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50s
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« on: March 18, 2011, 06:15:09 PM » |
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I wonder how much of this is going on? For example, in Australia, collectables purchased for under $500 attract no taxes when sold. What if: - someone buys a reprint/portal off ebay for under $500. The eBay listing is not described as a reprint & the poster looks real. - then they also bought the real poster with a stash of cash. In x years when selling the real poster, the tax office ask questions, they point to the ebay sale being under $500. Of course this is illegal, so I am not advising doing this. What made me ask this I guess is maybe those ebay sellers who choose not to change their listings when advised of the reprint are not doing it just to ensure a higher selling price but are part of a larger scam!!! Haha... The other forum posts are all sounding a bit the same so thought I'll throw in this one. I also have a cold so my head is all screwed up and I just woke up thinking it. |
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Steve
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bondposters.com
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« Reply #1 on: March 18, 2011, 06:57:05 PM » |
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I bet it does go on.
It is interesting when sellers do not change or add to their listings when a particular item is a reprint or wrongly described.
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Disheveledamethyst
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« Reply #2 on: March 18, 2011, 07:09:30 PM » |
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I'm afraid I'm a bit confused. What does tying up all of your money in posters do?
I'm usually able to understand this kind of stuff but this one is going over my head.
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Always looking for AUS Empire Strikes Back 1-Sheet/Daybill or an A1 JP version.
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bondposters.com
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« Reply #3 on: March 18, 2011, 07:22:27 PM » |
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I'm afraid I'm a bit confused. What does tying up all of your money in posters do?
I'm usually able to understand this kind of stuff but this one is going over my head.
It's where the investment side of it comes into play, mate. |
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50s
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« Reply #4 on: March 18, 2011, 07:38:13 PM » |
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As an example: Cash is in another country. If that cash is brought into this country & the person knows the government will then want unpaid taxes resulting from bringing it in (could be due to many reasons), and if he was BAD, that person may consider money laundering.
In the first post I made at top of thread, think of the person converting his pile of cash into a $$$ poster in the foreign country and sending the poster to this country. Then selling it in this country as a collectible, tax free.
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Steve
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brude
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« Reply #5 on: March 18, 2011, 08:27:06 PM » |
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Steve, did I hear you say that you just woke up thinking about this?
This poster-collecting disease is really something.
It even permeates our sleep.
Egad!
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Ari
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« Reply #6 on: March 18, 2011, 08:46:21 PM » |
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I imagine it could happen, but there are better things to use than posters. Things that sell easy for CASH. people might know what I did for a living the last 10 years and take a guess. Not that I personally ever laundered money, I never had any. But things that are small, easy to post, and cashable on any given day, with dealers working on a very small margin, would work better than posters that you could be stuck without a buyer for years.
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Private email 29/4/2011 "I'll shove a Locaninda Snipe Remover so hard up your rectum you won't be able to sit for a week."
"Ari, thanks for the feedback but you really are the last person I'd be involved with in this venture, but I'm sure you already know this and feel the same.
This is the first time I've seen you post on mopo since you last made a fool of yourself with absolute dribble."
Andy Neal
Wed, 03 Feb 2010 3
You Ari, are the only one in the whole world I like that eats offal, misses his dead rat carcasses, draws women on walls with skin peeling off of them and keeps a meat cleaver by his bed.
Steve 50's 24th April 2012
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50s
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« Reply #7 on: March 18, 2011, 09:32:54 PM » |
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Steve, did I hear you say that you just woke up thinking about this?
This poster-collecting disease is really something.
It even permeates our sleep.
Egad!
Of course! I enjoy thinking of posters in bed  |
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Steve
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CSM
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« Reply #8 on: March 18, 2011, 09:39:28 PM » |
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Steve, did I hear you say that you just woke up thinking about this?
This poster-collecting disease is really something.
It even permeates our sleep.
Egad!
 But we are all down with the sickness! |
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Chris
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CSM
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« Reply #9 on: March 18, 2011, 09:40:17 PM » |
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Of course! I enjoy thinking of posters in bed Now that is an awesome emoticon! We need to add it to the availables - Ted can you do this? |
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Chris
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50s
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« Reply #10 on: March 18, 2011, 09:48:21 PM » |
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I just modified the icon so the poster has darker edges (may need to refresh your browser to reload it)
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Steve
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brude
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« Reply #11 on: March 18, 2011, 09:54:07 PM » |
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Now that is an awesome emoticon! We need to add it to the availables - Ted can you do this?
