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re: So, you've got $25M in illegal gains to hide and could be arrested at any time...
Posted on 1/25/18 at 9:47 am to Captain Crackysack
Posted on 1/25/18 at 9:47 am to Captain Crackysack
quote:
The Swiss will sell you out as soon as the Feds apply pressure
UBS had to pay $780 million in fines to the gov't and I am not even sure if that was only the first wave.
0
Posted on 1/25/18 at 9:48 am to Jim Smith
Pretty sure the Swiss will extradite you on an Interpol warrant.
Posted on 1/25/18 at 9:50 am to Giantkiller
quote:
Do I have the 25M all at once? If so, I'd go to Switzerland with all the money now.
Switzerland is one of the worst choices FYI, they got clobbered by the IRS already and submitted, they absolutly will inform the IRS of any accounts held by U*S citizens.
Posted on 1/25/18 at 9:51 am to boosiebadazz
quote:
Pretty sure the Swiss will extradite you on an Interpol warrant.
Well that fricking sucks. Guess you gotta go to South America, Nambia, or Russia.
Posted on 1/25/18 at 9:51 am to upgrayedd
quote:
$25 million in gold is 1171 lbs
Plus, you're going to take a bath on whatever hard assets you buy. You can buy a 1 CT diamond without an issue, but paying cash for $100k+ diamonds will be a problem.
Posted on 1/25/18 at 9:52 am to cave canem
quote:
Switzerland is one of the worst choices FYI, they got clobbered by the IRS already and submitted, they absolutly will inform the IRS of any accounts held by U*S citizens.
So much for the Swiss being the kings of banking privacy I guess.
I shouldn't be this hard to hide a couple million dollars in cash...ughhhhh
Posted on 1/25/18 at 9:53 am to Bayou_Tiger_225
How're you gonna get $25MM USD into the crypto markets to start with? Coinbase maxes you out at $15k/wk. That's 32 years of weekly, max deposits. You'd get popped quick as your ACH account funding crypto would be monitored by AML/KYC laws.
Posted on 1/25/18 at 9:53 am to slackster
quote:
Plus, you're going to take a bath on whatever hard assets you buy. You can buy a 1 CT diamond without an issue, but paying cash for $100k+ diamonds will be a problem
Posted on 1/25/18 at 9:54 am to Whale Breath
Yeah, crypto is a terrible idea, at least in the US.
Posted on 1/25/18 at 9:55 am to slackster
If you want to use crypto, you should start using the he business that way. You need to get paid in bitcoin from jump street if you want that to work.
Posted on 1/25/18 at 9:55 am to boosiebadazz
quote:
Pretty sure the Swiss will extradite you on an Interpol warrant.
Yep. The Swiss were the ones that almost sent Roman Polanski back to the U.S. They arrested him, but ultimately ruled that they would not extradite, though they easily could have put him on a plane bound for L.A.
Posted on 1/25/18 at 9:56 am to Jim Smith
I contact one of the guys I used to work with. They toss it on a flight going to a third world country, that's about 150lbs of 100s. I dump the entire thing into bitcoin.
I withdraw as I need it stateside and pay as little tax as possible on it.
What can I say Mr. Taxman, I had a good year.
I withdraw as I need it stateside and pay as little tax as possible on it.
What can I say Mr. Taxman, I had a good year.
Posted on 1/25/18 at 9:56 am to Jim Smith
Do I need the $25M in cash at a later date or can it lose value? If it can lose value I'm buying a large sailboat in cash and retiring as I sail around the world.
Posted on 1/25/18 at 9:58 am to Jim Smith
You should have been washing the money the whole time.
Posted on 1/25/18 at 9:58 am to slackster
I guess you could rent a car and drive around to every known BTC ATM and make max cash deposits to a private wallet. Better have a hollywood-level disguise and be willing to get fleeced on fees though
Posted on 1/25/18 at 9:59 am to robertLSU
quote:
Do I need the $25M in cash at a later date or can it lose value? If it can lose value I'm buying a large sailboat in cash and retiring as I sail around the world.
You'd need some cash to live on obviously, but buying a large sailboat might work actually. You'd have to keep a large amount of cash on the boat for spending purposes maybe.
Posted on 1/25/18 at 10:00 am to Jim Smith
I'd buy a sailboat and sail to an island off the coast of Nova Scotia. Dig a deep pit and hide money in it before booby trapping the whole thing.
Posted on 1/25/18 at 10:01 am to Jim Smith
I'd open a bar/club in college towns and bring in artists to perform to get bigger crowds. Also open up a few wing/burger spots as well.
Posted on 1/25/18 at 10:02 am to Jim Smith
Open a bunch of frozen banana stands. Do I really need to go on?
Posted on 1/25/18 at 10:02 am to pjab
I mean, people like Bernie Madoff for instance. The guy had more money than God. He likely had billions. He knew what he was doing was illegal and likely that he could get arrested at any moment. He didn't do much to hide his money I don't think. His wife is now living in a $500,000 house and driving a Prius around town. You would think he would have thought about his eventual downfall and tried to prepare for it.
This post was edited on 1/25/18 at 10:04 am
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