this post was submitted on 12 Jan 2025
413 points (94.0% liked)
Progressive Politics
1260 readers
652 users here now
Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)
(Sidebar still a work in progress post recommendations if you have them such as reading lists)
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I mean no, it doesn't, youre right.
Declaring income would be what most of those charities ans whatnot would prolly need to do somewhere at least. So I find this story dubious.
At the same time though, it is technically possible for him to have put money on crypto and email someone the keys to the wallets.
Even so, all reputable charities have a way to do honest accounting with rich anonymous donors or else that would be a real easy way to wash dirty money.
Yeah my point exactly.
But if this guy wasn't concerned about washing it and thought to leave that to the charities idk. He was a hacker, not an accountant for a cartel, so can't expect much.
But yeah giving away billions of stolen money would be a lot harder than some in the thread seem to think it is. I mean, technically you can give it via crypto but is it then of use is an other question
Wouldn't turning it into cash in separate transactions over some time and then paying it in via proxy be enough to make it untraceable from him? If you knew which charities, I think you'd still be able to track it down, but done that way this is also untraceable.
We're talking about billions. If he was converting $100,000 of that $4b per day, he'd clean his money in.... about 109 years.