Online Currency Exchange (Based in Costa Rica) Accused of Laundering $6 Billion

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  • #204058
    davidd
    Member

    this will just make it more difficult for normal people with any kinds of funds to do business

    of course the almighty U.S. charges them as a crooked enterprise

    so we should believe this

    why??

    because they say so???

    now costa rica being the little child that it is will come up with more regulations and knee jerk reaction because they may now be on a new money laundering list.

    I tell you

    I am going to liquidate everything cash

    and invest in small middle class tico homes..

    and just rent them for $600 a month times 6 which should be enough to live comfortably.

    http://insidecostarica.com/2013/05/29/u-s-accuses-costa-rica-based-liberty-reserve-one-of-largest-money-laundering-operations-in-history-two-suspects-at-large-in-costa-rica/

    http://insidecostarica.com/2013/05/29/costa-rican-bank-allowed-liberty-reserve-to-transfer-more-than-12-million/

    #204059
    Andrew
    Keymaster

    The “authorities” MUST try to destroy the whole concept of digital money (like Bitcoin) otherwise they will lose control of their slaves (us).

    And did you read some of the reader’s comments under the New York Times article?

    [url=http://www.nytimes.com/2013/05/29/nyregion/liberty-reserve-operators-accused-of-money-laundering.html?nl=nyregion&emc=edit_ur_20130529&_r=1&]Online Currency Exchange Accused of Laundering $6 Billion[/url]

    ——————————–

    William O. Beeman Minneapolis, MN
    I’m glad these people are being prosecuted, but this is just a small-fry sideshow. [b]HSBC has been laundering drug money for the last decade in amounts far exceeding $6 billion.[/b] To make it worse, we actually have a Treasury office that is supposed to be controlling this: the Office of Terrorism and Financial Intelligence. This office under Stuart A. Levey did nothing at all to control the laundering of drug money by HSBC and other banks. Levey spent all his time trying to nose out tiny resources that belonged to Iran. When he quit Treasury, he went to work for HSBC as, of all things, their chief legal officer!

    The entire question of money laundering is a litany of corruption, and the U.S. Government, sadly, is also complicit.

    ——————————–

    Mark switzerland
    [b]Now they only have to crack down on the number one means for payments in illicit trade – the us dollar bill![/b]

    ——————————–

    Dr. Bob Goldschmidt Sarasota, FL
    [b]The major banks are laundering trillions of dollars a year of illicit drug money.[/b] Could it be that this prosecution is just a means of protecting their market share?

    Every major technological change has both negative and positive impact on society. Cyber currencies such as BitCoin could be a stepping stone to giving each worker a unique identifier and the ability to pay that worker a global minimum wage for work performed by the retail purchaser of a product. Then international companies would compete more on style and innovation rather than the lowest beggar-thy-neighbor labor rates.

    ——————————–

    kenlayisalive brooklyn
    [b]Funny, I don’t recall any arrests when HSBC laundered all that cash for Al Qaeda cannibals and the Mexican beheaders.[/b]

    I guess that’s okay, they’re “humbled” so… justice served!

    ——————————–

    Edward Philadelphia
    I don’t understand how what they did that was illegal, how you could be arrested for breaking the laws of another country that you are not a citizen and lastly, why we all don’t revolt against the “laws” against making your own currency. I would love to dole out coins backed by actual precious metals. Why can’t I do that?

    ——————————–

    RB West Palm Beach, FL
    “If Al Capone were alive today, this is how he would be hiding his money,” according to Mr. Richard Weber who heads the IRS criminal investigations. [b]This ring hollow, with all the financial impropriety by big banks which goes unpunished.[/b] Crooks are crooks and they should equally be punished.

    ————————————————

    TimAZ Arizona
    Definitely not the smartest bankers in the world. [b]You simply can not laundry money unless you donate to political campaigns.[/b] The rules are pretty clear on that one. Just ask BOA (Mexican cartel), Goldman Sacks (Nigerian), J.P. Morgan, Citi, etc.

    ————————————————

    As you can see from the article below we have MUCH MORE serious financial problems in the U.S. where more money is laundered than the rest of the world combined.

    [url=http://wakeup-world.com/2011/09/06/full-blown-civil-war-erupts-on-wall-street-financial-elite-start-turning-on-each-other/]Full-Blown Civil War Erupts On Wall Street – Financial Elite Start Turning On Each Other[/url]

    #204060
    davidd
    Member

    The whole thing is pathetic and is disgusting.

    but there is really nothing one can do

    EXCEPT and this is the big one

    pull up the pants sleeve and relocate somewhere else.

    For all the expats that took the challenge and traveled the path least taken.

    I salute you. 8)8)8)

    #204061
    VictoriaLST
    Member

    I used to work with teens who were drug dealers. Talk about money laundering….. When a 13 year old walks into a Nike store in NYC and buys $5,000 worth of clothing with cash, nobody questions it. Money laundering. Its everywhere.

