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Hacker Publishes 2TB of Data from Cayman National Bank

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Re: Hacker Publishes 2TB of Data from Cayman National Bank

#171

Post by malvosenior »

iudqnolq wrote: post #154
malvosenior wrote: post #126

Earlier quoted context omitted.

> I couldn't find a source for your claim that no one else had committed suicide in the MCC in over ten years. Cite? Sure, one successful suicide in 21 years: https://nypost.com/2019/08/10/suicide-supposedly-nearly-impo... Anyone leaving that bit of information out of their narrative is being willfully deceptive or is not informed enough to have an opinion they should be making public.

Suicide is a common problem in federal prisons, accounting for around 30% of prisoner deaths. The NYPost article is deeply unsatisfying as a source to me because it conflate protections all prisoners have and protections prisoners on suicide watch have, and incorrectly states that cameras in federal prisons commonly cover sleeping areas. It also claims taking someone off suicide watch is unusual and rare, involving a…

Here's Fox saying it's been 40 years with some more detail:

https://www.foxnews.com/us/epstein-new-york-lockup-suicides

Regardless, it seems as if suicide is not a common occurrence in this prison. Epstein was the highest profile prisoner on the planet. His suicide is not routine and it shouldn't be discounted to incompetence, especially while these reports ignore how difficult it is to actually commit suicide in this particular facility.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#172

Post by ChainOfFools »

GhettoMaestro wrote: post #165
seibelj wrote: post #58

Earlier quoted context omitted.

I still can’t believe it’s legal to move from SF to Texas if you were born and raised in SF. You owe the good people of San Francisco repayment for raising and nurturing you. Leaving after all that education and local services is a corrupt tax-dodge into a state without income tax.

> I still can’t believe it’s legal to move from SF to Texas if you were born and raised in SF. You owe the good people of San Francisco repayment for raising and nurturing you. Leaving after all that education and local services is a corrupt tax-dodge into a state without income tax. Lol you again. How many times must you hear this to understand: Total freedom implies freedom of movement. You do not own people. You n…

pretty sure OP was sarcastically trying to highlight the possibility that some premises may not be safe to leave unexamined. though tone is much more something I'd expect to see on Reddit than HN, it's a valid criticism.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#173

Post by karambahh »

bouncycastle wrote: post #164
gxqoz wrote: post #50

Earlier quoted context omitted.

A recent piece in The Guardian argues that South Dakota and other US states are actually becoming the go-to place to store anonymously your illicit cash and make sure that your heirs can inherit it without taxes forever: https://www.theguardian.com/world/2019/nov/14/the-great-amer... Partly because the US has compelled other countries to provide more transparency without joining that transparency organization itself.…

> place to store anonymously your illicit cash What if I just want a place to anonymously store my legally gained cash? Unfortunately, it seems the normal people lost their privacy nowadays at the expense of the criminals and the "If you've got nothing to hide, you've got nothing to fear" argument has taken a stronghold in the financial sector.

Because the social contract of most countries is that your legally gained cash is to be taxed in one form or another and thus has to be known by the tax authorities?

You can argue that your assets are to be private to the general public but some countries do not have that assumption (Norway comes to mind).

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#175

Post by [deleted] »

pavlov wrote: post #73
CaymanCruiser wrote: post #37

Earlier quoted context omitted.

Using a throwaway for obvious reasons. I have a fair bit of insight into this industry, both from friends, acquaintances, and family who use a variety of offshore structures to manage their wealth and from my own dealings (the company I founded and currently manage is offshored for tax and legal purposes). What people don’t realise is that aside from a couple outliers offshore jurisdictions aren’t that shady at all a…

> ...the United Kingdom being the leader here. Having lived in the UK, I'm convinced that the real reason for Brexit is to preserve these offshore tax havens from any meddling by EU regulations. It's not an accident that Brexit suddenly became crucially important to the Conservative Party only when the EU developed a new interest in unified financial regulations after all the turmoil of 2008-2011.

[deleted]

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#176

Post by GhettoMaestro »

ChainOfFools wrote: post #172
GhettoMaestro wrote: post #165

Earlier quoted context omitted.

