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Roland99
Roland99's Journal
Roland99's Journal
September 28, 2020
unrolled:
https://threadreaderapp.com/thread/1310571610764652544.html
THREAD: Money laundering is simple and not, necessarily, a sophisticated crime.
https://twitter.com/adamdavidson/status/1310571610764652544Adam Davidson @adamdavidson
Money laundering is simple and not, necessarily, a sophisticated crime.
It is, at base, story telling. Someone has a ton of dough they can't spend without raising questions. It's from drug money or corruption or whatever.
1/
Money laundering is simple and not, necessarily, a sophisticated crime.
It is, at base, story telling. Someone has a ton of dough they can't spend without raising questions. It's from drug money or corruption or whatever.
1/
unrolled:
https://threadreaderapp.com/thread/1310571610764652544.html
Money laundering is simple and not, necessarily, a sophisticated crime.
It is, at base, story telling. Someone has a ton of dough they can't spend without raising questions. It's from drug money or corruption or whatever.
1/
Ozark and Breaking Bad explain all this well.
The person with the money arranges with someone to set up a sham business that can appear legitimate.
Typically, the business should be one that has imprecise value.
2/
Real estate, fine wine, art, etc, are great. You can justify whatever values you want.
New real estate development is especially good: tons of money flowing all over the world--for materials, designers, etc.
3/
The front business, itself, doesn't need to make money. In fact, one typically loses 20% or so in the laundering process.
In some cases, it's better if it loses money. A huge bet on a new, unproven development has unclear value.
4/
While an established, stable, profitable business has clear value.
So, a money launderer would love a famous brand, willing to make enormous claims about future growth to justify senseless spending.
5/
The truly rich oligarchs do all this through major banks, law firms, proper real estate companies. (Which is a big problem).
The bottom-of-the-barrel oligarchs are too obvious for those folks. They need a desperate, broke brand that will do their bidding.
6/
The way it would work is:
Oligarch transfers money to an account held by an LLC. That money flows through several LLCs and is then used to purchase a property.
There is a hidden contract laying out who really owns the thing and public docs claiming Trump does.
7/
I saw this in the Baku deal: a public signatory and a side-letter explaining that the public signatory was not the true owner.
The money flow could operate on different time lines and scales.
A huge amount could be simply held, in property, for decades.
8/
But there would be many ways to move funds all year round. The restaurants and bars could move cash. The big redevelopment projects could move far more.
Look at the deals Manafort had with his tailor and house builder. They were crude and simple but, apparently, effective.
9/
For 15 years, the Trump Org has claimed its Scottish properties will be worth billions--they have built and moved and rebuilt several courses, ball rooms, sleeping areas, etc.
A massive outlay of funds for business that have never ever made a dollar.
10/
Or a pound.
This was designed for minimal scrutiny. Which makes sense--nobody cared what Trump was doing in Scotland in 2011.
It requires subpoena power to prove.
11/end
It is, at base, story telling. Someone has a ton of dough they can't spend without raising questions. It's from drug money or corruption or whatever.
1/
Ozark and Breaking Bad explain all this well.
The person with the money arranges with someone to set up a sham business that can appear legitimate.
Typically, the business should be one that has imprecise value.
2/
Real estate, fine wine, art, etc, are great. You can justify whatever values you want.
New real estate development is especially good: tons of money flowing all over the world--for materials, designers, etc.
3/
The front business, itself, doesn't need to make money. In fact, one typically loses 20% or so in the laundering process.
In some cases, it's better if it loses money. A huge bet on a new, unproven development has unclear value.
4/
While an established, stable, profitable business has clear value.
So, a money launderer would love a famous brand, willing to make enormous claims about future growth to justify senseless spending.
5/
The truly rich oligarchs do all this through major banks, law firms, proper real estate companies. (Which is a big problem).
The bottom-of-the-barrel oligarchs are too obvious for those folks. They need a desperate, broke brand that will do their bidding.
6/
The way it would work is:
Oligarch transfers money to an account held by an LLC. That money flows through several LLCs and is then used to purchase a property.
There is a hidden contract laying out who really owns the thing and public docs claiming Trump does.
7/
I saw this in the Baku deal: a public signatory and a side-letter explaining that the public signatory was not the true owner.
The money flow could operate on different time lines and scales.
A huge amount could be simply held, in property, for decades.
8/
But there would be many ways to move funds all year round. The restaurants and bars could move cash. The big redevelopment projects could move far more.
Look at the deals Manafort had with his tailor and house builder. They were crude and simple but, apparently, effective.
9/
For 15 years, the Trump Org has claimed its Scottish properties will be worth billions--they have built and moved and rebuilt several courses, ball rooms, sleeping areas, etc.
A massive outlay of funds for business that have never ever made a dollar.
10/
Or a pound.
