3 ms·
Money laundering / plausibly deniable embezzlement? 1. Inform people to whom you want to transfer money that you're about to push the market up. They buy a wi
by gwd 6y ago
Money laundering / plausibly deniable embezzlement?
1. Inform people to whom you want to transfer money that you're about to push the market up. They buy a wide range of tech stocks (or other derivatives that rely on tech stocks)
2. Make some insane trades that push up tech stocks for a few days
3. Your targets sell, taking a hefty profit
You've effectively transferred money out of your hedge fund to these other people; if the "area of effect" is large enough, it should be difficult to tell who was the target. Don't know if this is efficient or plausible.
- srtjstjsj 6y agoIf it's that easy, just do it for yourself to profit.
- dllthomas 6y agoI doubt gwd has access to a tremendous pile of other people's money to experiment with, other considerations aside.
- raincom 6y agoLaundering is needed when money is dirty. In this case, money is not dirty. Embezzlement is a stupid move on the part of any billionaires. They can collect management fees instead, and be safe.