Automotive Vloggers (Vol. 5)
Discussion
Megaflow said:
blueST said:
Say what? I am not sure how that is going to work. As I understood it, The Skid Factory shed was in Al's backyard.
614-HSO said:
idk they taxed drug money?
Hope they get locked up and key thrown away.
The tax charge is likely a method for law enforcement to convey a message. I suspect there's a larger and more intricate investigation underway in the background. Typically, such cases commence with a raid like this before authorities proceed to dismantle the entire operation. Hope they get locked up and key thrown away.
What surprises me is how the authorities permitted "PET" to operate for such an extended period, especially when everyone is aware of what the Lord and his Dad are engaged in.
SVJBalboni said:
614-HSO said:
idk they taxed drug money?
Hope they get locked up and key thrown away.
The tax charge is likely a method for law enforcement to convey a message. I suspect there's a larger and more intricate investigation underway in the background. Typically, such cases commence with a raid like this before authorities proceed to dismantle the entire operation. Hope they get locked up and key thrown away.
What surprises me is how the authorities permitted "PET" to operate for such an extended period, especially when everyone is aware of what the Lord and his Dad are engaged in.
Most of these car hire and even used car lots serve as fronts to launder money, much like the dubious watch dealers you see on social media who hold millions in inventory even when the luxury market is in massive decline.
Returning to the reasons why car hires like PET are an effective means to launder money, the rental agreements are intricate, and payments are typically settled in cash. Moreover, the vehicles themselves represent tangible assets. For instance, if I possessed around a million pounds that required laundering, I could invest it in a few cars, have an agency rent them out, generate profits, and subsequently sell off the cars a year later. My money is cleaned and now I can invest in whatever.
Returning to the reasons why car hires like PET are an effective means to launder money, the rental agreements are intricate, and payments are typically settled in cash. Moreover, the vehicles themselves represent tangible assets. For instance, if I possessed around a million pounds that required laundering, I could invest it in a few cars, have an agency rent them out, generate profits, and subsequently sell off the cars a year later. My money is cleaned and now I can invest in whatever.
SVJBalboni said:
My money is cleaned and now I can invest in whatever.
Though a laundry usually works better if it's a bit less obvious & isn't drawing massive attention. The idea nominally works but you may as well just not bother for what it actually achieves in the way of cleaning. The biggest issues are the lack of imagination people show in the setups they use and those who can't help being flash b
ds; may as well just hang a sign out. Not like these setups can ever stand much scrutiny if anyone actually decides to take a look at the books and whatever. Guess it's like a few of the other schemes that have popped over the years, or something like Encrochat; let them carry on being 'clever' then sweep it all up later.
How many scammers have we seen over the years who use social media to make themselves look legitimate, yet they're breaking every possible law in the background? And when they get busted, you're left scratching your head, wondering why someone would be so public.
One guy that comes to mind is J Cartu. Remember how active he was on social media, popping into Shmee150's videos, including the delivery video of his F12 TDF? Most of these individuals showcase lavish cars, appearing narcissistic, and they don't believe they're doing anything wrong. Aleem is the same; he makes everything look legit, even though there are massive cracks in his story from rags to riches. He still comes off as someone who's legit. That's until the house of cards comes crashing down.
One guy that comes to mind is J Cartu. Remember how active he was on social media, popping into Shmee150's videos, including the delivery video of his F12 TDF? Most of these individuals showcase lavish cars, appearing narcissistic, and they don't believe they're doing anything wrong. Aleem is the same; he makes everything look legit, even though there are massive cracks in his story from rags to riches. He still comes off as someone who's legit. That's until the house of cards comes crashing down.
I remember seeing a video from another YTer years ago about somebody's 675LT - this was when they were still going for healthy overs, and he had apparently funded it doing remaps down a back alley somewhere.
And of course, lest we forget Gaskings... His channel was huge when mine was just starting, and what frustrated me most is he was probably earning enough money to have what he did through legitimate means!
And of course, lest we forget Gaskings... His channel was huge when mine was just starting, and what frustrated me most is he was probably earning enough money to have what he did through legitimate means!
