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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 peo
by 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 agoMost 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 agoWith all due respect, this is rubbish. Private equity LPs are overwhelmingly local pension funds, institutional investors, and high net worth individuals.