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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

#241

Post by phatfish »

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?

Sure OK, but I want my "moral right" to a social democracy of the Nordic style. How come the Swedes and Norwegians can have a functioning socially responsible government but the UK gets a bunch of incompetent capitalists?

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

#242

Post by buboard »

iudqnolq wrote: post #23
m0zg wrote: post #9

Earlier quoted context omitted.

I'm sure the journalists would easily manage to make Panama very interesting if their owners didn't tell them to knock it off. Same as with Epstein. Scandal of the century, not discussed at all within 2 weeks, no follow up or investigative journalism of any kind.

I found former prosecutor and current defense attorney Ken White's perspective on Epstein's death very interesting. Many of the arguments for a conspiracy are based in a misunderstanding of how awfully our justice system treats people all the time. Being on suicide watch and not being helped is normal . > Ken "Popehat" White (previously) has expanded on his excellent Twitter thread about Jeffrey Epstein's suicide in…

parent is talking about publicity though. The case is so high profile and mysterious it's worthy of at least one hollywood drama.

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

#243

Post by chiefalchemist »

gxqoz wrote: post #50
jokoon wrote: post #21

After watching The laundromat, I think it's big news. Although I will always be curious why countries are letting those small, insignificant islands and countries manage all this wealth, and why they're trusted to do it. This can't be secure or safe. I'm curious about the diplomacy and the political implications of this. What if their office get robbed? What if the island gets attacked? What if one of those shady ban…

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.…

> This loophole was unintentional,

Yet it's a known. And it remains in place.

Let's stop being so naive.

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

#244

Post by bouncycastle »

wolco wrote: post #218
bouncycastle wrote: post #203

Earlier quoted context omitted.

So everyone is assumed to be a criminal until proven otherwise?

If you've gone to a movie they don't let everyone in and assume they had a ticket. Doesn't mean they think of you as a criminal.

I mostly have in mind the KYC strip-tease one must go through nowadays do open an account or purchase anything over $1000. There's no privacy these days.

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

#245

Post by 1000units »

iudqnolq wrote: post #236
anigbrowl wrote: post #227

Earlier quoted context omitted.

Those are legitimate observations, but so is CamperBob's. I have first hand experience of how bad the carceral system can be, but the fact of that awfulness doesn't mitigate the oddness of a very high profile prisoner just falling through the cracks. The whole thesis here is that what happened to Epstein could happen to anyone, but that's not true. Most people are not billionaires with 24-7 access to the best lawyers…

Epstein had a lot of advantages, but they weren't enough to buy him a luxurious prison experience. He paid off other prisoners and exploited loopholes, but was still in a spartan cell. The luxurious pay-for-play prisons in the news occasionally are generally municipal prisons; Eppstein was in federal pretrial detention which is much harder to game. When he died Epstein was in a cell in the Special Housing Unit for un…

This is totally nonresponsive.

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

#246

Post by _8j50 »

zilian wrote: post #139
_8j50 wrote: post #125

Earlier quoted context omitted.

Really? I thought governments had a lot more, like trillions more. I thought the quality of life for humanity has never been better than now? Do you mean climate change? If so how does rich people's greed fit in the picture. I don't think they should hoard cash, there should be a limit on that but net worth usually includea stock value, wealth in form of stocks is far from hoarding. I think cash wealth limits and a l…

You must be rich to talk like that. Rich people generally emit a f#ckton of co2 and worse, they do not use their wealth to try to mitigate it, thereby condemning their own children.

Not rich, not poor.

You're generalizing and stereotyping. If what you say is true then it seems your law makers are failing to implement laws that curtail CO2 emissions by rich people?

People can do anything legal with their money, if it shouldn't be allowed why is it legal? It seems you're taking a morao high ground against the rich, which is fine so long as you realize rich people are not above the law and even if they control civilian governments they don't control the military (at least not at non-admin levels) so democratic societies still have a lot of power. You also have to consider how just india and china generate emissions that eclipse the US but most billionaires are in the US. So it might feel nice to blame the rich and please don't let me get in the way but I don't see how fixing wealth inequality even makes a small dent on climate change. Mind you, publicly traded corps benefit the rich but their policy making is entirely designed to benefit shareholders as a whole.

I don't care who is to blame,show me solutions not a person to blame.

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

#247

Post by Scoundreller »

ta999999171 wrote: post #232
Aeolun wrote: post #198

Earlier quoted context omitted.

Once the cash is in the bank it becomes really hard to verify. It’s not like a ‘tax paid’ marker is added to every dollar in your account.

Nor could it, with the millions of rounds of taxes an average paper dollars will see.

> Nor could it, with the millions of rounds of taxes an average paper dollars will see.

Somebody said a computer can't do something, somebody prove them wrong!

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

#248

Post by windexh8er »

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.

If you read the article South Dakota is a great choice. It's a fantastic read on the history of how these states to harbor cash came to be. This part of the article sums it up in a very compelling manner:

"Here is an example from one academic paper on South Dakotan trusts: after 200 years, $1m placed in trust and growing tax-free at an annual rate of 6% will have become $136bn. After 300 years, it will have grown to $50.4tn. That is more than twice the current size of the US economy, and this trust will last for ever, assuming that society doesn’t collapse altogether under the weight of this ever-swelling leach."

So, yes - if you want to anonymously store your legally gained cash you have options stateside.

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

#249

Post by bouncycastle »

barrkel wrote: post #235
bouncycastle wrote: post #183

Earlier quoted context omitted.

By "legally gained cash" I mean that taxes have already been paid for it.

Money is a claim on future production, and you don't get to transfer that claim over other people's work without caveats, whether it's inheritance tax, limits on gifts, or wealth taxes.

Of course. I'm not talking about avoiding taxes, or skirting other laws. The issue here is simple privacy for the common law abiding people.

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

#250

Post by girvo »

corodra wrote: post #127
jokoon wrote: post #21

After watching The laundromat, I think it's big news. Although I will always be curious why countries are letting those small, insignificant islands and countries manage all this wealth, and why they're trusted to do it. This can't be secure or safe. I'm curious about the diplomacy and the political implications of this. What if their office get robbed? What if the island gets attacked? What if one of those shady ban…

>What if their office get robbed? What if the island gets attacked? Switzerland, WW2. There is safety in holding EVERYONE's money. Because the moment you try it, you enrage many, many, many people who have things that go boom. You can fuck with someone's politics, their car or even their wife. But once you fuck with someone's money, it's a whole new ball game. > I don't understand how this is even legal at all Bank f…

Related: https://www.google.com.au/amp/s/qz.com/663152/a-10-million-n...

Yep, even nuts get stolen!

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