Cash machine blunders

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Orange Cola
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Re: Cash machine blunders

Post by Orange Cola » Sat Oct 05, 2019 10:32 pm

Remind me what it’s called when money is acquired illegally and handled in such a way that it’s very hard to trace and re-appears in a manner which appears to be legal?
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Rich B
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Re: Cash machine blunders

Post by Rich B » Sun Oct 06, 2019 9:41 am

Orange Cola wrote:
Sat Oct 05, 2019 9:31 pm
Rich B wrote:
Sat Oct 05, 2019 1:21 pm
I’m lost on this too - surely the point of laundering money is to get it into a clean account?
Person on benefits gets paid money into their account X day of the week/month. They owe some local gang money for drugs or whatever dodgy thing is going on. Or they’re just simply vulnerable in some way.

Gang use mules to withdraw the cash from the good bank accounts because they know there’s CCTV in use and the same person/gang members using the cash machine will quickly get linked and lifted to the ongoing crime. Once the gang has the cash out the machine they need to get it into another bank account, so the mule goes and pays it in there. The reason being they can’t do things like purchase a car with cash, or keep stacks of cash in their dodgy house either. The amount they’re ripping people off means they often have several ‘final’ bank accounts they pay into and they also move the money around these accounts.

If they took the money from the originating bank account by bank transfer then they’d be quickly caught if one of the vulnerable people raised it. By adding the step in of converting to cash and using other people to prevent their identities being found is the means of laundering it through.
why do the gangs use “mules” to take the money out of the Vulnerable people’s accounts? Surely the people who owe them just do it themselves and give them cash?

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 11:21 am

Presumably we’re talking about people who are housebound or elderly. The gangs take their cards to gain control of them and their money.

I can’t decide if you lot are being deliberately thick or are just obscenely naive.
Mo’ money, mo’ tard.

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JLv3.0
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Re: Cash machine blunders

Post by JLv3.0 » Sun Oct 06, 2019 11:40 am

The latter for me, it's not deliberate but oddly a career in project management, cost control and claims hasn't fully educated me on the nuances of money laundering. Mea culpa.

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Broccers
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Re: Cash machine blunders

Post by Broccers » Sun Oct 06, 2019 12:09 pm

You’d get people withdrawing cash from one account With a card from a different bank and walking into the branch and paying it straight back into another account insisting on seeing a cashier (as opposed to an automated paying in service which took at least a few days to process) so it cleared the same day. They’d then play the same routine at another bank as a way of laundering cash.

No mention of elderly or robbed cards Dave. Maybe you have some skill of seeing things that arent written :lol:

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Rich B
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Re: Cash machine blunders

Post by Rich B » Sun Oct 06, 2019 12:21 pm

NotoriousREV wrote:
Sun Oct 06, 2019 11:21 am
Presumably we’re talking about people who are housebound or elderly. The gangs take their cards to gain control of them and their money.

I can’t decide if you lot are being deliberately thick or are just obscenely naive.
Loads of these housebound elderly people owing gangs for drugs!

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 12:26 pm

Ah, so it’s naïveté, then.
Mo’ money, mo’ tard.

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 12:29 pm

Rich B wrote:
Sun Oct 06, 2019 12:21 pm
NotoriousREV wrote:
Sun Oct 06, 2019 11:21 am
Presumably we’re talking about people who are housebound or elderly. The gangs take their cards to gain control of them and their money.

I can’t decide if you lot are being deliberately thick or are just obscenely naive.
Loads of these housebound elderly people owing gangs for drugs!
Who mentioned drugs? Sometimes it’s loan sharks. Other times it’s just gangs moving in on people who are alone and vulnerable. They take over these people’s homes on the basis of helping them out, but it’s all to take advantage. They’ll take their cards to “get some shopping in” and never give it back. They use their homes to stash stolen goods, hide drugs, take drugs. They get a regular pension and/or other benefits that get stolen.
Last edited by NotoriousREV on Sun Oct 06, 2019 12:31 pm, edited 1 time in total.
Mo’ money, mo’ tard.

