Hello Dante? What Level Is This?

All the other crazy stuff we talk about. Politics, Science, News, the Kitchen, other hobbies.
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ti-amie United States of America
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Re: Hello Dante? What Level Is This?

#136

Post by ti-amie »

Stephen Punwasi @StephenPunwasi

A VC once told me to invest in anything that can be used for *legal* money laundering.

Not to make money from the launderers, but because the launderers will hide activity in businesses, boosting the likelihood of legit businesses hopping on.

Heck of an investment thesis.

2/ It turns out the whole gig economy was a great use case.

Renting a room that goes for $100/night in a hotel for $2,000/night on a short-term rental site doesn't set off any red flags, or capital currency controls.

It also isn't subject to laundering regs

3/ Also incredible how simple the operations are.

Person A buys a house, and rents it.

Person B gets people to rent from abroad. Don't show up, just pay.

Person A uses the revenue to secure more assets, and expand operations. Brings a new meaning to ghost hotel.

4/ In total, you're looking at 14-18% in fees to launder with a legitimate business front.

Typical laundering fees are 50-80% for really illicit cash.

Big accounting firms do semi-legit for ~20%-30%.

5/ People are like, art! Galleries charge 50% on avg. It's expensive, and only useful if you think the piece will appreciate.

Advantage of art is it becomes an unofficial currency shuffled tax free as payments in freeports. Limited use.

5/ People are like, art! Galleries charge 50% on avg. It's expensive, and only useful if you think the piece will appreciate.
Stephen Punwasi
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See this building? It's one of the buildings at the Geneva Freeport. It's how a lot of the super rich dodge taxes.

... it also happens to be home to the world's greatest art collection, that will never be seen.

Image
(...)

6/ Totally unrelated, but it's all fun and games until they come for your democracy, amirite?
Image

7/ This quote is probably a lot more relevant in this thread than by itself tbh.
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Stephen Punwasi @StephenPunwasi
· Feb 18
"In itself real estate is not an obvious threat... but it becomes an excellent vehicle to gain access to local politicians and their influence and power. You own one building is one thing, you own 10 or 30 commercial buildings and your influence is considerable."
- CSIS, 1997
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In BC person B rents house & with owners knowledge & support turns the house into a grow op for 1-2 years (cash rent), then Person A extensively renovates the house paying tradespeople & suppliers in cash then sells. Not only washing the $ but profiting from real estate too.
“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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Re: Hello Dante? What Level Is This?

#137

Post by JazzNU »

Can't believe they are going after dogs now. Greg Kelly has always been the worst.


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Re: Hello Dante? What Level Is This?

#138

Post by ponchi101 »

"Unlike a presidential dog" :rofl:
And how should a presidential dog behave? Eat its Knl ration with a spoon?
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Re: Hello Dante? What Level Is This?

#139

Post by ti-amie »

ponchi101 wrote: Sat Feb 20, 2021 4:55 pm "Unlike a presidential dog" :rofl:
And how should a presidential dog behave? Eat its Knl ration with a spoon?
“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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Re: Hello Dante? What Level Is This?

#140

Post by ponchi101 »

:rofl:
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Re: Hello Dante? What Level Is This?

#141

Post by JazzNU »

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Re: Hello Dante? What Level Is This?

#142

Post by ponchi101 »

Watch him get a $10,000 bail, a five year trial, and a suspended sentence in the end.
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Re: Hello Dante? What Level Is This?

#143

Post by dryrunguy »

ponchi101 wrote: Sun Feb 21, 2021 2:15 am Watch him get a $10,000 bail, a five year trial, and a suspended sentence in the end.
For once, it would be nice if "suspended sentence" actually meant hanging...
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Re: Hello Dante? What Level Is This?

#144

Post by ti-amie »

dryrunguy wrote: Sun Feb 21, 2021 5:23 pm
ponchi101 wrote: Sun Feb 21, 2021 2:15 am Watch him get a $10,000 bail, a five year trial, and a suspended sentence in the end.
For once, it would be nice if "suspended sentence" actually meant hanging...
Normally I wouldn't cheer a post like this but when it comes to this guy, who is as dirty as his sister is dumb, I ask forgiveness and agree 100%.
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Re: Hello Dante? What Level Is This?

#145

Post by ti-amie »

“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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Re: Hello Dante? What Level Is This?

#146

Post by JazzNU »

Not a joke. This is a big hit at CPAC. People claiming deep Christian beliefs worshipping a false idol.


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Re: Hello Dante? What Level Is This?

#147

Post by ponchi101 »

As much as I love that album, the sole background music for that clip is The Wall's "Waiting for the worms".
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Re: Hello Dante? What Level Is This?

#148

Post by ti-amie »

“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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ti-amie United States of America
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Re: Hello Dante? What Level Is This?

#149

Post by ti-amie »



“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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ti-amie United States of America
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Re: Hello Dante? What Level Is This?

#150

Post by ti-amie »

“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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