71–80 of 243 posts
I don't understand how you could take out $2m and expect not to go to jail or to have any consequences for your actions. That blows my mind.
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it would be pretty obvious when the transactions were checked too, most of them would be for the value at the time of a gold bar.
I would set up a trust in the British virgin islands or Cayman's, transfer the money out there and maybe set up another trust to transfer into if that one was discovered. He was spending the money on strippers and cocaine, no receipts required. Not that I'd do it mind, but I think that'd be a way to get away with it. Reasonable ROI even if you do go to jail for a year or two ;) Read "treasure islands" sometime. Fasci…
Then I figure out a way to make it so that I'm no longer doing anything illegal, and wait for the statute of limitations to kick in. Probably I'd have my lawyer in Australia declare bankruptcy or something.
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In the US, you have to disclose every arrest, criminal proceedings, etc. along with all debts, so this would come out. And they can can deny you for things that aren't convictions. That said bar examiners like a good human interest story as much as anyone else. A former bank robber got admitted to the Washington bar last year after he started doing Supreme Court appellate work while behind bars.
If he had committed a crime, that would be one thing. Taking advantage of a free spigot of money though, that would get him fast tracked as far as the bar is concerned.
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I would set up a trust in the British virgin islands or Cayman's, transfer the money out there and maybe set up another trust to transfer into if that one was discovered. He was spending the money on strippers and cocaine, no receipts required. Not that I'd do it mind, but I think that'd be a way to get away with it. Reasonable ROI even if you do go to jail for a year or two ;) Read "treasure islands" sometime. Fasci…
I'd buy an island in a nation that doesn't have an extradition treaty with Australia, buy a tonne of gold, and move to my island. Whenever I need more money, I sell some gold. Then I figure out a way to make it so that I'm no longer doing anything illegal, and wait for the statute of limitations to kick in. Probably I'd have my lawyer in Australia declare bankruptcy or something.
I suspect it's really not all that unique.
Earlier quoted context omitted.
I'd buy an island in a nation that doesn't have an extradition treaty with Australia, buy a tonne of gold, and move to my island. Whenever I need more money, I sell some gold. Then I figure out a way to make it so that I'm no longer doing anything illegal, and wait for the statute of limitations to kick in. Probably I'd have my lawyer in Australia declare bankruptcy or something.
Then 2 guys in a zodiac with guns will come and put a hood over your head, load up the gold in a helicopter, take you away and problem solved.
> I was just unlucky I guess that it happened to me. People like this who have no sense of personal responsibility are an evil in the world. He spends millions of dollars of other people's money, declares bankruptcy (presumably), and when his actions are deemed dishonest and immoral, though not technically illegal, he acts like that's just name-calling and gets right back up on his high horse. Remind you of any Presi…
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I've heard that phrase before but with a few extra 0s. $2m isn't really that much for a bank these days. Besides they probably were able to get a fair amount of that back in the stuff the police took.
Yeah, usually $2 million is around the amount where you have a problem. It's when you owe the bank $2 billion that the bank has a problem.
PS: This is where cash flow is so important. If you have debt of 10 billion and assets 'worth' 9 billion but can make debt payments then it's not yet game over.
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Yep this is my takeaway from the story. I will not be sad when AI automates away the majority of the legal industry. Really really terrifying that one's access to justice is dependent on their access to finances. Luckily this guy was smart enough to actually represent himself - credit to him for that!
This has been my reason for being against the death penalty for many years. It's hard to justify when the OJ's of the world get a pass due to wealth or celebrity. I never thought of AI being used in this capacity. Seems like we'd live in The Day The Earth Stood Still world, giving the automatons the jurisdiction to meat out justice.
> I was just unlucky I guess that it happened to me. People like this who have no sense of personal responsibility are an evil in the world. He spends millions of dollars of other people's money, declares bankruptcy (presumably), and when his actions are deemed dishonest and immoral, though not technically illegal, he acts like that's just name-calling and gets right back up on his high horse. Remind you of any Presi…
A loan is a two party relationship and both parties have responsibilities. Also there are known consequences to default. Defaulting on a loan has nothin to do with morality as far as I'm concerned. If you are fine with the consequences of default then do so. It's not immoral as everyone knows the risk/consequences.