SVJBalboni said:
Most of these car hire and even used car lots serve as fronts to launder money, much like the dubious watch dealers you see on social media who hold millions in inventory even when the luxury market is in massive decline.
Returning to the reasons why car hires like PET are an effective means to launder money, the rental agreements are intricate, and payments are typically settled in cash. Moreover, the vehicles themselves represent tangible assets. For instance, if I possessed around a million pounds that required laundering, I could invest it in a few cars, have an agency rent them out, generate profits, and subsequently sell off the cars a year later. My money is cleaned and now I can invest in whatever.
Your method would not work.Expensive luxury cars are one of the worst assets to use to launder money. The amount of paperwork will lead to a paper trail.It is extremely difficult to launder large quantities of money within the uk.Returning to the reasons why car hires like PET are an effective means to launder money, the rental agreements are intricate, and payments are typically settled in cash. Moreover, the vehicles themselves represent tangible assets. For instance, if I possessed around a million pounds that required laundering, I could invest it in a few cars, have an agency rent them out, generate profits, and subsequently sell off the cars a year later. My money is cleaned and now I can invest in whatever.
pquinn said:
Though a laundry usually works better if it's a bit less obvious & isn't drawing massive attention. The idea nominally works but you may as well just not bother for what it actually achieves in the way of cleaning.
The biggest issues are the lack of imagination people show in the setups they use and those who can't help being flash bds; may as well just hang a sign out. Not like these setups can ever stand much scrutiny if anyone actually decides to take a look at the books and whatever.
Guess it's like a few of the other schemes that have popped over the years, or something like Encrochat; let them carry on being 'clever' then sweep it all up later.
Cash only fast food places are a great example. There is a local business that has been in business for decades selling used goods. Never seen the owner but that small business could be used as a small front.Now I could be wrong.The best launders are the ones that work in the back end.The biggest issues are the lack of imagination people show in the setups they use and those who can't help being flash b
ds; may as well just hang a sign out. Not like these setups can ever stand much scrutiny if anyone actually decides to take a look at the books and whatever. Guess it's like a few of the other schemes that have popped over the years, or something like Encrochat; let them carry on being 'clever' then sweep it all up later.
bluemason said:
SVJBalboni said:
Most of these car hire and even used car lots serve as fronts to launder money, much like the dubious watch dealers you see on social media who hold millions in inventory even when the luxury market is in massive decline.
Returning to the reasons why car hires like PET are an effective means to launder money, the rental agreements are intricate, and payments are typically settled in cash. Moreover, the vehicles themselves represent tangible assets. For instance, if I possessed around a million pounds that required laundering, I could invest it in a few cars, have an agency rent them out, generate profits, and subsequently sell off the cars a year later. My money is cleaned and now I can invest in whatever.
Your method would not work.Expensive luxury cars are one of the worst assets to use to launder money. The amount of paperwork will lead to a paper trail.It is extremely difficult to launder large quantities of money within the uk.Returning to the reasons why car hires like PET are an effective means to launder money, the rental agreements are intricate, and payments are typically settled in cash. Moreover, the vehicles themselves represent tangible assets. For instance, if I possessed around a million pounds that required laundering, I could invest it in a few cars, have an agency rent them out, generate profits, and subsequently sell off the cars a year later. My money is cleaned and now I can invest in whatever.
You can also do dodgy deals on procurement; buy a £200k car at, say, £150k through books, but bung an unscrupulous owner another £40-50k in cash. Who would know or care?
Got a mate/cousin/uncle with an insurance firm? Another opportunity.
Not saying they did any of this, but rather that it is not impossible to use this type of business to launder.
My thought also is that these "win a car" type firms, like any gambling, can also be a great way to rinse large amounts of cash.
bluemason said:
pquinn said:
Though a laundry usually works better if it's a bit less obvious & isn't drawing massive attention. The idea nominally works but you may as well just not bother for what it actually achieves in the way of cleaning.
