Don_Dickle@lemmy.worldM to

Explain Like I'm Five@lemmy.worldEnglish · 1 month ago

ELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?

6

72

ELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?

Don_Dickle@lemmy.worldM to

Explain Like I'm Five@lemmy.worldEnglish · 1 month ago

6

Chat

humblebun@sh.itjust.works
link
fedilink
English
arrow-up
1·
1 month ago
Also the old fashioned olive oil scheme is still in use

Explain Like I'm Five@lemmy.world

explainlikeimfive@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !explainlikeimfive@lemmy.world

Simplifying Complexity, One Answer at a Time!

Rules

Be respectful and inclusive.
No harassment, hate speech, or trolling.
Engage in constructive discussions.
Share relevant content.
Follow guidelines and moderators’ instructions.
Use appropriate language and tone.
Report violations.
Foster a continuous learning environment.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

1 user / day
12 users / week
196 users / month
971 users / 6 months
1 local subscriber
14.3K subscribers
51 Posts
222 Comments
Modlog