The $10 million dollar story

[jono1887]

Well it was $10M NZ, so its only ~$8M Aust. Well if it was me, I'd go to as many branches as possible in a single day, and make 10k withdrawals. Probably could take out 150k in a day. Now to go gold dealers and buy 3KG of gold (approx $100k) hide it somewhere, and fly of to the Cayman Islands to open an account. Transfer the rest of the money there there. Then fly to other countries such as Switzerland, Singapore, and a few other European countries opening bank accounts and safety deposit boxes - withdrawaling and storing several 100K in each one.

fly past Antwerp and get half a mill worth of diamonds place them in more safety dep boxes in other banks in monaco, and other E European countries. Then fly back home... (oh yeh, after transfering the initial amount to the Cayman Islands, call up the bank and report some strange transactions that have gone through your account and say your account has been compromised

Good Luck to the Bank in trying to recover the funds!! If the courts make me, ill file for bankruptcy, what are they gonna do now ::

 

[nulla nulla]

What would the banks do, nothing. From the resultant publicity you would become a public identity. Eventualy some unscrupulous characters would visit you and your family and dicuss with you the long term benifits you would enjoy from sharing your new found ill gotten wealth.

Benifits like:
1. Not experiencing the dizzying pleasure of having a blow torch applied to your belly;
2. Not having your toes and fingers surgicaly removed with a set of bolt cutters; and
3. Being allowed to live.

All in all letting the banks have the greater part of the funds back has a lot going for it. Quietly making some use of it before they realise their error would the way to go.

 

[BradK]

$10mil... its a pinch of **** compared to over draft charges the banks are clawing... RUN I say, RUN!

I know I would!!! And that IS THE MOST HONEST thing to do

Brad

 

[Garpal Gumnut]

OK.

From what I'm hearing everyone is as honest as me.

They would take it and run.

How do you do it?

Lets set up a scenario.

I log into say a CommBank account online, a cheque account , and there is an extra $10mil there with an entry of Commbank as the depositor. Plus say my own $12000 I keep there for cigar money.

Whats the very next step.

Lets take it slowly, after all it is $10 mil

gg

 

[Sir Osisofliver]

OK.

From what I'm hearing everyone is as honest as me.

They would take it and run.

How do you do it?

Lets set up a scenario.

I log into say a CommBank account online, a cheque account , and there is an extra $10mil there with an entry of Commbank as the depositor. Plus say my own $12000 I keep there for cigar money.

Whats the very next step.

Lets take it slowly, after all it is $10 mil

gg

GG are you wondering what to do when you've had a successful bank job? I know it's just material for a book right

The trick of course is getting it out of the bank account and into a) goods or b) cash. Whatever you decide to do, needs to be done quickly before the bank find their mistake, so your plan to get the money out would need to occur before the bank batch or clearing house run picks up the large volume of your transactions. Figure 24 hours tops.

Your first action would be to visit several different branches of the bank and request bank cheques payable to the bearer in lot's less than $25K. You could get away with some reasonable sized withdrawals in that way. Ideally Bonny would visit one set of branches whilst Clyde visits another set of branches. You'd give this until midday on the first day and then you would start using your card to withdraw money from your account.

You'd need to withdraw funds in less than 10,000 dollar lots, and also make the size of your withdrawals non consistent, eg 8250 then 9020 then 7640 and so on.

You should withdraw these funds from ATM's that do not belong to the bank, and then visit the branches of other banks and convert the bank cheques to cash. (If you have someone you can trust implicitly they can of course convert these bank cheques into cash for you) - remember to give them a nice cut.

You'd also want to start accumulating goods that can be easily converted into funds at a later date, before 4 pm on the first day (the time of the bank batch run) you should still be able to do this without getting caught, so purchase lots of gold and jewelry items, things that can be easily carried and hidden, remember to spread your purchases out. Bonny can do this whilst Clyde makes the most important purchase of all.

