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anyway to answer your question- it's $2000 of stolen goods to get witnessed by enforcers. I don't think it really helps level up contacts my my knowlege though.
not entirely sure about turning in loot item but i know turning in stolen cars gets you like12-15 standing per car vs 2k-ish for a half decent match
and from what i remember laundering money doesn't give you any standing at all
as for how much it takes to get witnessed it depends entirely if the enforcers in the area feel like it or not
in theroy you could drive around all day with 100k in stolen cash and noone would bother or you could get witnessed first time you mug a NPC