31–40 of 331 posts
I'm surprised Canadian coins are magnetic, though my two minute research says the loonie isn't? Apparently it was redesigned around 2000, maybe it switched then.
There is a sizeable community doing so called "magnet fishing". Check out r/magnetfishing
Interesting. A litte after that time, aged 13-14, I was interested in coin pusher machines[0], which (despite being gambling) were not age restricted where I lived. Obviously I wanted a way to do better than the system allowed and wanted to know if I could use magnets to pull the coins towards me[1]; some research showed that some "coppers"[2] were magnetic and others weren't, and that it seemed to depend on the date…
In other words, you wanted to cheat. I can't comment on whether that's fraud in a legal sense, it's still cheating.
Interesting. A litte after that time, aged 13-14, I was interested in coin pusher machines[0], which (despite being gambling) were not age restricted where I lived. Obviously I wanted a way to do better than the system allowed and wanted to know if I could use magnets to pull the coins towards me[1]; some research showed that some "coppers"[2] were magnetic and others weren't, and that it seemed to depend on the date…
Passing it off as proceeds from a vending machine business was smart, I wonder if he actually had a fleet of vending machines to make that plausible. Of course you’d need to be able to show receipts for cost of goods sold… money laundering is hard!
Earlier quoted context omitted.
There is a sizeable community doing so called "magnet fishing". Check out r/magnetfishing
Coins don't seem to be their target, as very few seem to be magnetic.
Earlier quoted context omitted.
It would also mean that with him stealing $2.4M, their total proceeds over 13 years were $12M which is less than $1M a year to run their whole LRT.
Something doesn't add up. At his 38k CAD salary as a repairman, the entire budget of the LRT would pay for just 26 repairmen? What about the drivers, electricity, maintaining old and buying new trains?
Also, with 68 fare machines in the city in 1978, how many repairmen do you really need?
A quick Google didn't return any books on this, unfortunately. What stood out for me was that the Canadian tax authorities didn't get to him. Maybe he payed tax on his earnings; the article doesn't clarify.
I mean, the theft itself is obviously unlawful. But perhaps you wouldn't be taxed on theft proceeds anyway, so no tax laws are broken in that case.
[flagged]
” You can spot these assholes by watching the way they bet. Like this guy. He's bettin' lavender chips at five hundred each with only one little problem. He's always guessed right. If he wasn't so fuckin' greedy, he'd have been tougher to spot. But in the end, they're all greedy.”
If that was their 1981 salary, that’s damn impressive.