When I saw the title I thought it was about a cryptocurrency
A man who got away with $242M using ‘black magic’
31–40 of 95 posts
Re: A man who got away with $242M using ‘black magic’
#32Still the writer is telling the story as an absolute truth, if he claimed could double money, why that guy kept sending him money without getting back anything doubled? And 3 years, the sentences, way to little, something doesn't add up, I'm inclined to believe that he actually was some kind of scapegoat, that yes he received money from the bank, but a cover up, also the bank didn't noticed, so much money going out w…
Yeah, I was really hoping the article would explain more.
Re: A man who got away with $242M using ‘black magic’
#33Reminds me of a great (now-deleted) tweet I saw a few years ago: "Everything is legal if you scale it up." Convert the cash to assets, then convert the assets to political clout---at that point the cash heist is in the rear-view mirror...
It will catch up to you in the end.
Maybe. Maybe not. Sissoko landed in a mansion in Mali. He no longer has his playboy lifestyle, but he's still way better off than most people. He was trying to get legit through his airline, but made a mistake.
Putting wealthy people in jail doesn't normally happen. And even when it does happen, their stays usually aren't half as bad.
Re: A man who got away with $242M using ‘black magic’
#34Still the writer is telling the story as an absolute truth, if he claimed could double money, why that guy kept sending him money without getting back anything doubled? And 3 years, the sentences, way to little, something doesn't add up, I'm inclined to believe that he actually was some kind of scapegoat, that yes he received money from the bank, but a cover up, also the bank didn't noticed, so much money going out w…
Yeah, I was really hoping the article would explain more.
I assumed he was giving back doubled amounts at a small scale using borrowed money or whatever, then when he got a large sum he ran. But even if that’s what he did, I don’t know how he jumped from small amounts he could borrow to $242 million. I guess we will never know for sure how he did it.
Re: A man who got away with $242M using ‘black magic’
#35"I have magic powers to double your money" is exactly the sort of banks use to promote their mutual funds and whatnot.
Re: A man who got away with $242M using ‘black magic’
#36Reminds me of a great (now-deleted) tweet I saw a few years ago: "Everything is legal if you scale it up." Convert the cash to assets, then convert the assets to political clout---at that point the cash heist is in the rear-view mirror...
Well, that's just how social/cultural norms work (the greater the proportion of the population participating, typically the greater acceptance), but in this case it is literally illegal and believed still by the vast majority of people to be unjust.
Re: A man who got away with $242M using ‘black magic’
#37This guy sounds awesome. If there are any aspiring screenwriters out there this would make a great movie. Think Catch Me If You Can but more modern and international.
And cast Eddie Murphy as Sissoko.
Re: A man who got away with $242M using ‘black magic’
#38Earlier quoted context omitted.
How does this work exactly? I can see how it works in the short term e.g. you give me money, I give you double, you give me lots of money and I disappear with it. But it seems he had an ongoing relationship with the Daubi bank manager, how is that possible?
I think it comes back to the part in the beginning where the article says that blackmagic is forbidden but there is a strong belief in it.
At some point you also have good old fashioned blackmail.
Once the mark has been tricked into giving away a small sum, you can now hold it over their head as blackmail to give you a larger sum - they are as fired/going-to-jail after giving away $X as for $10X, so with the stick of telling their bosses what they've done and the carrot of "maybe I can get you out of this if you give me a little more", the con artist can keep coming back to the same victim over and over.
Re: A man who got away with $242M using ‘black magic’
#39This guy sounds awesome. If there are any aspiring screenwriters out there this would make a great movie. Think Catch Me If You Can but more modern and international.
Absolutely. This story is totally unreal. The fact that it is true and actually happened makes it extremely appetizing for a movie to be made.
Re: A man who got away with $242M using ‘black magic’
#40Coincidentally, on the BBC News is Nirav Modi: Who is India's scandal-linked billionaire?
http://www.bbc.com/news/business-43081499
> Then this week, the same bank publicly alleged that the jeweller was among those involved in an alleged $1.8bn fraud - which has led to fears for India's second-largest state-run bank.