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How do I Get a SAFE Foreign Bank Account ?

Posted on 10/23/2002 4:26:30 PM PDT by ml/nj

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To: sourcery
J. Orlin Grabbe is a man with impressive credentials and a bad track record.

I happen to be someone who followed the investigation into the death of Vincent Foster with interest. Mr. Grabbe wrote a series of articles about Foster which turned out to be pure disinformation. Knowing that as I do I would never trust anything he has written or will write.

ML/NJ

21 posted on 10/23/2002 6:39:27 PM PDT by ml/nj
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To: ml/nj
It's okay, dude. You're among friends here. Planning on cheating on your taxes? ;-p
22 posted on 10/23/2002 6:39:29 PM PDT by Bush2000
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To: ml/nj
I would never trust anything he has written or will write

I thought the topic was how the sniper could "safely" collect his blackmail payment, not whether depositing ml/nj's money into the DMT would be a good idea or not. Sorry for the misunderstanding.

23 posted on 10/23/2002 6:46:52 PM PDT by sourcery
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To: sourcery
"blackmail" => "extortion"

Ahem.

24 posted on 10/23/2002 6:56:48 PM PDT by sourcery
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To: ml/nj
BUMP
25 posted on 10/23/2002 7:06:49 PM PDT by RippleFire
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To: ml/nj
Agreed; many of us were initially taken in by Grabbe.

Considering the news is now reporting the sniper case has been solved, my thoughts still lean toward some sort of depositary involved getting money to the one who pointed to Muhammad.

The news may be incorrect, or incomplete, but FNC is sounding like Muhammad is the sniper.

26 posted on 10/24/2002 7:35:21 AM PDT by katze
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To: ml/nj
Just saw FNC crawl line that tells that "someone" (I missed who told it) said Muhammad did a lot of flying, to places like Denver, New Orleans and *Grand Cayman*. So, who has a Grand Cayman account????

He's also being called a people smuggler; Antigua, Jamaica may be ripe for migrants, but I don't believe the Caymans would be. I'm trying to watch ball game, too, but going to try to find the cite about under which circumstances these offshore accounts may be revealed. This thing may involve more than him (alone) being the sniper. Would love to see Calypso Louie's paw prints all over this.

27 posted on 10/27/2002 6:30:23 PM PST by katze
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To: ml/nj
This is a cite from a House Banking Cte hearing, which specifically mentions Cayman. I'd have to guess this one pales in comparison to the sniper. Maybe there is no there there, but I'm curious why else he would go to Caymans.

(2) La Salle University

Based upon SARs and complaints by victim-students, the New Orleans Office of the FBI initiated an investigation into LaSalle University, Mandeville, Louisiana, a mail order correspondence school which offered external degree studies. The SARs and complaints received concerned the structuring and money laundering by companies and individuals associated with LaSalle. La Salle solicited students through printed advertisements in magazines and major newspapers, had a national and international student registration of over 15,000 students, but later was found to be nothing more than a sophisticated diploma mill not recognized by any collegiate accrediting body. La Salle defrauded unsuspecting students by leading them to believe that they were accredited by the Council on Post Secondary Christian Education (COPCE) located in Washington, D.C. COPCE was established by La Salle management as a further level of deception, leading its students to believe they were attending an accredited university. La Salle acquired approximately $36 million in its multi-tiered ploy to obtain students.

The students being targeted by La Salle were defrauded by over $2 million per semester in student fees paid by check, credit card or bank draft. La Salle deceived the victim-students concerning the cost of tuition. Once the victim-student was enrolled, the management would double charge the draft or credit card of the provider.

La Salle used many shell companies to conceal the source of the income it generated. Victim students were duped into believing that the university had a religious affiliation, and served as a nonprofit institution. Over 12 different bank accounts were located by the FBI-some located in the Cayman Islands, maintained under various company names. The accounts were used by the president of La Salle to buy drugs, produce pornographic movies, and establish a quasi-militia organization with anti-government objectives.

La Salle had evaded local and federal prosecution by operating in various locations, starting in California in 1985 and relocating to Missouri, Nevada, Arizona, and Florida before relocating to Louisiana in 1992. Pursuant to the information provided by SARs and complaints, the FBI executed search warrants in July 1996. The additional evidence produced by the searches allowed the FBI to issue seizure warrants for bank accounts totaling over $10 million. Later, the home of the La Salle president, valued at approximately $2 million, was forfeited.

In the fall of 1997, all management officials of La Salle were convicted of various charges of mail fraud, wire fraud, and money laundering. In 1998, all monies seized by the FBI were forfeited, and returned to the victim-students as restitution.

28 posted on 10/27/2002 6:53:28 PM PST by katze
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To: ml/nj
I'm not sure I understand you as far as "safe." Do you mean "safe" in the sense that you can stash cash there and it be "safe" from the folks at the IRS, or "safe" in the sense that you can put your money there and not worry about the bank going "belly up?"

If the latter is your only issue, I'm not sure why you would need an overseas bank account. So I'll presume the former is the case.

Someone mentioned the Caymans. This is good advice, as they probably have the most friendly banking laws on Earth. Until recently, the Caymans had total bank secrecy laws; no government could get at your info, period. In the 80s, with the WOD, the US government convinced the folks in the Caymans there was a lot of money laundering for drugs going on down there--so they changed the laws to reflect the current policy: if a government wants bank records to investigate a crime, the banks are only allowed (civil AND criminal sanctions) to cooperate if the crime investigated is ALSO a crime in the Caymans. The kicker is that since the Caymans don't have taxes, tax evasion isn't a crime. So, when the IRS comes knocking, nobody is home. Notably, despite assistance treaties, the Caymans rarely cooperates.

Few banks in the Caymans have a website, so that can be a bit of a problem if you need to be getting at your money quite a lot, but the kind of people who have this sort of account usually aren't worried about being that liquid. If you're serious about this, call the embassy and they'll set you up with all the information that you'll need.
29 posted on 10/27/2002 7:10:57 PM PST by Viva Le Dissention
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To: Viva Le Dissention
It was a    r h e t o r i c a l    question.

ML/NJ

30 posted on 10/28/2002 4:48:06 AM PST by ml/nj
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