ELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?

Don_Dickle@lemmy.world · 1 month ago

ELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?

humblebun · 1 month ago

Also the old fashioned olive oil scheme is still in use

Fonzie!@ttrpg.network · 1 month ago

I can’t find anything about it except fake olive oil sale.

Do you have any sources?

Highstronaught@feddit.uk · 1 month ago

I think this might be what they are talking about. Brilliant video, the story just builds and builds and builds. https://youtu.be/K4yCXIZ32lk

Fonzie!@ttrpg.network · edit-2 19 days ago

Oh cool, thanks!

EDIT Oh that’s two hours, yeah sorry if that’s lazy but I’m not going to watch a 2 hour video for a reference (and I’m too deaf to be able to follow this as a podcast). Thanks anyway!