Money laundering, kids! This is how it works. Another major one: book deals. They pay upfront royalties of $X million dollars. Never expect to make that revenue back on book. Hire shitty ghost writer to churn out drivel. Sell it everywhere (and the extras all end up in Costco). File as a loss for IRS purposes. EVERYONE IS HAPPY.
Money laundering, kids! This is how it works. Another major one: book deals. They pay upfront royalties of $X million dollars. Never expect to make that revenue back on book. Hire shitty ghost writer to churn out drivel. Sell it everywhere (and the extras all end up in Costco). File as a loss for IRS purposes. EVERYONE IS HAPPY.