The biggest issues are the lack of imagination people show in the setups they use and those who can't help being flash bds; may as well just hang a sign out. Not like these setups can ever stand much scrutiny if anyone actually decides to take a look at the books and whatever.
Guess it's like a few of the other schemes that have popped over the years, or something like Encrochat; let them carry on being 'clever' then sweep it all up later.
Cash only fast food places are a great example. There is a local business that has been in business for decades selling used goods. Never seen the owner but that small business could be used as a small front.Now I could be wrong.The best launders are the ones that work in the back end.The biggest issues are the lack of imagination people show in the setups they use and those who can't help being flash b
ds; may as well just hang a sign out. Not like these setups can ever stand much scrutiny if anyone actually decides to take a look at the books and whatever. Guess it's like a few of the other schemes that have popped over the years, or something like Encrochat; let them carry on being 'clever' then sweep it all up later.
bluemason said:
Cash only fast food places are a great example. There is a local business that has been in business for decades selling used goods. Never seen the owner but that small business could be used as a small front.Now I could be wrong.The best launders are the ones that work in the back end.
I don't think it is a secret that the Chiron is owned by "Big John" Johngir Saddiq, who also has some interesting business practices. This is documented on companies house as a charge against Luxurico Ltd via Thirty Developments Ltdhttps://www.birminghammail.co.uk/news/midlands-new...
I have no idea why a finance company like Liberty Leasing would be getting themselves involved in this outfit - it's well known in the industry how they operate.
jayemm89 said:
Ben is genuinely lovely and it is great to see people doing so much to enjoy his cars with his kids, and not in spite of them.
It is the children of today who will decide if the ICE gets to live or die
No it’s not…..it’s the oil companies and the energy corporations and what they decide to feed you It is the children of today who will decide if the ICE gets to live or die
Edited by Sweet Fantastic on Monday 20th November 10:55
Digga said:
Not necessarily. It's high ticket hire, so you can 'game' both the utilisation and price of the hire. It's not easy to check that.
You can also do dodgy deals on procurement; buy a £200k car at, say, £150k through books, but bung an unscrupulous owner another £40-50k in cash. Who would know or care?
Got a mate/cousin/uncle with an insurance firm? Another opportunity.
Not saying they did any of this, but rather that it is not impossible to use this type of business to launder.
My thought also is that these "win a car" type firms, like any gambling, can also be a great way to rinse large amounts of cash.
Okay but that is already a significant loss of money.There is needs to be a recoup period. Now if I had hundreds of thousands in dirty money, I would use legitimate loans to. secure a commerical lease.As soon as I have secured a spot, the business would be used to launder the money.The business itself is a cash only business.The start up costs would be covered by the loans. As time goes on the books can be balanced.And within a five year period I could earn back my money.You can also do dodgy deals on procurement; buy a £200k car at, say, £150k through books, but bung an unscrupulous owner another £40-50k in cash. Who would know or care?
Got a mate/cousin/uncle with an insurance firm? Another opportunity.
Not saying they did any of this, but rather that it is not impossible to use this type of business to launder.
My thought also is that these "win a car" type firms, like any gambling, can also be a great way to rinse large amounts of cash.
timrud said:
Top Gear have a first drive with the incredible T-50
Amazing to think Shmee could've popped his money into one of those, but instead went for a Zenvo and its odd rear wing. You realise what a fail that was now.
I rather suspect Gordon Murray wouldn't have paid him to be a brand fluffer, so it's fairly moot.Amazing to think Shmee could've popped his money into one of those, but instead went for a Zenvo and its odd rear wing. You realise what a fail that was now.
h0b0 said:
123DWA said:
123DWA said:
Was driving through the lovely area of Birmingham that Platinum Executive Travel operates in this afternoon. As i approached the showroom I could see 2/3 car transporters waiting on the road and then noticed a police van outside the showroom and what looked like a police officer supervising a PET G63 being loaded on to a truck! Wonder what's gone on there
Coventry Road luxury car hire firm raided in police and tax probe Blimey, £1.7m in unpaid taxes!https://www.birminghammail.co.uk/all-about/lord-al...
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