3 ms·
Without crypto, would it be impossible to extract cash from a company? What is the current mechanism used to get funds that the FBI can’t track down? Wire the m
by runawaybottle 5y ago
Without crypto, would it be impossible to extract cash from a company? What is the current mechanism used to get funds that the FBI can’t track down? Wire the money to a jurisdiction mostly out of our sphere of influence.
- enraged_camel 5y agoWire transfers themselves are straightforward to track, due to something called SWIFT. That’s one reason “money laundering” is a thing: it exists to obfuscate the trail of the money being traced.
- lurquer 5y agoMore difficult, but feasible. One way is to demand that a smaller amount of money be wired to 1,000 accounts throughout the world. You — the bad guy - own merely one of them. Difficult to trace them all before you empty your particular account.
- puranjay 5y agoBut then the amount would be 1/1000 and it wouldn’t be financially lucrative enough