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How to Hide $400 Million

When a wealthy businessman set out to divorce his wife, their fortune vanished. The quest to find it would reveal the depths of an offshore financial system bigger than the U.S. economy.

Click to view the original at nytimes.com

Hasnain says:

Really interesting read on the 1%, how they transcend countries, divorces, hiding money, and offshore tax evasion.

Also ... malware and shitty internet businesses are quite profitable it seems.

"Xacti, which came to enfold most of their ventures, sold banner ads, video games and various other kinds of software, including “toolbars” that promised to clean viruses off your computer or free up space on your hard drive. The businesses threw off enormous amounts of cash, and by the mid-2000s, Oesterlund and his wife had become wildly rich. They bought a $5 million house back in Finland and their first yacht, a 48-foot cruiser."

Posted on 2016-12-02T07:01:30+0000