This was designed for minimal scrutiny. Which makes sense--nobody cared what Trump was doing in Scotland in 2011.
It requires subpoena power to prove.
11/end
September 28, 2020
And this is before news of his tax fraud broke.
Source: https://www.rasmussenreports.com/public_content/politics/trump_administration/trump_approval_index_history
Even Rasmussen is looking rough for the Grifter-in-Chief
https://twitter.com/Scr0dman/status/1310622836625727490trump Approval/Disapproval
his highest disapproval in at least two months and lowest approval since July 29
his highest disapproval in at least two months and lowest approval since July 29
And this is before news of his tax fraud broke.
Source: https://www.rasmussenreports.com/public_content/politics/trump_administration/trump_approval_index_history
September 28, 2020
DeSantis, a few days ago, lifted ALL restrictions on businesses (restaurants, bars, theme parks, etc) to be able to open at full capacity and no longer require masks
Thankfully, most businesses have common sense and aren't doing that but some have started to open fully. Right in time for the fall/winter flu season!
Florida COVID-19 - Some perspective!
https://twitter.com/Scr0dman/status/1310588095717404673April 1, 2020 - @GovRonDeSantis issues STATEWIDE #StayAtHome order
7-Day trends:
Daily cases: 808 (7-day trend hit 1,214 a week later)
Daily hospitalizations: 102
Daily deaths: 41
TODAY:
Daily cases: 2,401
Daily hospitalizations: 156
Daily deaths: 106
7-Day trends:
Daily cases: 808 (7-day trend hit 1,214 a week later)
Daily hospitalizations: 102
Daily deaths: 41
TODAY:
Daily cases: 2,401
Daily hospitalizations: 156
Daily deaths: 106
DeSantis, a few days ago, lifted ALL restrictions on businesses (restaurants, bars, theme parks, etc) to be able to open at full capacity and no longer require masks
Thankfully, most businesses have common sense and aren't doing that but some have started to open fully. Right in time for the fall/winter flu season!
September 28, 2020
And when did jesus toss the money changers out of the temple?
Kismet? Yom Kippur
https://twitter.com/davidfrum/status/1310379875434405888It says right in the prayerbook that Yom Kippur is the day that God smites deceivers, wrongdoers, and criminals.
And when did jesus toss the money changers out of the temple?
September 28, 2020
Oh damn! Thatll hurt come winter!
Oh!!!! GOP response to trump tax returns
https://twitter.com/DoYouEvenLif/status/1310367215561121803 Republicans are so quiet about his tax returns you can hear a poll drop.
Oh damn! Thatll hurt come winter!
September 27, 2020
https://twitter.com/crampell/status/1310349842737176576
Grifter-in-Chief has been conning and scamming and grifting and criming from the get-go
Massive Emoluments Clause violations
Impeach again!
trump used Doral and Mar-a-Lago to sell access and his position
https://twitter.com/crampell/status/1310347262057484288 Some great details here about how much more money Trump made from people/corps that appear to be purchasing access through his clubs and other properties.
https://twitter.com/crampell/status/1310349842737176576
One of the main takeaways from NYT's examination of the enormous losses Trump reports on his taxes: He has been an absolutely terrible businessman, or has been stiffing Uncle Sam, but most likely both.
Another takeaway: Losing re-election could be enormously expensive for him
Another takeaway: Losing re-election could be enormously expensive for him
Grifter-in-Chief has been conning and scamming and grifting and criming from the get-go
Massive Emoluments Clause violations
Impeach again!
September 27, 2020
This kid is doing his homework but, man, someone needs to put his answer and his laugh to the video of trump leaving the presser earlier, dejected
Top analyst describes trump's financial situation
https://twitter.com/Frediculous/status/1309898452206153728This kid is doing his homework but, man, someone needs to put his answer and his laugh to the video of trump leaving the presser earlier, dejected
September 27, 2020
He was DEJECTED leaving the presser. Like his return from Tulsa
Watch him leave. Dejected. Like when he arrived back from the Tulsa rally
https://twitter.com/MeidasTouch/status/1310349785333862403
https://twitter.com/Scr0dman/status/1310356014399729666
September 27, 2020
So many idiots are whining about the deep state has won but holding hope in the new criminal investigation of the Clinton Foundation
These people are beyond gullible!
Q bots are writhing in pain! Durham "investigation" won't issue indictments before the election
https://twitter.com/MariaBartiromo/status/1310221953110888449 Breaking news: NO John durham interim report. No indictments before election - Bartiromo sources.
So many idiots are whining about the deep state has won but holding hope in the new criminal investigation of the Clinton Foundation
These people are beyond gullible!
Profile Information
Gender: MaleHometown: Louisville, KY
Current location: Central FL
Member since: Thu Sep 16, 2004, 02:03 PM
Number of posts: 53,342