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I am sure these companies are a massive money laundering operation. What does Solera even do or ever did? Prior to the acquisitions?

• blackhawkC17 3y ago
  Solera sold risk management and asset protection software. A company with $1bn+ in annual sales [1] is a money-laundering operation? Hint - Most ultra-rich people make their money in boring industries you wouldn't even know about. 1- https://www.macrotrends.net/stocks/delisted/SLH/solera-holdings/revenue https://www.macrotrends.net/stocks/delisted/SLH/solera-holdi...
  • ilrwbwrkhv 3y ago
    Most of these businesses are actually fronts. They siphon money from Africa and other third world countries with poor laws and wash it with money from private equity firms.
    • blackhawkC17 3y ago
      With all due respect, this is rubbish. Private equity LPs are overwhelmingly local pension funds, institutional investors, and high net worth individuals.