4 ms·

If I understood the figures I looked up correctly, she had about 8% of the entire printed/minted Vietnamese Dong currency in her basement (1,352,910 Billion VND

by eco 2y ago

If I understood the figures I looked up correctly, she had about 8% of the entire printed/minted Vietnamese Dong currency in her basement (1,352,910 Billion VND in circulation).

throwoutway 2y ago
There's a certain point between $5M and 4B where I wold just get out of dodge and buy a new identity.
- nguyenkien 2y ago
  She did try to renounce nationality
- djtango 2y ago
  5M (truthfully its probably a lot less) is about the number where it gets hard to participate with the rest of the world without leaving behind a easy to follow trail. Buying a house needs a bank account and other things and then someone in the chain eventually asks "where did you get this money?" and unless your answer is "I have owned these sweet shops in central London and empty takeaway restaurants for decades and they unfortunately only deal in cash" then someone will catch you.
  - hinkley 2y ago
    Run a bar for a few years.
    - lostlogin 2y ago
      That’s where I got my first 4 billion too!
      - hinkley 2y ago
        My head cannon is that Cristal exists only for money laundering.
  - tim333 2y ago
    Many are the ways of money laundering. $5m is small change. A popular thing for Vietnamese is just sell some property unofficially offshore. Russians buy houses in Cyprus. A lot of high end houses in London are owned by iffy money.
  - nicolas_t 2y ago
    Once you reach a certain amount, there are plenty of advisers and ways to launder money. There’s more than a few wealthy former corrupt officials having a nice comfortable life in countries in south america or countries like Malta, cyprus etc… It’s harder if you don’t have much money (used to be relatively easy with a low amount of money but the oecd has been very efficient at tightening things for people with less than a few millions)
  - stormfather 2y ago
    If you treated it like a full time for a year I'm sure you could clean the money though. Especially if you want to retire to a less developed country. Just open a low cost of entry business that accepts cash, and scale up from there.
- m000 2y ago
  You need to stave off greed and the feeling of invincibility to get there. Which she obviously failed.
huytersd 2y ago
Holy shit. Now that’s a statistic. That’s a country of a 100 million people.

by eco 2y ago

If I understood the figures I looked up correctly, she had about 8% of the entire printed/minted Vietnamese Dong currency in her basement (1,352,910 Billion VND in circulation).

throwoutway 2y ago

There's a certain point between $5M and 4B where I wold just get out of dodge and buy a new identity.

nguyenkien 2y ago
She did try to renounce nationality
djtango 2y ago
5M (truthfully its probably a lot less) is about the number where it gets hard to participate with the rest of the world without leaving behind a easy to follow trail. Buying a house needs a bank account and other things and then someone in the chain eventually asks "where did you get this money?" and unless your answer is "I have owned these sweet shops in central London and empty takeaway restaurants for decades and they unfortunately only deal in cash" then someone will catch you.
- hinkley 2y ago
  Run a bar for a few years.
  - lostlogin 2y ago
    That’s where I got my first 4 billion too!
    - hinkley 2y ago
      My head cannon is that Cristal exists only for money laundering.
- tim333 2y ago
  Many are the ways of money laundering. $5m is small change. A popular thing for Vietnamese is just sell some property unofficially offshore. Russians buy houses in Cyprus. A lot of high end houses in London are owned by iffy money.
- nicolas_t 2y ago
  Once you reach a certain amount, there are plenty of advisers and ways to launder money. There’s more than a few wealthy former corrupt officials having a nice comfortable life in countries in south america or countries like Malta, cyprus etc… It’s harder if you don’t have much money (used to be relatively easy with a low amount of money but the oecd has been very efficient at tightening things for people with less than a few millions)
- stormfather 2y ago
  If you treated it like a full time for a year I'm sure you could clean the money though. Especially if you want to retire to a less developed country. Just open a low cost of entry business that accepts cash, and scale up from there.
m000 2y ago
You need to stave off greed and the feeling of invincibility to get there. Which she obviously failed.

huytersd 2y ago

Holy shit. Now that’s a statistic. That’s a country of a 100 million people.