 Jeezum crow, man, this sounds like a job for Holiday! Hey, HOLIDAY...you out there? Great emoticon, Steve. |
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CSM
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« Reply #12 on: March 18, 2011, 10:27:35 PM » |
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That emoticon could get me in trouble with the wife!
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Chris
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MoviePosterBid.com
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« Reply #13 on: March 19, 2011, 04:13:40 AM » |
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Steve, this is how money laundering works:
you have $20,000,000 in a foreign bank, it's invisible money because it was a corporate payoff to you for helping Exxon get an oil contract in Libya. So this cash sits in a bank in the Cayman islands under a fictitious business name. The fictitious business - under the guise of actually doing business - buys 100 Mercedes. Because what they're trying to do is get the money "home", they import them back to Australia to be sold at their Australian counterpart of their fictitious Caymans corporation. They bought the Mercedes at wholesale, paid appropriate duties, and sold these cars at their various dealerships at cut-rate prices, but not low enough for their competitors to claim anti-competitive schemes - which of course, draw scrutiny. They don't want scrutiny, so they just become the cheapest discounter in the state, but only by a little bit. Then after selling all the cars - at a profit - they pay all the costs of doing business and employee salaries, then the comspirators start taking larger portions of the profits than they should, ultimately taking away from the principal until they wind down the business in what seems to be a honest bankruptcy. They now have their 20mil
of course, we must also remember that usually when you launder money, you expect to lose some in conversion, so maybe you only expect to wind up with $15m or even just $10m, but who cares? you have $10mil.
Rarely do launderers expect to make a profit.. they just want to get what it's possibel for them to get home, under the radar
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MoviePosterBid.com
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« Reply #14 on: March 19, 2011, 04:18:50 AM » |
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by the way.. about 10 years or so ago, a guy who was embezzling money was spending it on comics & comic art. I never met or spoke to or sold him anything - probably because I didn't sell contemporary material, and I was winding down when he came around, but I know people who did sell him alot of stuff
and they all suspected something was wrong.
anyway, he was eventually caught and the IRS seized his collection of comics (I don't think they found any art). It was auctioned off and became known as "The IRS Collection".
so he was laundering the money into comics, but embezzlers are almost always doomed to be caught, so he was only going to one eventual destination.
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bondposters.com
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« Reply #15 on: March 19, 2011, 09:05:23 AM » |
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Wow - that comic book guy - sounds like an interesting story, Rich!
Any other info on that?
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Dr Hackenbush
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« Reply #16 on: March 19, 2011, 10:04:34 AM » |
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Wow - that comic book guy - sounds like an interesting story, Rich!
Any other info on that?
IRS collection. More recently a top comic dealer/collector was disbarred for stealing money from clients (including an elderly woman) to fund his collection. Here is the disbarment filing for anyone that wishes to read lawyer speak |
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--Angelo
"We are all ho's" - Holiday
"Duckies and bunnies, everyone" - archie leach
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bondposters.com
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« Reply #17 on: March 19, 2011, 10:15:35 AM » |
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Cheers, Angelo!
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brude
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« Reply #18 on: March 19, 2011, 11:40:03 AM » |
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Now that is an awesome emoticon! We need to add it to the availables - Ted can you do this?
Mr.Holiday is the "Magic Man." Check it out, he added Steve's 'poster love' emoticon to the menu. Thanks Holiday! |
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bondposters.com
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« Reply #19 on: March 19, 2011, 11:48:05 AM » |
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Mr.Holiday is the "Magic Man."
Check it out, he added Steve's 'poster love' emoticon to the menu.
Thanks Holiday!
Brilliant! bed |
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CSM
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« Reply #20 on: March 19, 2011, 12:43:22 PM » |
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Mr.Holiday is the "Magic Man."
Check it out, he added Steve's 'poster love' emoticon to the menu.
Thanks Holiday!
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Chris
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