Moderator: 3ne2nr Mods
Redman wrote:I can’t figure out how this is a laundering operation
The money remains outside the system in cash...and the returns have to be funded.
This is low level fraud.
Redman wrote:I can’t figure out how this is a laundering operation
The money remains outside the system in cash...and the returns have to be funded.
This is low level fraud.
88sins wrote:Redman wrote:I can’t figure out how this is a laundering operation
The money remains outside the system in cash...and the returns have to be funded.
This is low level fraud.
Just a "hypothetical" scenario here.
You're a not-so legal-pharmaceutical distributor with a 55-60 million in cash just sitting in houses across the country at risk of being found, money that you can't deposit because even tho you have a several businesses their revenue generating capabilities are so limited (because most to businesses slowed down drastically due to covid) that there is no way to pass that volume of money thru those accounts, or at the very least you can't pass it without several people knowing about it, & either route you take you at risk of either being discovered, losing it all, or both, and there is nobody on the island that can wash that amount of money for you without raising a red flag.
So you start a "sousou" that paying out at 8:1, and have several of them in a wide network. Some people that join the sousou you pay (lets say half) , and the rest of them you don't.
To those that you do pay out, you use your dirty money to pay them, and as a condition of the "sousou" the payee have to "gift" half back to you. So a person give you $100, you give them $800 & they give you back $400, so you temporarily lose $300 (considering it'd cost between 10-20% if you were to get it done by someone on the outside in the developed world, the "sousou" rate kinda steep but you eh taking all that loss).
Then for those you don't pay, you tell them the "sousou" buss & forget them, & many will swallow the loss of their money because you tell them it non-refundable up front. Now you have receipts showing that a lot people gave you a lot of money, and you mix in the rest of your dirty cash with this.
So (provided you can get enough of the population to get involved of course) between the "re-gifts" and the people money you take, you just washed all you money over a few months with minimal losses & nothing really pointing directly at you.
seeing it now?
88sins wrote:Redman wrote:I can’t figure out how this is a laundering operation
The money remains outside the system in cash...and the returns have to be funded.
This is low level fraud.
Just a "hypothetical" scenario here.
You're a not-so legal-pharmaceutical distributor with a 55-60 million in cash just sitting in houses across the country at risk of being found, money that you can't deposit because even tho you have a several businesses their revenue generating capabilities are so limited (because most to businesses slowed down drastically due to covid) that there is no way to pass that volume of money thru those accounts, or at the very least you can't pass it without several people knowing about it, & either route you take you at risk of either being discovered, losing it all, or both, and there is nobody on the island that can wash that amount of money for you without raising a red flag.
So you start a "sousou" that paying out at 8:1, and have several of them in a wide network. Some people that join the sousou you pay (lets say half) , and the rest of them you don't.
To those that you do pay out, you use your dirty money to pay them, and as a condition of the "sousou" the payee have to "gift" half back to you. So a person give you $100, you give them $800 & they give you back $400, so you temporarily lose $300 (considering it'd cost between 10-20% if you were to get it done by someone on the outside in the developed world, the "sousou" rate kinda steep but you eh taking all that loss).
Then for those you don't pay, you tell them the "sousou" buss & forget them, & many will swallow the loss of their money because you tell them it non-refundable up front. Now you have receipts showing that a lot people gave you a lot of money, and you mix in the rest of your dirty cash with this.
So (provided you can get enough of the population to get involved of course) between the "re-gifts" and the people money you take, you just washed all you money over a few months with minimal losses & nothing really pointing directly at you.
seeing it now?
De Dragon wrote:Redman wrote:I can’t figure out how this is a laundering operation
The money remains outside the system in cash...and the returns have to be funded.
This is low level fraud.
Fraud is fraud.
Blaze d Chalice wrote:Trinis too greedy overall.
But I think it would be very fair if all the people who taking David M recommendation and joining, should also go back to him for compensation if they come out tail between leg and even less empty handed.
Ted_v2 wrote:i saw a youthman that said he got like just under 200k, buy a piece of land and thinggggg
hear the jones, it right next door to his family down south. O_O inherited much? i waiting to hear what taking place.
RedVEVO wrote:De Dragon wrote:Redman wrote:I can’t figure out how this is a laundering operation
The money remains outside the system in cash...and the returns have to be funded.
This is low level fraud.
Fraud is fraud.
How so ?
Police have no evidence of fraud
Sou Sou pooling money like a Bank
teems1 wrote:Banks are required to have a certain % at CBTT.
Also loans are insured.
These pyramid schemes depend on more suckers joining and eventually collapses.RedVEVO wrote:De Dragon wrote:Redman wrote:I can’t figure out how this is a laundering operation
The money remains outside the system in cash...and the returns have to be funded.
This is low level fraud.
Fraud is fraud.
How so ?
Police have no evidence of fraud
Sou Sou pooling money like a Bank
RedVEVO wrote:teems1 wrote:Banks are required to have a certain % at CBTT.
Also loans are insured.
These pyramid schemes depend on more suckers joining and eventually collapses.RedVEVO wrote:De Dragon wrote:Redman wrote:I can’t figure out how this is a laundering operation
The money remains outside the system in cash...and the returns have to be funded.
This is low level fraud.
Fraud is fraud.
How so ?
Police have no evidence of fraud
Sou Sou pooling money like a Bank
Banks are like an XT computer now
Is it a crime to pool your money and get a loan ?
RedVEVO wrote:Ted_v2 wrote:i saw a youthman that said he got like just under 200k, buy a piece of land and thinggggg
hear the jones, it right next door to his family down south. O_O inherited much? i waiting to hear what taking place.
So you jello green ?
Or you happy he succeed
Ted_v2 wrote:RedVEVO wrote:Ted_v2 wrote:i saw a youthman that said he got like just under 200k, buy a piece of land and thinggggg
hear the jones, it right next door to his family down south. O_O inherited much? i waiting to hear what taking place.
So you jello green ?
Or you happy he succeed
i sleeping comfortable tonight knowing i eh scam anyone and free to walk anywhere i choose without expecting a blade or a shot ringing off. i cant say the same for some of these characters.
shake d livin wake d dead wrote:Ah going and make ah troll here
NIS is the biggest f%=$'*^ ponzi/pyramid scheme and nobody not studying that sheit. I sure it might not be around when I reach 60..
Ah gone again
shake d livin wake d dead wrote:Ah going and make ah troll here
NIS is the biggest f%=$'*^ ponzi/pyramid scheme and nobody not studying that sheit. I sure it might not be around when I reach 60..
Ah gone again
88sins wrote:shake d livin wake d dead wrote:Ah going and make ah troll here
NIS is the biggest f%=$'*^ ponzi/pyramid scheme and nobody not studying that sheit. I sure it might not be around when I reach 60..
Ah gone again
It go be around, but the retirement age might be 70 by the then
NIS isn't really a ponzi scheme tho. with NIS if you only qualify for a lump sum settlement you get back what you put in, and only what you put in.
For those that qualify for a pension, you get a set amount every month for the rest of your life till you die. Now, depending on how long you live you might not recover all you put in, but if you live long enough you could get back plenty more than you put in, with the extras you get coming from the funds that would have been payable to those that died before collecting all they were due. So in a sense it's a gamble, but only in regards to how much you get back in comparison to what you put in.
as opposed to this madness, where you eh sure to get back anything at all
shake d livin wake d dead wrote:My NIS payment hovers around 900+ every month. I sure if I save that on my own Id feel more satisfied.