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« CHART OF THE DAY: Fed's Balance Sheet Hits NEW RECORD $3 Trillion | Main | Three Year Old Girl Threatens To Kick North Korea's Ass »
Monday
Apr012013

PHOTO OF THE DAY: Goldman Sachs CDO Scam

Thai Gem Scam Vs. Goldman Sachs CDO Scam

By William Banzai7

The Thai gem scam involves layers of con men and helpers who tell a tourist in Bangkok of an opportunity to earn money by buying duty-free jewelry and having it shipped back to the tourist's home country.  The mark is driven around the city in a tuk-tuk operated by one of the con men, who ensures that the mark meets one helper after another, until the mark is persuaded to buy the jewelry from a store also operated by the swindlers.  The gems are real but significantly overpriced.  This scam has been operating for 20 years in Bangkok, and is said to be protected by Thai police and corrupt politicians.  A similar scam usually runs in parallel for custom-made suits.  Many tourists are hit by conmen touting both goods.

The CDO Scam involves layers of quant engineers, portfolio selection agents, rating agencies and investment bankers who tell visiting Dutch and German bankers in London and New York of an opportunity to earn money by buying synthetic CDOs (Q Bunk) and having it shipped back to their home country.  The mark is driven around the city in a Lincoln Town Car operated by one of the con men, who ensures that the mark meets one helper after another, until the mark is persuaded to buy the Q Bunk in an investment banking office also operated by the swindlers.  The Q Bunk is a real genuine synthetic CDO but grossly overpriced.  This scam has been operating for 10 years on Wall Street, and until recently was said to be protected by the FRB, SEC and corrupt politicians.  A similar scam usually runs in parallel for counterfeit suits, viagra and OTC derivatives.  Many visiting German and Dutch bankers are hit by Wall Street con men touting both goods. -- William Banzai7.

 

    

 

Earlier today:

Goldman Trader Faces Prison For Secret Position

 

 

Why Wind Power Won't Work - Great Photo

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Reader Comments (1)

The Free State wants to raise the gas tax to fund transportation projects.

http://www.freerepublic.com/focus/f-news/3002396/posts

The Free State has passed a tax for hard surfaces around our homes.

http://westminster.patch.com/articles/commissioners

The Free State has passed a new gun law that provides for the fingerprinting of people who purchase guns.

http://www.wypr.org/news/md-house-passes-tough-gun-control-measure-major-policy-victory-omalley


Please for the Love of GOD somebody on the outside world call for help. Un effin believable.

Someone call this man.

https://s14-us2.ixquick-proxy.com/do/spg/show_picture.pl?l=english&cat=pics&c=pf&q=dick+cheney&h=387&w=400&th=154&tw=160&fn=Dick-Cheney-1.jpg&fs=23 k&el=boss_pics_2&tu=http:%2F%2Fts3.mm.bing.net%2Fth%3Fid%3DH.4955796186073286%26pid%3D15.1%26H%3D154%26W%3D160&rl=NONE&u=http:%2F%2Fsatireworld.com%2Fus-news-headlines%2F201105161905%2Fex-vp-dick-cheney-shot-in-serious-hunting-accident%2F&udata=66918770e59c643a2423aa9bbf462aec&rid=LALNQPLMRRPM&oiu=http:%2F%2Fsatireworld.com%2Fwp-content%2Fuploads%2F2011%2F05%2FDick-Cheney-1.jpg

Tell him to invite this man to go hunting with him.

http://marylandreporter.com/wp-content/uploads/2011/11/Omalley-with-Diar-Bank.jp


Before the Free State turns into this.

http://www.prisonkey.org/Photo%20Gallery/images/Jessup%20Maryland%20State_jpg_jpg.jpg


Seriously HALP
Apr 4, 2013 at 10:29 PM | Unregistered CommenterSKINFLINT

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