How the government set up a fake bank to launder drug money (2012)
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Re: How the government set up a fake bank to launder drug money (2012)
#2Re: How the government set up a fake bank to launder drug money (2012)
#3I always wonder how this is legal in the U.S.A? Creating a fake bank in another country sounds like committing fraud in another country. At worst it can be they would be charged with money laundering themselves.
What is the line of what is acceptable at entrapment in the United States? What stops any agency from creating permanent fake banks for example?
I am glad drug lords get busted. I hate them, but I think if there is no line, then we do not need any kind of law. Just declare drug traffickers as not human and exterminate them. I do not think the outcome would be good.
Re: How the government set up a fake bank to launder drug money (2012)
#4I always wonder how this is legal in the U.S.A? Creating a fake bank in another country sounds like committing fraud in another country. At worst it can be they would be charged with money laundering themselves. What is the line of what is acceptable at entrapment in the United States? What stops any agency from creating permanent fake banks for example? I am glad drug lords get busted. I hate them, but I think if th…
That’s why they were approached to do sons things but not others, I guess. I assume that means there was some kind of oversight.
Also it’s not entrapment if the criminals are soliciting them.
Re: How the government set up a fake bank to launder drug money (2012)
#5I always wonder how this is legal in the U.S.A? Creating a fake bank in another country sounds like committing fraud in another country. At worst it can be they would be charged with money laundering themselves. What is the line of what is acceptable at entrapment in the United States? What stops any agency from creating permanent fake banks for example? I am glad drug lords get busted. I hate them, but I think if th…
If the government setup their own Silk Road and busted a bunch of drug dealers it wouldn’t be any different than starting a bank. The first informant said I have drug traffickers asking for banking services. They setup what they were already seeking.
Most likely a few governments and courts in multiple countries were already OK with it by the end.
Re: How the government set up a fake bank to launder drug money (2012)
#6I always wonder how this is legal in the U.S.A? Creating a fake bank in another country sounds like committing fraud in another country. At worst it can be they would be charged with money laundering themselves. What is the line of what is acceptable at entrapment in the United States? What stops any agency from creating permanent fake banks for example? I am glad drug lords get busted. I hate them, but I think if th…
If the government setup their own Silk Road and busted a bunch of drug dealers it wouldn’t be any different than starting a bank. The first informant said I have drug traffickers asking for banking services. They setup what they were already seeking. Most likely a few governments and courts in multiple countries were already OK with it by the end.
> If the government setup their own Silk Road and busted a bunch of drug dealers it wouldn’t be any different than starting a bank.
Silk road was e-commerce. The laws & regulations of e-commerce and banking are very different, so yes they would different. Doubly so as it's in two nations. Thirdly so, because now international laws and regulations apply
Re: How the government set up a fake bank to launder drug money (2012)
#7I always wonder how this is legal in the U.S.A? Creating a fake bank in another country sounds like committing fraud in another country. At worst it can be they would be charged with money laundering themselves. What is the line of what is acceptable at entrapment in the United States? What stops any agency from creating permanent fake banks for example? I am glad drug lords get busted. I hate them, but I think if th…
Were the bank activities themselves illegal? It would only be entrapment if they were soliciting the illegal activity. It sounds like they were just soliciting banking services in a way that was attractive to illegal actors. Even if the banking services themselves were not legal, it would seem like entrapment if they used that to charge them with banking crimes.
If NYPD operated a Limousine service in hopes that criminals would discuss their crimes while being overheard by an undercover officer, it would not be entrapment.
Re: How the government set up a fake bank to launder drug money (2012)
#8Today’s version would be a crypto exchange with its own USD stable coin.
Re: How the government set up a fake bank to launder drug money (2012)
#9I always wonder how this is legal in the U.S.A? Creating a fake bank in another country sounds like committing fraud in another country. At worst it can be they would be charged with money laundering themselves. What is the line of what is acceptable at entrapment in the United States? What stops any agency from creating permanent fake banks for example? I am glad drug lords get busted. I hate them, but I think if th…
It's legal because the law doesn't explicitly forbid it, I guess? Legality is a very flexible thing. Morality is another, but not necessarily the same.
Anyway, generally speaking, law enforcement is granted things that citizens do not, e.g. visibly wearing weapons, owning and transporting narcotics, etc. But those things are obvious.
Your last bit is very totalitarian, and I would have hoped we had intellectually grown beyond that.
Re: How the government set up a fake bank to launder drug money (2012)
#10Let's see, so they didn't nab any of the big players in the operation. So effectively they helped the biggest players by making it harder for the small to mid-tier drug cartels do conduct business. Sure, way to put the squeeze on the cartels there...
A tangent to this is the way we conduct drug enforcement in the US. It's much better for police departments to wait until after the dealers make money to catch them so they can seize the cash as part of the crime. This dis-incentivises the actual prevention of the spread of illegal drugs. The entire system is corrupt and there's little to no incentive for the authority to behave in the spirit of the laws they enforce - to raise public health by eliminating the personal health and social problems that drug addition creates.