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The $600 M chippie - How DID he do it?

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Ok so the golden unicorn doesn't exist. No surprises there.

Next questions

1) How could a court believe/accept the idea that this guy had a $596m account with a bank ?
2) Why wasn't it possible to contact the bank and simply ask them if they had a client with a $596m account? there is no breach of individual privacy here. The person has stated he has this account in a court. This is just a confirmation of that statement .
3) The role of the media in swallowing the story as useful click bait and declining to check out the basic facts.

The real story will be interesting. Just not quite as fanciful.
 
Smurf1976 said:
I've never really thought about this in the past, but I'm thinking that if an individual were to deposit $600 million with any Australian bank then surely that would trigger a few things and the bank itself would be asking a few questions?
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It was a lot smaller amount than that, but it did trigger a phone call and a question. The question was, "where would you like us to take you to lunch?"
 
waimate01 said:
It was a lot smaller amount than that, but it did trigger a phone call and a question. The question was, "where would you like us to take you to lunch?"
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Yeh, banks would bend over backwards to win that sort of deposit. Would be a lot more than just lunch.

"Would Sir be interested in an investment conference we are holding in Zurich? Of course we would pay first class air fares, limosine transport to and from airport and 6 star accomodation".
 
Perhaps a good career move would be to become the Malaysian Prime Minister :rolleyes:

Malaysian prime minister had $700m of 'donations' in bank account – watchdog - 4 August 2015

http://www.theguardian.com/world/2015/aug/04/malaysia-corruption-watchdog-najib-razak-donations-1mdb

Beleaguered Malaysian prime minister Najib Razak has effectively been cleared by the country’s anti-corruption body, following a financial controversy that has shaken the legitimacy of his government.

The Malaysian anti-corruption commission (MACC) announced that $US700m in accounts held by the prime minister had come from donors – not, as has been alleged, from the debt-laden state development fund, 1Malaysia Development Berhad (1MDB)...
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The biggest problems with the whole story is that anyone with that sort of money.....

1 - would not actually handle any of the product, ever
2 - would not be a user of a white trash drug like ice
3 - Drugs for sure, but it'd be a big bag of coke and there'd be hookers everywhere

:2twocents
 
Monkey C Doo said:
The biggest problems with the whole story is that anyone with that sort of money.....

1 - would not actually handle any of the product, ever
2 - would not be a user of a white trash drug like ice
3 - Drugs for sure, but it'd be a big bag of coke and there'd be hookers everywhere

:2twocents
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If people have gotten away with something for a long time they think they are untouchable.
 
First I was going to say that any claim of $600 mill from drugs and banking it in the Commonwealth would be a bs story. No one that got to that level of wealth would be that stupid. A guy round the corner from me had $15 million stashed in his roof and was busted before he could launder it.
Generally guys that reach a certain level branch off into business first.
Restaurants.
2nd hand goods.
Fruit markets.
Pubs/clubs.
Anything you can mark up and invent customers in.
The ato is over everything though and generally pick things up.
Shifting it overseas, or getting overseas loans (that you don't have to payback).
That's what the coppers use to tell me anyway.
 
So another question is, if there are apps that allow you to inflate your bank accounts, isn't that fraud ?
 
SirRumpole said:
So another question is, if there are apps that allow you to inflate your bank accounts, isn't that fraud ?
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Fair go, are you saying my "Bank Bluffer-Fake Bank" App is going to get me in trouble? Makes me feel good and the small print says "**This app is intended for entertainment purposes only and does not provide true banking functionality**":rolleyes:

What next, "Monopoly" money will be banned.

https://play.google.com/store/apps/details?id=com.activitylabs.bankbluffer&hl=en
 
Macquack said:
Fair go, are you saying my "Bank Bluffer-Fake Bank" App is going to get me in trouble? Makes me feel good and the small print says "**This app is intended for entertainment purposes only and does not provide true banking functionality**":rolleyes:

What next, "Monopoly" money will be banned.

https://play.google.com/store/apps/details?id=com.activitylabs.bankbluffer&hl=en
Click to expand...

Yep, I'm sure your girlfriends are impressed, but I wouldn't want a horde of bludgers descending on me for free beers or charitable donations.

;)

How small is the small print ?
 
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