At 2.30 Clyde should wander down to the marina and find an ocean going vessel. Money is no option here and there will be something for sale - This being your only sizable purchase and before the bank batch run, you can ring up your branch and ask them to do an RTGS (real time transfer of funds) for the boat, meaning that you can have the money transferred in less than two hours. - That's your last contact directly with the bank.

Your new boat gives you several advantages....

1) It has a storage hold, any large quanities of cash/gold/ etc can be easily stored.

2) Your new home and getaway vehicle is mobile, so you are hard to find (once you've disguised the vessel and can even go into International waters where certain pesky things like extradition treaties do not apply).

3) There are several small island countries with lax banking regulations.

Load the vessel up with food and you are gone by 10 pm that night with a nice headstart and on your way to Figi or Jamaica.

Once you've converted your 10 mil NZ into $691,859,811 Jamaican dollars, you can then more easily launder the currency each time you visit an island nation. Of course you would have to assume that after a while Interpol would have the note numbers on your original New Zealand Dollars and be tracking you, so ideally you'd want to arrive in the morning, have breakfast, convert $100k or so at several banks, purchase more jewelry and visit the casino and leave on the afternoon tide.

Do this for a month, and find a nice isolated corner of the world where you can fake your death and burn your boat to the waterline and convert a piece of jewelry for the local currency whenevr you run out of money.

Hows that Garpal?

Cheers

Sir O

 

[jono1887]

What would the banks do, nothing. From the resultant publicity you would become a public identity. Eventualy some unscrupulous characters would visit you and your family and dicuss with you the long term benifits you would enjoy from sharing your new found ill gotten wealth.

Benifits like:
1. Not experiencing the dizzying pleasure of having a blow torch applied to your belly;
2. Not having your toes and fingers surgicaly removed with a set of bolt cutters; and
3. Being allowed to live.

All in all letting the banks have the greater part of the funds back has a lot going for it. Quietly making some use of it before they realise their error would the way to go.

I doubt that criminals would be chasing me up over a mere 10M, which would've withered down to 9M after travelling around the world hiding it. Also, it would be too hard to retrieve it all if they're hidden in 2-300k lots in safety dep boxes all around the world...

but i did find a problem with going to branches and withdrawaling the money... theres security cameras identifying you as the person who took the funds. I think the best thing to do would just be to buy some shares, or have an series of international bank accounts ready if it ever happens to you so can just transfer the funds to internat accounts.

 

[Largesse]

I doubt that criminals would be chasing me up over a mere 10M, which would've withered down to 9M after travelling around the world hiding it. Also, it would be too hard to retrieve it all if they're hidden in 2-300k lots in safety dep boxes all around the world...

but i did find a problem with going to branches and withdrawaling the money... theres security cameras identifying you as the person who took the funds. I think the best thing to do would just be to buy some shares, or have an series of international bank accounts ready if it ever happens to you so can just transfer the funds to internat accounts.

i'm pretty sure the last thing you want to be doing is transferring it via wire.
pretty easy to trace and retrieve.

you want to be converting that 10M into hard currency and goods (as Sir O stated) as fast as possible.

you want to get it out of the 'system' and then you get yourself out of the system

 

[Garpal Gumnut]

GG are you wondering what to do when you've had a successful bank job? I know it's just material for a book right

The trick of course is getting it out of the bank account and into a) goods or b) cash. Whatever you decide to do, needs to be done quickly before the bank find their mistake, so your plan to get the money out would need to occur before the bank batch or clearing house run picks up the large volume of your transactions. Figure 24 hours tops.

Your first action would be to visit several different branches of the bank and request bank cheques payable to the bearer in lot's less than $25K. You could get away with some reasonable sized withdrawals in that way. Ideally Bonny would visit one set of branches whilst Clyde visits another set of branches. You'd give this until midday on the first day and then you would start using your card to withdraw money from your account.

You'd need to withdraw funds in less than 10,000 dollar lots, and also make the size of your withdrawals non consistent, eg 8250 then 9020 then 7640 and so on.

