It has all the elements of a Hollywood heist movie: A well-known jeweler-to-the-stars and his shady accomplice. A risky gambit to exploit a banking loophole. Inside help from a high-ranking official. A $2 billion swindle. And the whole house of cards crashing down in spectacular, front-page fashion. But here’s the Bollywood twist: The well-known jeweler Read More…
Tag: bank
The Confiscation Scheme
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford It seems that the confiscation of deposited funds in Cyprus banks was not an isolated event, but rather a glimpse of Read More…