Later On

A blog written for those whose interests more or less match mine.

Part 6 of “Where did the money go?”: Were paper losses the goal all along?

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David Dayen continues his interesting series of big-corporation criminality in The Intercept. The blurb for the latest installment:

If your goal is to launder money through a brokerage account, paper losses are worth serious money. Buying imaginary shares of a stock guaranteed to lose value is an awesome way to do that. You just need someone to set it up.

Written by LeisureGuy

27 September 2016 at 10:47 am

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