> I still can’t believe it’s legal to move from SF to Texas if you were born and raised in SF. You owe the good people of San Francisco repayment for raising and nurturing you. Leaving after all that education and local services is a corrupt tax-dodge into a state without income tax. Lol you again. How many times must you hear this to understand: Total freedom implies freedom of movement. You do not own people. You n…

pretty sure OP was sarcastically trying to highlight the possibility that some premises may not be safe to leave unexamined. though tone is much more something I'd expect to see on Reddit than HN, it's a valid criticism.

No. He has repeatedly made the same comment (or "meme", "canard"). It is not insightful commentary; it is not much more beyond propaganda at this point.

California has made horrible financial decisions for over a decade. To pretend it is somehow moral to trap people and their wealth to those decisions is complete insanity. Also it won't work, to point out the obvious.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#177

Post by chii »

mlazos wrote: post #155
throwaway_tech wrote: post #148

Earlier quoted context omitted.

>Just a quick note that the US is equally powerful in the financial arena as they are militaristically, if not more so. This was the trade off Churchill was forced to agree to, as London was being bombed by the Nazis, if he wanted the US to join the war. Before the War the UK ran the World's finance, after the War it was the US. In short the US financial power was birth directly from its military power.

I don’t think it was a deliberate agreement per se, I feel like it was just the natural outcome after the US helped rebuild a lot of Europe. The previous world order had been ripped apart by the war, and the US was the world’s largest economy by the end.

It's the "hidden" rewards of winning the war. The US didn't take any territory (cept leaving bases behind). But they can reap the financial control and profit immensely via this indirect control.

This is why the US does not want https://en.m.wikipedia.org/wiki/BRICS to succeed and will do much to sabotage it.

In the world of politicking, there are no good guys - just lesser of evils (or better the devil you know).

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#178

Post by magashna »

CaymanCruiser wrote: post #81
magashna wrote: post #49

Earlier quoted context omitted.

> quite frankly draconian rules that usually places them on US/EU/OECD blacklists Assuming ethics is not a concern

I think the true moral crime here is preventing sovereign nations (using bullying tactics no less) who lack natural resources and other income-generating resources from offering convenient and flexible regulatory climates to business who need it. Singapore and Hong Kong were two countries that did this for decades and look where they are now - why shouldn't Vanuatu or Seychelles be offered the same opportunity?

That's a really crafty way of saying "they did it, so I should be able to do it"

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#179

Post by buboard »

pavlov wrote: post #73
CaymanCruiser wrote: post #37

Earlier quoted context omitted.

Using a throwaway for obvious reasons. I have a fair bit of insight into this industry, both from friends, acquaintances, and family who use a variety of offshore structures to manage their wealth and from my own dealings (the company I founded and currently manage is offshored for tax and legal purposes). What people don’t realise is that aside from a couple outliers offshore jurisdictions aren’t that shady at all a…

> ...the United Kingdom being the leader here. Having lived in the UK, I'm convinced that the real reason for Brexit is to preserve these offshore tax havens from any meddling by EU regulations. It's not an accident that Brexit suddenly became crucially important to the Conservative Party only when the EU developed a new interest in unified financial regulations after all the turmoil of 2008-2011.

The EU has plenty of tax heavens and satellite states. Some exist to serve the old rich (luxembourg, monaco) and others chose that path because, unless you are already a rich country, capital in EU is sparse, which further leads to brain drain. That's how countries like ireland and cyprus manage to recover faster than others.

I can't say if the latest regulations have really made an impact. They have surely made banking in EU a lot more bureaucratic and a lot more expensive for a small business.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#180

Post by woah »

karambahh wrote: post #173
bouncycastle wrote: post #164

Earlier quoted context omitted.

> place to store anonymously your illicit cash What if I just want a place to anonymously store my legally gained cash? Unfortunately, it seems the normal people lost their privacy nowadays at the expense of the criminals and the "If you've got nothing to hide, you've got nothing to fear" argument has taken a stronghold in the financial sector.

Because the social contract of most countries is that your legally gained cash is to be taxed in one form or another and thus has to be known by the tax authorities? You can argue that your assets are to be private to the general public but some countries do not have that assumption (Norway comes to mind).

It was possible for many empires to tax effectively before modern bookkeeping. Property tax needs very little in the way of financial records to administer.
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