You find a suitcase with £1 million in it. What would you do
Discussion
Galsia said:
woody2846 said:
Im sure SWMBO could spend a £1 million fairly easily in a short space of time.
I don't think I would hand it into the Police-
http://www.dailymail.co.uk/news/article-2487553/Ho...
Thats the Leicester Police Christmas party paid for this year then...I don't think I would hand it into the Police-
http://www.dailymail.co.uk/news/article-2487553/Ho...
The police are as bent as i don't know what. What makes it worse is this veneer of unimpeachable honour that they like to maintain. They are as prone to deceit as the next man, maybe more so because they instantly close ranks when any of their number do wrong, see plebgate as an example....
Galsia said:
woody2846 said:
Im sure SWMBO could spend a £1 million fairly easily in a short space of time.
I don't think I would hand it into the Police-
http://www.dailymail.co.uk/news/article-2487553/Ho...
Thats the Leicester Police Christmas party paid for this year then...I don't think I would hand it into the Police-
http://www.dailymail.co.uk/news/article-2487553/Ho...
"However, Mr Justice Lewis said the careful sorting of the notes into bundles of one denomination meant they were 'unlikely to be the profits of legitimate cash trading'.
Hope they never look in my safe then.
berlintaxi said:
WTF.
"However, Mr Justice Lewis said the careful sorting of the notes into bundles of one denomination meant they were 'unlikely to be the profits of legitimate cash trading'.
Hope they never look in my safe then.
Exactly. What do they think legitimate shopkeepers do, randomly shuffle notes into random bundles?"However, Mr Justice Lewis said the careful sorting of the notes into bundles of one denomination meant they were 'unlikely to be the profits of legitimate cash trading'.
Hope they never look in my safe then.
I would be more inclined to think a bag full of unsorted notes would be dodgy!
And the fact that nobody claimed it made it more suspicious? I thought that if nobody claimed it, the person handing it in gets to keep it - so they're saying that the outcome that would lead to the honest person getting the cash is itself suspicious, meaning they cannot give the money to the honest chap?
WTF.
I’m retired and have a bit of time on my hands so I’d become a DIY property developer.
I’d start by bidding at auction for a run down property requiring work paying with my own clean money. Renovate the property ostensibly on a DIY basis but in reality using the dodgy cash to pay tradesman cash in hand to do the work while I read the papers, drink tea and eat biscuits. I’d also use the dirty money to pay for materials and things like skip hire where it would not attract attention or appear unusual.
Of course while doing all of this I’d be mindful to use my own clean money from my bank account via cheque or credit card to pay for any labour and materials where using cash, whether dirty or clean, might raise questions.
When the property has been renovated either sell it, paying any CGT etc due, or rent it to tenants to generate a clean income stream. Assuming this approach didn’t draw any attention I’d repeat, probably buying and renovating two properties simultaneously. As my property empire grows I’d sell a few off and with the proceeds diversify into shares and equity funds to create a clean income.
On a more PH note I’d also lease a relatively discrete V8. 15mpg should help me spend my ill-found gains.
I’d start by bidding at auction for a run down property requiring work paying with my own clean money. Renovate the property ostensibly on a DIY basis but in reality using the dodgy cash to pay tradesman cash in hand to do the work while I read the papers, drink tea and eat biscuits. I’d also use the dirty money to pay for materials and things like skip hire where it would not attract attention or appear unusual.
Of course while doing all of this I’d be mindful to use my own clean money from my bank account via cheque or credit card to pay for any labour and materials where using cash, whether dirty or clean, might raise questions.
When the property has been renovated either sell it, paying any CGT etc due, or rent it to tenants to generate a clean income stream. Assuming this approach didn’t draw any attention I’d repeat, probably buying and renovating two properties simultaneously. As my property empire grows I’d sell a few off and with the proceeds diversify into shares and equity funds to create a clean income.
On a more PH note I’d also lease a relatively discrete V8. 15mpg should help me spend my ill-found gains.
Hire a yacht for cash or if you want to be extra careful, with your own money\bank loan. It doesn't have to be anything fancy, just good enough to get you across the channel and then coastline hop. Jump aboard with your family+loot and spend the next week or two coastline hoping your way down the Med on a relaxing holiday while avoiding any need to go through any borders where you might get searched. Get to your favoured country of choice, Spain, Italy, Greece, Turkey etc where there are many banks who will be more than happy to take your £1m Stirling and open you a bank account, no questions asked.
A few months after you get back to the UK, have the bank wire transfer the money back to your UK bank account. If the HMRC come sniffing, tell them your long lost uncle Theolopolis died and left you money in his will.
A few months after you get back to the UK, have the bank wire transfer the money back to your UK bank account. If the HMRC come sniffing, tell them your long lost uncle Theolopolis died and left you money in his will.
