in converting his drug money to alleged legal money?

Question

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Richard Bell is committing money laundering by converting his illegal drug money into alleged legitimate money through the use of his casinos and the involvement of crooks to lose the money in the casino. Money laundering is the act of concealing the origin of illegally obtained money by making it appear to have been obtained from a legitimate source.

Richard Bell,an Organized Crime Boss and Casino Owner,has Made a Lot