anything in safety deposit boxes? move it now!

Discussion in 'OT (OFF Topic) Forums' started by davethemus, Aug 12, 2011.

  1. davethemus

    davethemus Active Member

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    British government begins stealing its peoples’ bank deposits ahead of the global financial collapse. | PRESS Core – Evidentiary News, World News, Special Reports, Technology, Health, Videos, Polls, Free energy, Cures, War Crimes, Crime A


    The raid that rocked the Met: Why gun and drugs op on 6,717 safety deposit boxes could cost taxpayer a fortune | Mail Online



    On November 24, 2008, U.S. Republican Congressman Ron Paul (R-TX) wrote, “In bailing out failing companies, they are confiscating money from productive members of the economy and giving it to failing ones. By sustaining companies with obsolete or unsustainable business models, the government prevents their resources from being liquidated and made available to other companies that can put them to better, more productive use. An essential element of a healthy free market, is that both success and failure must be permitted to happen when they are earned. But instead with a bailout, the rewards are reversed – the proceeds from successful entities are given to failing ones. How this is supposed to be good for our economy is beyond me…. It won’t work. It can’t work… It is obvious to most Americans that we need to reject corporate cronyism, and allow the natural regulations and incentives of the free market to pick the winners and losers in our economy, not the whims of bureaucrats and politicians.”

    god damn looters
     
  2. MOCAŠ

    MOCAŠ MB Enthusiast

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    This is old news, and was much publicised at the time. Legitimate funds and belongings are safe - this was an attack on the proceeds of crime, and a very effective one too. For too long criminals have been able to use safety deoposit boxes to store their loot with impunity, including some very unsavoury material indeed. More power to the government's elbow on this.
     
  3. moonloops

    moonloops MB Enthusiast

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    How dumb do you have to be to believe anything on that website ??
     
  4. developer

    developer MB Enthusiast

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    I went out with a very chaste girl once - I'm not saying she was virtuous but she was knows as safety deposit box :eek:.
     
    Last edited: Aug 12, 2011
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  5. Satch

    Satch MB Enthusiast

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    Yes, that would be nice. But the reality is very different.

    Under the Proceeds of Crime Act 2002 (POCA), valuables and cash above £1,000 are presumed by the Police or HMRC to be the proceeds of crime, unless you can prove otherwise.

    So assume you are from a part of the community that is not in any way connected to crime but tends as a cultural matter to hold cash or gold. You have no evidential trail.

    Now go prove it is not the proceeds of crime

    Rize might have netting some criminals but is was, and is still is, an utter disgrace because a great number of innocent people have been swept up into it and cast into a nightmare.

    ".....even if the other 250 pending cases result in convictions, that still only brings the conviction rate to 10 per cent. Unsurprisingly, the seizure of the boxes has been challenged. There were two judicial reviews of Operation Rize: one by the law firm Lewis Nedas on behalf of its clients; the other on behalf of a Russian businessman, Alexander Temerko, who had fled Russia because his former boss Mikhail Khodorkovsky, head of Yukos Oil and once Russia's richest man, had been jailed by Putin for eight years. In both cases, the police settled and returned the property before the judicial reviews finished going through the courts. 'They didn't want their warrants being questioned,' says one of the lawyers.

    Most of the safe deposit customers have had to deal with, at best, endless bureaucracy: finding receipts for inherited jewellery and justifying cash. One family had to get its diamonds analysed to prove that they had been cut before 1939. 'The police wanted them to prove their story that they'd been smuggled out of Germany. It cost a great deal of money,' explains Mark Richards, also with Appleton Richardson & Co.

    In many cases, once the police had admitted the loot was not the proceeds of crime, they handed it over to the Inland Revenue. 'The second phase was all about money going to the Revenue. They were begging us to get our clients to let them keep the money and set it off against tax,' says Egan. 'We said if they wanted a loan, they could pay us five per cent. The Revenue opened an account so that clients could transfer money from their box directly to the Revenue. Sometimes the Met got heavy and said that if our clients didn't hand over the money they would prosecute.' In many cases, the Revenue is keeping the money on the grounds not only that tax is due on it, but also that the cash's owners must have been dodging taxes for years. 'They were told they'd just been unlucky getting caught this time,' says a lawyer. '£13 million has been returned to the public purse,' says Ponting. When contacted, the Revenue refused to comment. However, it denied that its officers were on a percentage incentive scheme for cash collection, although it did admit that successful officers get bonuses."


    Operation Rize - the inside story on the Met's biggest-ever sting | Life & Style
     
  6. grober

    grober MB Master

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    PRESS Core = Paranoid Central
     
  7. DrFeelgood

    DrFeelgood MB Enthusiast

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    I honestly don't think that most people would struggle to prove that belongings over £1k were not the Proceeds of crime. I exPect that a large Part of the decision would depend on how you live your life and present yourself.
     

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