Guvernator said:
Hire a yacht for cash or if you want to be extra careful, with your own money\bank loan. It doesn't have to be anything fancy, just good enough to get you across the channel and then coastline hop. Jump aboard with your family+loot and spend the next week or two coastline hoping your way down the Med on a relaxing holiday while avoiding any need to go through any borders where you might get searched. Get to your favoured country of choice, Spain, Italy, Greece, Turkey etc where there are many banks who will be more than happy to take your £1m Stirling and open you a bank account, no questions asked.
A few months after you get back to the UK, have the bank wire transfer the money back to your UK bank account. If the HMRC come sniffing, tell them your long lost uncle Theolopolis died and left you money in his will.
A few months after you get back to the UK, have the bank wire transfer the money back to your UK bank account. If the HMRC come sniffing, tell them your long lost uncle Theolopolis died and left you money in his will.
And when they ask you for documents?
Seriously, laundering £1m is VERY VERY difficult, and illegal.
The only solution would be to hide the money, and use a little each day.
And hope the notes aren't marked or known by number as nicked, or that the "not) rightful owner doesn't find you and bullyram you.
RSoovy4 said:
Guvernator said:
Hire a yacht for cash or if you want to be extra careful, with your own money\bank loan. It doesn't have to be anything fancy, just good enough to get you across the channel and then coastline hop. Jump aboard with your family+loot and spend the next week or two coastline hoping your way down the Med on a relaxing holiday while avoiding any need to go through any borders where you might get searched. Get to your favoured country of choice, Spain, Italy, Greece, Turkey etc where there are many banks who will be more than happy to take your £1m Stirling and open you a bank account, no questions asked.
A few months after you get back to the UK, have the bank wire transfer the money back to your UK bank account. If the HMRC come sniffing, tell them your long lost uncle Theolopolis died and left you money in his will.
A few months after you get back to the UK, have the bank wire transfer the money back to your UK bank account. If the HMRC come sniffing, tell them your long lost uncle Theolopolis died and left you money in his will.
And when they ask you for documents?
Seriously, laundering £1m is VERY VERY difficult, and illegal.
The only solution would be to hide the money, and use a little each day.
And hope the notes aren't marked or known by number as nicked, or that the "not) rightful owner doesn't find you and bullyram you.
RSoovy4 said:
And when they ask you for documents?
Seriously, laundering £1m is VERY VERY difficult, and illegal.
The only solution would be to hide the money, and use a little each day.
And hope the notes aren't marked or known by number as nicked, or that the "not) rightful owner doesn't find you and bullyram you.
make 100 3 piece suites a month
sell 1000 3 piece suites a month
laundering 1m is EASY
(this actually worked for years for someone I knew)
he was murdered when he wanted out of the 'game'
RSoovy4 said:
And when they ask you for documents?
Seriously, laundering £1m is VERY VERY difficult, and illegal.
The only solution would be to hide the money, and use a little each day.
And hope the notes aren't marked or known by number as nicked, or that the "not) rightful owner doesn't find you and bullyram you.
HMRC? They have no right to ask you about money from abroad coming into this country, only going out and they won't care anyway, money coming in means a win for them. A close friend brings in large sums from overseas on a regular basis (not dodgy money) into the UK without any issues. Even if HMRC for some bizarre reason did want to follow it up you wouldn't believe how easy it is to grease the right palms in those countries mentioned to come up with all sorts of documentation to show that the money is from a perfectly legit source.
I would say it's difficult certainly but not very very difficult, someone with the will and a bit of nonce CAN and in fact do get away with it on a daily basis otherwise the hundreds of criminals and criminal organisations in the UK would have no way to use their ill gotten gains which they obviously do.
RSoovy4 said:
Seriously, laundering £1m is VERY VERY difficult, and illegal.
The only solution would be to hide the money, and use a little each day.
And hope that the "not) rightful owner doesn't find you and bullyram you.
That's 9 cash businesses turning over 50K more than they should a year, plus the house that gets £200K of work, but only £100K goes via a bank account.
Should the rightful owner find me, I have £1 million in a legitimate bank account, so I'll pay for protection. Danny? Where are you?
New POD said:
RSoovy4 said:
Seriously, laundering £1m is VERY VERY difficult, and illegal.
The only solution would be to hide the money, and use a little each day.
And hope that the "not) rightful owner doesn't find you and bullyram you.
That's 9 cash businesses turning over 50K more than they should a year, plus the house that gets £200K of work, but only £100K goes via a bank account.
Should the rightful owner find me, I have £1 million in a legitimate bank account, so I'll pay for protection. Danny? Where are you?
Mr Sparkle said:
A few years ago wasn't a member of piston-heads given a prison sentence for very high level drug dealing? I seem to remember him having shown a few other members around his car collection which included a Rolls Royce Phantom. Wonder how he laundered the money.
Not very successfully apparently.A common lawyer said:
23rdian said:
Wouldn't have thought you would need to launder that much?
Erm, take it?
You're going to spend £250 a day, every day, for ten years? That's some serious stamina! If you're paying for bigger stuff in cash (travel, cars, houses) that starts to get suspicious!Erm, take it?
Id favour the cash business method, and if you pick wisely then you may actually end up with an honest living too.
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