http://en.wikipedia.org/wiki/Money_launderer
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The money involved can be generated by any number of criminal acts, including drug dealing, corruption, accounting and other types of fraud
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Will is misrepresenting how much money he made by a factor of $6,000,000. It's no different to sending money back and forth between bank accounts then claiming to investors that you made the total credits listed from a deal and selling them the same deal which actually makes very little profit, as attested by Will.