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 12:30 pm

Broccers wrote:
Sun Oct 06, 2019 12:09 pm
You’d get people withdrawing cash from one account With a card from a different bank and walking into the branch and paying it straight back into another account insisting on seeing a cashier (as opposed to an automated paying in service which took at least a few days to process) so it cleared the same day. They’d then play the same routine at another bank as a way of laundering cash.

No mention of elderly or robbed cards Dave. Maybe you have some skill of seeing things that arent written :lol:
I’ve seen what some of these horrible bastards are capable of.
Mo’ money, mo’ tard.

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Rich B
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Re: Cash machine blunders

Post by Rich B » Sun Oct 06, 2019 12:39 pm

NotoriousREV wrote:
Sun Oct 06, 2019 12:29 pm
Rich B wrote:
Sun Oct 06, 2019 12:21 pm
NotoriousREV wrote:
Sun Oct 06, 2019 11:21 am
Presumably we’re talking about people who are housebound or elderly. The gangs take their cards to gain control of them and their money.

I can’t decide if you lot are being deliberately thick or are just obscenely naive.
Loads of these housebound elderly people owing gangs for drugs!
Who mentioned drugs?
Orange Cola.

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 12:41 pm

https://www.bbc.co.uk/news/av/uk-englan ... vulnerable

https://www.oxfordmail.co.uk/news/15615 ... nd-barton/

https://www.theguardian.com/society/201 ... ngs-cuckoo

https://news.sky.com/story/drug-dealers ... e-10377750

There you go Rich, the elderly and vulnerable ARE being targeted by drugs gangs.

What is it, exactly, that’s driving you all to deny the problem described by OC exists? Is it fear? I don’t get it.
Mo’ money, mo’ tard.

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Rich B
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Re: Cash machine blunders

Post by Rich B » Sun Oct 06, 2019 12:45 pm

It still doesn’t sound much like money laundering? It’s just theft.
Last edited by Rich B on Sun Oct 06, 2019 12:47 pm, edited 1 time in total.

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Rich B
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Re: Cash machine blunders

Post by Rich B » Sun Oct 06, 2019 12:45 pm

And calm down Rev.

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JLv3.0
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Re: Cash machine blunders

Post by JLv3.0 » Sun Oct 06, 2019 12:48 pm

#becauseDave'sDailyTrigger

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 12:49 pm

I’m not triggered in the slightest. Come on, answer the question: why are you all falling over yourselves to deny it’s happening?
Mo’ money, mo’ tard.

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JLv3.0
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Re: Cash machine blunders

Post by JLv3.0 » Sun Oct 06, 2019 12:55 pm

Probably because we have jobs Dave and aren't really that invested in this thread :lol:

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 12:56 pm

Rich B wrote:
Sun Oct 06, 2019 12:45 pm
It still doesn’t sound much like money laundering? It’s just theft.
Theft followed by paying the money into a clean account, which would be called..?
Mo’ money, mo’ tard.

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Rich B
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Re: Cash machine blunders

Post by Rich B » Sun Oct 06, 2019 12:58 pm

It is happening. It is awful. End of.

Is it money laundering?

Discuss.

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 12:58 pm

JLv3.0 wrote:
Sun Oct 06, 2019 12:55 pm
Probably because we have jobs Dave and aren't really that invested in this thread :lol:
You’ve answered more about this than anyone else on this thread, you thick cunt. Does that make you triggered? What about Rich, is he triggered? Or Jobbo? All getting to share your opinion, but as soon as it’s challenged and you’re shown to be wrong you pull the “triggered” card. What a load of bollocks.
Mo’ money, mo’ tard.

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NotoriousREV
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Re: Cash machine blunders

Post by NotoriousREV » Sun Oct 06, 2019 12:59 pm

Rich B wrote:
Sun Oct 06, 2019 12:58 pm
It is happening. It is awful. End of.

Is it money laundering?

Discuss.
When they use other clean accounts to filter the money through, yes, it’s money laundering.

Scrote A takes cash out of an account at an ATM, which will be captured on cctv. He passes the cash to Scrote B somewhere he can’t be seen. Scrote B pays money into a different clean account. The money can’t be linked between the 2 scrotes and is therefore now laundered.
Mo’ money, mo’ tard.

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