    #204062
    davidd
    Member

    [quote=”VictoriaLST”]I used to work with teens who were drug dealers. Talk about money laundering….. When a 13 year old walks into a Nike store in NYC and buys $5,000 worth of clothing with cash, nobody questions it. Money laundering. Its everywhere.[/quote]

    yep

    now if your accused of whatever.. meaning if the gov wants you they will extradite you.

    whether or not the charges are actually true or false is moot.

    scary

    http://insidecostarica.com/2013/05/30/after-liberty-reserve-costa-rica-considers-reforms-to-allow-extradition-of-citizens/

    #204063
    Imxploring
    Participant

    [quote=”davidd”][quote=”VictoriaLST”]I used to work with teens who were drug dealers. Talk about money laundering….. When a 13 year old walks into a Nike store in NYC and buys $5,000 worth of clothing with cash, nobody questions it. Money laundering. Its everywhere.[/quote]

    yep

    now if your accused of whatever.. meaning if the gov wants you they will extradite you.

    whether or not the charges are actually true or false is moot.

    scary

    http://insidecostarica.com/2013/05/30/after-liberty-reserve-costa-rica-considers-reforms-to-allow-extradition-of-citizens/

    [/quote]

    Yeah…. from a country that has openly thumbed it’s nose at several high profile child abduction / Hague Convention cases in the last decade!

    Nice to be able to pick which laws and rules apply to you at will!

    #204064
    Kwhite1
    Member

    [quote=”davidd”]The whole thing is pathetic and is disgusting.

    but there is really nothing one can do

    EXCEPT and this is the big one

    pull up the pants sleeve and relocate somewhere else.

    For all the expats that took the challenge and traveled the path least taken.

    I salute you. 8)8)8)

    [/quote]

    How’s Belize looking to you now? It’s a tiny spot on a map, not surging in anything, under the radar (except when they knock down a ruin to use as road fill…whoops).

    That is what is so very appealing about it down here, you can kinda disappear.

    #204065
    davidd
    Member

    Kwhite

    How is the infrastructure in Belize with regards to internet.???

    All I ask is high speed internet

    6 to 12 meg down and at least 2 megs up

    consistent and reliable.

    and I can run my empire from anywhere.

    how the middle class there??? can one blend in middle class and have a few nice things without appearing like a rich american???

    this is also important to me.

    how is medical???

    sounds interesting

    [quote=”kwhite1″][quote=”davidd”]The whole thing is pathetic and is disgusting.

    but there is really nothing one can do

    EXCEPT and this is the big one

    pull up the pants sleeve and relocate somewhere else.

    For all the expats that took the challenge and traveled the path least taken.

    I salute you. 8)8)8)

    [/quote]

    How’s Belize looking to you now? It’s a tiny spot on a map, not surging in anything, under the radar (except when they knock down a ruin to use as road fill…whoops).

    That is what is so very appealing about it down here, you can kinda disappear.[/quote]

    #204066
    Kwhite1
    Member

    [quote=”davidd”]Kwhite

    How is the infrastructure in Belize with regards to internet.???

    All I ask is high speed internet

    6 to 12 meg down and at least 2 megs up

    consistent and reliable.

    and I can run my empire from anywhere.

    how the middle class there??? can one blend in middle class and have a few nice things without appearing like a rich american???

    this is also important to me.

    how is medical???

    sounds interesting

    [quote=”kwhite1″][quote=”davidd”]The whole thing is pathetic and is disgusting.

    but there is really nothing one can do

    EXCEPT and this is the big one

    pull up the pants sleeve and relocate somewhere else.

    For all the expats that took the challenge and traveled the path least taken.

    I salute you. 8)8)8)

    [/quote]

    How’s Belize looking to you now? It’s a tiny spot on a map, not surging in anything, under the radar (except when they knock down a ruin to use as road fill…whoops).

    That is what is so very appealing about it down here, you can kinda disappear.[/quote][/quote]

    Best bet for internet is satellite, unlimited up and down for about $150USD a month. There are a variety of plans to choose from on the speed. The internet dishes are 1.6 meters? Typically about 50% larger than a direct tv dish.

    Medical…certainly not as good as CR, but adequate. Major issues warrant you a trip to Belize City for better care and more providers.

    Ahhh, the middle class (not sure there is a middle class). Most Belizeans don’t have much, they live a simple life. But it is very easy to “blend” in. A very non judgmental society, if you have something, good for you, don’t really covet things other than enough to get by on.

    They do however, have a work ethic problem. It is a rare treat to get actual customer service, and it’s just not against the gringo, they do not discriminate, everyone gets treated with the same lazy attitude.

    If you don’t need much, it is very easy to live off the grid so any power fluctuations would not affect you. Solar systems are relativley cheap, a whole bunch less than in the US.

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