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I've encountered several startups that have founded banks through American Indian Reservations, instantly creating an international money laundering vehicle, wh
by bsenftner 7y ago
I've encountered several startups that have founded banks through American Indian Reservations, instantly creating an international money laundering vehicle, which they use as a tax haven for wealthy people while also being able to create money directly by loaning it to separate corporate shells. This may be "smart" but I steer away from anyone with this type of "strategic thinking" because they are playing with fire.