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He did make the "classic, amateur, movie thief" mistakes of spending lavishly and stealing a large fraction of coins that couldn't be covered simply by driving
by 1letterunixname 3y ago
He did make the "classic, amateur, movie thief" mistakes of spending lavishly and stealing a large fraction of coins that couldn't be covered simply by driving a crappy '77 Chevy Malibu. (That was a particularly ugly car with bad paint. [0] My parents had a '78.)
This is the idiocy of committing various forms of graft or embezzlement in the Western world: the rewards are small and short-term compared to the nonzero legal and financial consequences of getting caught. It's that most people are bad at quantifying the probabilities and qualitatively assessing their risk exposure before they're caught and rationalizing they're different and somehow smarter than everyone else at all times. His theft didn't go unnoticed and they eventually had to hire a private detective
Even if someone could steal much quickly the equivalent of, say, a billion dollars without raising any suspicion or leaving any trace evidence and launder it covertly, the problem becomes there is no country to disappear to where the proceeds could be utilized and where property rights are respected: countries including Iceland, Switzerland, Ecuador, Cuba, Venezuela, Russia, Belarus, Afghanistan, Iraq, Iran, Qatar, Yemen, China, and DPRK will not help you. One could attempt to live openly, but they would find it difficult to launder their funds from nowhere into the legitimate banking world without inevitably raising suspicions or being caught through forensic accounting.
Therefore, a wise criminal™ is generally better off using legitimized means to facilitate large-scale wealth transfer from people and organizations that lack economic and political power using trickery, obfuscation, and complexity. Either that, or by creating genuine (or genuine-appearing) value and monetizing it well through work that doesn't involve criminality reduces the risk of ending up poor and/or in prison. Apart from specialized IP or knowledge work ability that can be productized as a startup, the areas of real estate, public markets, and fintech are the most obvious targets for non-lifestyle business models. Other non-/semi-lifestyle business models readily achievable by an individual is becoming a B2B supplier of high-value, high-margin specialized goods that present one or more barriers to entry, i.e., aircraft parts, nuclear energy parts, safety systems, or medical devices.
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