You should withdraw these funds from ATM's that do not belong to the bank, and then visit the branches of other banks and convert the bank cheques to cash. (If you have someone you can trust implicitly they can of course convert these bank cheques into cash for you) - remember to give them a nice cut.

You'd also want to start accumulating goods that can be easily converted into funds at a later date, before 4 pm on the first day (the time of the bank batch run) you should still be able to do this without getting caught, so purchase lots of gold and jewelry items, things that can be easily carried and hidden, remember to spread your purchases out. Bonny can do this whilst Clyde makes the most important purchase of all.

At 2.30 Clyde should wander down to the marina and find an ocean going vessel. Money is no option here and there will be something for sale - This being your only sizable purchase and before the bank batch run, you can ring up your branch and ask them to do an RTGS (real time transfer of funds) for the boat, meaning that you can have the money transferred in less than two hours. - That's your last contact directly with the bank.

Your new boat gives you several advantages....

1) It has a storage hold, any large quanities of cash/gold/ etc can be easily stored.

2) Your new home and getaway vehicle is mobile, so you are hard to find (once you've disguised the vessel and can even go into International waters where certain pesky things like extradition treaties do not apply).

3) There are several small island countries with lax banking regulations.

Load the vessel up with food and you are gone by 10 pm that night with a nice headstart and on your way to Figi or Jamaica.

Once you've converted your 10 mil NZ into $691,859,811 Jamaican dollars, you can then more easily launder the currency each time you visit an island nation. Of course you would have to assume that after a while Interpol would have the note numbers on your original New Zealand Dollars and be tracking you, so ideally you'd want to arrive in the morning, have breakfast, convert $100k or so at several banks, purchase more jewelry and visit the casino and leave on the afternoon tide.

Do this for a month, and find a nice isolated corner of the world where you can fake your death and burn your boat to the waterline and convert a piece of jewelry for the local currency whenevr you run out of money.

Hows that Garpal?

Cheers

Sir O

Thanks Sir O,

A few questions.

Can you write bank cheques for $25000 , an unlimited number and have them cashed on the same day, without attention being drawn.

Involving other people is difficult.

They may be dishonest !! or worse still have a conscience and decide to dob themselves in to get to heaven or some other godbothering place.

On your plan, given the best transport and the dumbest tellers you'd be hard put to have more than $250,000 by 4pm.

Also Mrs Gumnut gets seasick! and I find boaties are like people who play about with horses, difficult to deal with when it comes to money, and keep their mouths shut.

So lets go back to the beginning.

You're looking at your account.

There is $10mil plus your cigar money of $12000 there.

Lets think about it some more.

gg

gg

 

[jono1887]

i'm pretty sure the last thing you want to be doing is transferring it via wire.
pretty easy to trace and retrieve.

you want to be converting that 10M into hard currency and goods (as Sir O stated) as fast as possible.

you want to get it out of the 'system' and then you get yourself out of the system

Is it really worth disappearing for only 10M? its not really that much. If it was 1bn, then it would be worth considering faking your death, disappearing ect ect... that shouldnt be too hard - take out all your teeth, and drain out your blood once a fortnight until you have enough then plant a murder scene with a corpse stolen from a morgue, pour your blood everywhere and replace the teeth before burning the place...

 

[Garpal Gumnut]

Is it really worth disappearing for only 10M? its not really that much. If it was 1bn, then it would be worth considering faking your death, disappearing ect ect... that shouldnt be too hard - take out all your teeth, and drain out your blood once a fortnight until you have enough then plant a murder scene with a corpse stolen from a morgue, pour your blood everywhere and replace the teeth before burning the place...

Thats a reasonable comment, plus the bank would take whatever you couldn't liquidate that you had, real estate, cars, child support payments, debts, mother in law, brothers in law, debtors, creditors, accountants fees.... hmmmmmmm.

