this post was submitted on 20 Oct 2024
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Explain Like I'm Five

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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? (self.explainlikeimfive)
submitted 2 months ago by Don_Dickle to c/explainlikeimfive
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[–] [email protected] 0 points 2 months ago (1 children)

Also the old fashioned olive oil scheme is still in use

[–] [email protected] 1 points 2 months ago (1 children)

I can't find anything about it except fake olive oil sale.

Do you have any sources?

[–] [email protected] 1 points 1 month ago (1 children)

I think this might be what they are talking about. Brilliant video, the story just builds and builds and builds. https://youtu.be/K4yCXIZ32lk

[–] [email protected] 1 points 1 month ago* (last edited 1 month ago)

Oh cool, thanks!

EDIT Oh that's two hours, yeah sorry if that's lazy but I'm not going to watch a 2 hour video for a reference (and I'm too deaf to be able to follow this as a podcast). Thanks anyway!