They spent their loot on tattoos, fancy cars and strippers, the rest they just wasted...
Posted on 05/31/2007 7:03:04 PM PDT by RDTF
Cops in South Carolina have arrested five suspects in one major armored car robbery -- to the tune of nearly $10 million. But they say two other suspects are still on the run. Only one of them is older than 22, so what did they do with all that cash? They blew their loot on tattoos, fancy cars and strippers.
(Excerpt) Read more at amw.com ...
They spent their loot on tattoos, fancy cars and strippers, the rest they just wasted...
Just cut and peel the skin containing the tattoos. There might be some value if you frame it.
They're from New Orleans....same M/O as the "Katrina Victims".
from article:
The Spending Spree
So what do seven guys, six of whom are between the ages 19 and 22, do with nearly $10 million after a major armored car heist?
Police say they bought shoes, cars, tattoos, and went to strip clubs. Oh yeah, and of course they got their moms Mother’s Day presents. Mom must be proud.
Police say Dominique Blakney, Frierson, and Whitaker are all students at Benedict College. So much for a higher education.
If you know anything about Lyde or Benjamin’s whereabouts, you know what to do.
$10 Million? I must be missing something
Well, if you're going to be a robber you might as well
make it worth your while. Ten million is the right figure
for a would be robber to start and retire from a life of crime.
Rich strippers.
You’ve gotta be kidding me. Steal 10M and blow the cash in the open like that... my god how stupid these people are.
With that kind of money you buy a sail boat for cash and sail to BVI or something. Or you bury it and come back 3 years later to get it, and sail to BVI.
Knowing my luck, the navigation system would fail, sending me into the Bermuda Triangle, never to be seen right-side-out again.
Or as they say in England, “in for a penny, in for a pound”.
What or where is BVI?
British Virgin Islands. One of the tax-free zones, like Andorra, Lichtenstein, Gibraltar, Cyprus, Panama, Cayman Islands, etc.
That’s where the world’s affluent keep their money. Those small countries are nothing but tax havens for the rich. You set up a trust in one jurisdiction, that owns a corporation in a second jurisdiction, and open accounts using those company credentials in a third one. Use nominee structure for everything, and let’s just say it’s next to impossible to find out you have any money out there if you (break the law) and not report it. It’s done every day. And those jurisdictions make it impossible to be sued (for example, BVI requires 50k on deposit before you can even file a suit, and if the suit is dismissed as frivolous, they keep the 50k). And, being tax free zones, you don’t pay any taxes on any money that is made investment-wise. Only should you choose to move this money to the US you need worry about taxes.
This is why we need a national sales tax. When people use offshore corporations and trusts to hold their money tax free/deferred, we want to be able to tax them when they buy their multi-million dollar mansions. And that is fair tax.
I remember one of the largest armored car heists ever at the time occurred on the car carrying receipts from Aqueduct race track to the bank in Manhattan. Seems the driver and guard stopped at the same deli in Brooklyn for lunch every day on their way in. Talk about poor OPSEC. Didn’t take long for someone to notice.
It wasn’t an inside job, but it might as well have been. It was never clear to me whether or not the guards were authorized a lunch stop with a couple of mill in the truck.
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