This problem Dr.Watson is not as it appears on the surface, as Holmes would say.

gg

 

[jono1887]

Thats a reasonable comment, plus the bank would take whatever you couldn't liquidate that you had, real estate, cars, child support payments, debts, mother in law, brothers in law, debtors, creditors, accountants fees.... hmmmmmmm.

This problem Dr.Watson is not as it appears on the surface, as Holmes would say.

gg

Would the bank have the right to do so? For example, what if my home and vehicles were under loan from another bank... ovbiously the bank that made the mistake would have NO to right to those assets, and if it were with the same bank, they wouldnt be recovering the money anyway because i would be defaulting on those loans considering I have just disappeared
So in reality, what can the bank take of me?? absolutely nothing :

 

[Glen48]

Ring Mammy for investment advice:
or end up like these bloke.
In 1923, Who Was:

1. President of the largest steel company?
2. President of the largest gas company?
3. President of the New York stock Exchange?
4. Greatest wheat speculator?
5. President of the Bank of International Settlement?
6. Great Bear of Wall Street?

These men were considered some of the worlds most successful of their days.

Now, 80 years later, the history book asks us if we know what ultimately became of them.

The Answers:
1. The president of the largest steel company. Charles Schwab, died a pauper.

2. The president of the largest gas company, Edward Hopson, went insane.

3. The president of the NYSE, Richard Whitney, was released from prison to die at home.

4. The greatest wheat speculator, Arthur Cooger, died abroad, penniless.

5.. The president of the Bank of International Settlement, shot himself.

6 The Great Bear of Wall Street, Cosabee Livermore, also committed suicide However, in that same year, 1923, the PGA Champion and the winner of the most important golf tournament, the US Open,
was Gene Sarazen. What became of him?

He played golf until he was 92, died in 1999 at the age of 95.
He was financially secure at the time of his death.

The Moral:

Screw work..
Play golf.

 

[Soft Dough]

Lets think about it some more.

gg

gg

I can't answer this question about how to get away with this kind of stuff.

But perhaps a private message to Cerebrus might yield some suggestions.

 

[jono1887]

I can't answer this question about how to get away with this kind of stuff.

But perhaps a private message to Cerebrus might yield some suggestions.

Cerebrus?

 

[Sir Osisofliver]

Thanks Sir O,

A few questions.

Can you write bank cheques for $25000 , an unlimited number and have them cashed on the same day, without attention being drawn.

You'd have to spread that across your bank branches but sure, keeping the figure low means that you are less likely to be caught out.

Involving other people is difficult.

I agree, but time is money

They may be dishonest !! or worse still have a conscience and decide to dob themselves in to get to heaven or some other godbothering place.

not if they ever want to see their fluffy little kitten again.

On your plan, given the best transport and the dumbest tellers you'd be hard put to have more than $250,000 by 4pm.

Are you kidding? Ask Mrs Gumnut whether she could buy more than $250,000 worth of jewelry in eight hours and get back to me on that. Mrs Liver would be buying $15k tennis bracelets by the dozen before you could say spending spree. The cash withdrawals are just the cream, the real wealth will be in the goods purchased.

Also Mrs Gumnut gets seasick! and I find boaties are like people who play about with horses, difficult to deal with when it comes to money, and keep their mouths shut.

Suck it up Mrs Gumnut, it's only for a month until you fake your death. Enough money will buy you enough silence - or alternatively they'll never see their fluffy kitten again if they don't keep their mouth shut might work.

So lets go back to the beginning.

You're looking at your account.

There is $10mil plus your cigar money of $12000 there.

Lets think about it some more.

gg

gg

Well another idea in addition to the ones above might be to fly it out of the country - but chartering an aircraft is tricky, so you might want to have a back-up plan if it goes pear shaped. Mrs Gumnut would be willing to skydive for a couple of million wouldn't she?

cheers

Sir O

 

[Kez180]

Love the making off with a Yacht idea... Especially at the moment... get a beneteau they are everywhere! And cheap....

Lol at skydiving with $10 Million worth of cheques/chattels attached to you....

