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Old 04-07-2016, 01:03 AM
russian heel is offline
Join Date: Jun 2013
Posts: 1,814

How do you launder stolen bonds?

From this story:

And I've heard of large stashes of securities, bonds, treasury bonds etc non cash items being stolen at gunpoint, then magically laundered by the thieves.

I dont see bonds or security notes the same as cash. Its kinda hard to tell everyone in the world "DONT ACCEPT any $100 BILLS---we just had $50 million worth of them stolen!"

But surely, within less than an hour, you can get the alert out that documents representing securities or bonds were stolen, wont be accepted, and replacements will be issued, no? Yet, even in the article, it seems even months after the heist, there were still suckers willing to buy the stolen bonds. Is there no alert system in place?

For instance, if you rob a bank, and a month later use a stolen $100 bill to buy something from my place of business, I wouldn't think twice about it; a month after a bank issued a notice about their bonds getting stolen, and you try and sell me a bond from that bank, Id be raising an eyebrow.

Or do these thieves manage to move the notes into the market so fast, that the last to hold them before the bank issues a notice the suckers? But then, how do they circulate so fast?

Last edited by russian heel; 04-07-2016 at 01:07 AM.


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