I'm perfectly willing to do a "live" demonstration of money laundering using the futures markets. In your last private letter, you suggested that we use real money. I see no reason to do for two reasons: 1) Commission costs and other fees are prohibitive for the small amount of money that I have. Plus, why would I want to spend all that money just to prove a point to you? 2) I see no reason to go out and borrow money for what is essentially an academic exercise. This is a game for the rich. If you've only got to move $10,000 then cash and Fed Ex is fine. So you are welcome to add all of the margin requirements and stuff and we'll work it out on paper. (I'll even sweat a bit for real, if you want.) Make out a list of the transaction costs and margin requirements and I'll come up with a target sum to transfer. Then we can figure out the risk strategy to pursue. The only problems I can see in doing this well is finding a source of futures prices. I don't have a live feed and I don't have the time in my day to sit on a terminal waiting for the right moment.(I've wasted enough on this argument.) Closing prices are okay, but they are not as efficient as using all of the noise in the market during the day. Oh, I wanted to point out one other fact about swapping tickets: It's illegal. But it is not clear that it is illegal to just place bets on both sides of the market.