Sir O... you seem to have put quite a bit of thought into this... I suppose you have about $10 Million in funds under management

 

[Garpal Gumnut]

You'd have to spread that across your bank branches but sure, keeping the figure low means that you are less likely to be caught out. I agree, but time is money not if they ever want to see their fluffy little kitten again. Are you kidding? Ask Mrs Gumnut whether she could buy more than $250,000 worth of jewelry in eight hours and get back to me on that. Mrs Liver would be buying $15k tennis bracelets by the dozen before you could say spending spree. The cash withdrawals are just the cream, the real wealth will be in the goods purchased. Suck it up Mrs Gumnut, it's only for a month until you fake your death. Enough money will buy you enough silence - or alternatively they'll never see their fluffy kitten again if they don't keep their mouth shut might work.



Well another idea in addition to the ones above might be to fly it out of the country - but chartering an aircraft is tricky, so you might want to have a back-up plan if it goes pear shaped. Mrs Gumnut would be willing to skydive for a couple of million wouldn't she?

cheers

Sir O

Unfortunately Mrs G has high morals and is totally and disgustingly honest, so I would have to do everything myself, although, as we have some dough left after the recent "dip" in the world financial markets she probably wouldn't notice an oseas trip at short notice.

I still can only see one running around like a bluearsed fly all day, on the first day, with only less than a mill to show for it.

I could get a job at ?Macquarie if I wanted to do that!

gg

Love the making off with a Yacht idea... Especially at the moment... get a beneteau they are everywhere! And cheap....

Lol at skydiving with $10 Million worth of cheques/chattels attached to you....

Sir O... you seem to have put quite a bit of thought into this... I suppose you have about $10 Million in funds under management

A yacht is low, but I am told surprisingly slippery once out of the 200 mile exclusion zone, I suppose I could get Mrs G some Amoxol or whatever its called for the seasickness.

Sir O, is loaded mate, ask him for a loan.

gg

 

[Garpal Gumnut]

One of them has been nabbed.

The other 2 whereabouts are known.

Read how NOT to do it.

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10574454

gg

 

[skyQuake]

Ring Mammy for investment advice:
or end up like these bloke.
In 1923, Who Was:

1. President of the largest steel company?
2. President of the largest gas company?
3. President of the New York stock Exchange?
4. Greatest wheat speculator?
5. President of the Bank of International Settlement?
6. Great Bear of Wall Street?

These men were considered some of the worlds most successful of their days.

Now, 80 years later, the history book asks us if we know what ultimately became of them.

The Answers:
1. The president of the largest steel company. Charles Schwab, died a pauper.

2. The president of the largest gas company, Edward Hopson, went insane.

3. The president of the NYSE, Richard Whitney, was released from prison to die at home.

4. The greatest wheat speculator, Arthur Cooger, died abroad, penniless.

5.. The president of the Bank of International Settlement, shot himself.

6 The Great Bear of Wall Street, Cosabee Livermore, also committed suicide However, in that same year, 1923, the PGA Champion and the winner of the most important golf tournament, the US Open,
was Gene Sarazen. What became of him?

He played golf until he was 92, died in 1999 at the age of 95.
He was financially secure at the time of his death.

The Moral:

Screw work..
Play golf.

..and to run off with the idea,

Who was the richest man in Vienna during Mozart's time?
And who had the biggest house in Arles when Van Gough painted the Sunflowers?
Wealth for it's own sake is rarely remembered, which is why after years of devoting their lives to collecting it, rich men give it away.

(cant remember source but it certainly left an impression).

 

[Struzball]

I'm not sure if it would work, and it depends on a few things. But I would just put the $10million in a 4%pa savings account and earn $1000 per day.

Westpac would eventually try and reverse the transaction and they would probably take a few days to figure out what's happening, in which case I would have made myself a few thousand dollars.

I think they would have to pay me the interest, because for all they know I could have just put $10mill of my own money in my savings account at that time.