5 ms·

they weren't charging him interest? if so, why waste money on things that don't yield a return on investment. you could day trade and just put it back in the ac

they weren't charging him interest? if so, why waste money on things that don't yield a return on investment. you could day trade and just put it back in the account. and that way you probably wouldn't get arrested.

IshKebab 10y ago
I'd buy some gold bars, hide them and say I spent it on strippers and drugs. It's not like you'd keep receipts for that.
- bryanlarsen 10y ago
  That would have crossed the line from being just immoral to being illegal. Not buying the gold bars, but failing to disclose & surrender them during court proceedings.
  - jlebrech 10y ago
    it would be pretty obvious when the transactions were checked too, most of them would be for the value at the time of a gold bar.
    - patrickdavey 10y ago
      I would set up a trust in the British virgin islands or Cayman's, transfer the money out there and maybe set up another trust to transfer into if that one was discovered. He was spending the money on strippers and cocaine, no receipts required. Not that I'd do it mind, but I think that'd be a way to get away with it. Reasonable ROI even if you do go to jail for a year or two ;) Read "treasure islands" sometime. Fascinating.
      - fastball 10y ago
        I'd buy an island in a nation that doesn't have an extradition treaty with Australia, buy a tonne of gold, and move to my island. Whenever I need more money, I sell some gold. Then I figure out a way to make it so that I'm no longer doing anything illegal, and wait for the statute of limitations to kick in. Probably I'd have my lawyer in Australia declare bankruptcy or something.
        JoeAltmaier 10y ago
        Then 2 guys in a zodiac with guns will come and put a hood over your head, load up the gold in a helicopter, take you away and problem solved.
        fastball 10y ago
        Did I just rip my idea straight from a movie I'm not remembering, or...?
    - IshKebab 10y ago
      You'd just get cash.
    - kalleboo 10y ago
      Rather than being for the value at the time of cocaine?
  - fastball 10y ago
    It's only illegal if you get caught.
    - jgrahamc 10y ago
      Um. No. It's definitely illegal.
      - fastball 10y ago
        My point was that if you're doing something immoral, it doesn't really matter if its illegal if you don't get caught.
- eip 10y ago
  I would have yolo'd it all on SPY calls. My December 30th calls are up like 300% right now. Could have cleared $4M and paid back the loan in full.
jomohn 10y ago
>you could day trade and just put it back in the account. That way he would have spent just as much money, but sitting in front of a computer instead of being coked up with strippers.
- jlebrech 10y ago
  valid point
- rconti 10y ago
  Ironically, despite having all the money he could spend, he STILL ended up starting a business!
  - bluejekyll 10y ago
    Sounded more like a front to try and explain the money/lifestyle, he didn't seem to be trying earn anything from it.

IshKebab 10y ago

I'd buy some gold bars, hide them and say I spent it on strippers and drugs. It's not like you'd keep receipts for that.

bryanlarsen 10y ago
That would have crossed the line from being just immoral to being illegal. Not buying the gold bars, but failing to disclose & surrender them during court proceedings.
- jlebrech 10y ago
  it would be pretty obvious when the transactions were checked too, most of them would be for the value at the time of a gold bar.
  - patrickdavey 10y ago
    I would set up a trust in the British virgin islands or Cayman's, transfer the money out there and maybe set up another trust to transfer into if that one was discovered. He was spending the money on strippers and cocaine, no receipts required. Not that I'd do it mind, but I think that'd be a way to get away with it. Reasonable ROI even if you do go to jail for a year or two ;) Read "treasure islands" sometime. Fascinating.
    - fastball 10y ago
      I'd buy an island in a nation that doesn't have an extradition treaty with Australia, buy a tonne of gold, and move to my island. Whenever I need more money, I sell some gold. Then I figure out a way to make it so that I'm no longer doing anything illegal, and wait for the statute of limitations to kick in. Probably I'd have my lawyer in Australia declare bankruptcy or something.
      - JoeAltmaier 10y ago
        Then 2 guys in a zodiac with guns will come and put a hood over your head, load up the gold in a helicopter, take you away and problem solved.
        fastball 10y ago
        Did I just rip my idea straight from a movie I'm not remembering, or...?
  - IshKebab 10y ago
    You'd just get cash.
  - kalleboo 10y ago
    Rather than being for the value at the time of cocaine?
- fastball 10y ago
  It's only illegal if you get caught.
  - jgrahamc 10y ago
    Um. No. It's definitely illegal.
    - fastball 10y ago
      My point was that if you're doing something immoral, it doesn't really matter if its illegal if you don't get caught.
eip 10y ago
I would have yolo'd it all on SPY calls. My December 30th calls are up like 300% right now. Could have cleared $4M and paid back the loan in full.

jomohn 10y ago

>you could day trade and just put it back in the account. That way he would have spent just as much money, but sitting in front of a computer instead of being coked up with strippers.

jlebrech 10y ago
valid point
rconti 10y ago
Ironically, despite having all the money he could spend, he STILL ended up starting a business!
- bluejekyll 10y ago
  Sounded more like a front to try and explain the money/lifestyle, he didn't seem to be trying earn anything from it.