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- To: [email protected]
- From: [email protected]
- Date: Fri, 19 Apr 1996 14:57:39 -0700
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Black Unicorn wrote:
>>
>
> Clever kidnappers make arrangement in advance to deposit this cash with
> willing financial institutions who will hold it for several years before
> mixing it into their cash withdrawl stream. Kidnappers are paid based
> on a subtraction of interest for the period while the cash is undeposited
> and earns no interest for the financial institution, plus a fee.
>
> BCCI was quite notorious for using this method to cool off hot money.
>
> When the money was only mildly hot, it was simply physically transported
> to offshore banks in smaller lots and used for their cash payouts.
> (While riskier, this allowed the payment of interest).
>
> The other option was simply to launder the money through enough
> agitations so that two or three banking secrecy entities were between the
> return of the currency to free circulation and the kidnappers.
>
christ.
who the hell is this guy?