You find a suitcase with £1 million in it. What would you do
Discussion
callmedave said:
Do you expect to file accounts for this gold buying company? - no!
Do you expect to be asked where you got the money to invest in the gold from? - by who?
If you couldn't prove you had run the "cash for gold business" (because there's no accounts) you may aswell just walk in the bank with the cash and say you'd ran it, why have the hassle of actually doing it. Do you expect to be asked where you got the money to invest in the gold from? - by who?
Either way, they'd then ask where the cash came from to buy the gold in the first place, and you're back to square one.
mackay45 said:
I'd pretend I won it counting cards, use it to buy a car wash and then use that car wash to launder any other illegitimate funds I might come across in the future.
I'd probably treat myself to a 300C as well.
That would raise too much suspicion Walt. Mainly because you already did that!! I'd probably treat myself to a 300C as well.
I'd keep it as cash and use as and when same as most people
B17NNS said:
Out of interest how do criminals legitimise large sums of cash?
I have an opinion about the reasons that there are so many tanning saloons, and nail shops in Merseyside, and why so many wimmin are bright orange. I have no evidence, but it might explain where some of the Drugs money gets cleaned. I'd open a chip shop, employ staff, and turn a profit. I'd have a reputation for massive fish, and the biggest portion sizes. Then I'd open another one, and a curry house, and a pizza place, then open a pub, and a microbrewery, and eventually at a point where almost all the £1million was fed into the amazing accounts, I'd put them all up for sale, with Books that showed massive cash sales, and then I'd retire to work on my 'security business'
the first person I'd employ would be "Danny" to protect me.
the first person I'd employ would be "Danny" to protect me.
LimaDelta said:
Actually come to think of it, if I handed it in to the police and it was not claimed, wouldn't it then legally become my property? Have the police effectively laundered it for me?
How often do you think the police ring people up after a week or so and say 'Sorry sir, the cash was claimed this morning' 
You get yourself a bent Jersey accountant who sets up a trust for you:
http://www.thelawyer.com/jersey-lawyer-jailed-for-...
http://www.thelawyer.com/jersey-lawyer-jailed-for-...
Article said:
Accountant Peter Michel was found guilty of 10 counts of money laundering and tax evasion in 2007 and sentenced to several years in prison. It was reported at the time that Peter Michel had laundered £27m.
That's what Londons Mr Big did as I understand.B17NNS said:
Out of interest how do criminals legitimise large sums of cash?
Apparently when the euro came into France there was a building boom. Speculation was all the builders had Franks to use up... Similar problem to this one really!Edited by AudiSport on Thursday 31st October 19:46
Edited by AudiSport on Thursday 31st October 19:51
Edited by AudiSport on Thursday 31st October 19:53
B17NNS said:
Out of interest how do criminals legitimise large sums of cash?
Apparently when the euro came into France there was a building boom. Speculation was all the builders had Franks to use up... Similar problem to this one really!Edited by AudiSport on Thursday 31st October 19:46
Edited by AudiSport on Thursday 31st October 19:51
Edited by AudiSport on Thursday 31st October 19:53
RSoovy4 said:
I would imagine that you could probably go to Birmingham, and buy gold at some "second division" places with cash, but you'd take a big haircut on the amount you got.
A friend of mine made some serious cash about about a decade ago. We're talking 50k p/m+. Luckily his dad is a jeweller. Their way of dealing with this problem was to convert the cash to gold jewellery, laden up the Jewish mother on an ElAl flight to Israel and have the problem solved over there. She of course returned from her regular trips to see her family sans most of the jewellery. Clean funds were then wired over from Israel as and when required. Allegedly 
I just don't believe that HMRC are anywhere near as all seeing as people seem to think. How could they know about all the businesses and transactions going on around the country with their staffing levels? Most of their investigations etc must just come from people reporting neighbours etc. I suspect half the businesses in Birmingham don't really exist in a formal sense.
I would keep the money and use it to fund general purchases, petrol, food, that sort of thing, with of course a few extravagances - but nothing totally outlandish that I couldn't reasonably afford to buy anyway, whilst over paying the **** out of my mortgage with my legitimate wage.
Once that is paid, I'm laughing, I could use the saved mortgage money to finance a more luxurious life style, but still nothing too outlandish, whilst keeping the cash aside for the odd purchase here and there.
When I retire (plenty of time yet, I'm 25), I'd move somewhere quiet with a steady pace of life where questions wouldn't be asked, I'd just be some rich old duffer.
Once that is paid, I'm laughing, I could use the saved mortgage money to finance a more luxurious life style, but still nothing too outlandish, whilst keeping the cash aside for the odd purchase here and there.
When I retire (plenty of time yet, I'm 25), I'd move somewhere quiet with a steady pace of life where questions wouldn't be asked, I'd just be some rich old duffer.
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