Who would have thought it? The UK has withdrawn
the 500 Euro
note after an investigation by SOCA
discovered that 90% of the notes in circulation were linked to crime. Nicknames the ‘Bin Laden
’ (you know its out there somewhere) the purple note worth $630 is a favourite of the criminally minded due to its ultra-portability and acceptance throughout mainland Europe. Drug investigations
in Latin America time and time again turn up large amounts of currency in this form. According
to Columbian financial regulators 234K Euros was legally imported and declared into the country but trails of 600M Euros being exported were discovered. Whilst money laundering and fraud relating to the Euro is nothing
new the decision to put into circulation such a high note must now be being questioned at the highest levels.
posted by numberstation
on May 13, 2010 -
was one of the high society news makers in the 80's, considered by some to be on Donald Trump's level. While things have gone alright for the Donald, Khashoggi hasn't done as well... [more inside]
posted by reenum
on Dec 14, 2009 -
Enron's historical precidents.
This L.A. Times article discusses the historical precidents to the Enron debacle. My favorite (among lots of good stuff):
"Like Enron, ITT was a big campaign contributor. But Geneen's idea of how to use political influence made Lay and associates look like choir boys. In 1970, the company offered Republicans $1 million and consulted heavily with the Nixon White House and the CIA when Chile's new socialist president, Salvador Allende, threatened to seize the ITT-owned Chilean Telephone Co. Allende was overthrown with U.S. aid."
posted by electro
on Feb 22, 2002 -