| Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum. |
 | 
09-29-2017, 08:04 AM
|
#1 | | Need my Daily Fix of RS
Join Date: Feb 2017 Location: VAN604
Posts: 256
Thanked 690 Times in 130 Posts
Failed 14 Times in 5 Posts
| How B.C. casinos are used to launder millions in drug cash
This is a very well written article, and highlights what probably alot of us already knew but couldn't confirm. Glad to see the proper official authorities are doing something about this. Exclusive: How B.C. casinos are used to launder millions in drug cash | Vancouver Sun | 
|  | |
09-29-2017, 08:08 AM
|
#2 | | Rs has made me the woman i am today!
Join Date: Jan 2012 Location: PENIS
Posts: 4,379
Thanked 4,218 Times in 1,334 Posts
Failed 298 Times in 126 Posts
|
inb4 NDP realizes its a win win situation for all
__________________ There's a phallic symbol infront of my car Quote: |
MG1: in fact, a new term needs to make its way into the American dictionary. Trump............ he's such a "Trump" = ultimate insult. Like, "yray, you're such a trump."
| bcrdukes yray fucked bcrdukes up the nose
dapperfied yraisis
dapperfied yray so waisis
FastAnna you literally talk out your ass
FastAnna i really cant
FastAnna yray i cant stand you
| |
| | |
09-29-2017, 08:27 AM
|
#3 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2010 Location: Vancouver
Posts: 9,702
Thanked 3,853 Times in 1,894 Posts
Failed 694 Times in 218 Posts
|
-good insight from this article.
Part of the boom in Lower Mainland real estate prices is from Chinese organized crime syndicates laundering their dirty money here.
-always knew in the back of my mind that this stuff has been happening here for a long time.
100% confirmed by the RCMP.
BC = Bring Cash, including drug money. 
__________________
Go Canucks go!
| |
| | |
09-29-2017, 08:29 AM
|
#4 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2011 Location: Richmond
Posts: 8,460
Thanked 14,929 Times in 3,898 Posts
Failed 471 Times in 216 Posts
|
Interesting story but I hate the way that article was written
| |
| | |
09-29-2017, 08:42 AM
|
#5 | | Rs has made me the woman i am today!
Join Date: Jan 2012 Location: PENIS
Posts: 4,379
Thanked 4,218 Times in 1,334 Posts
Failed 298 Times in 126 Posts
| Quote:
Originally Posted by pastarocket  -good insight from this article.
Part of the boom in Lower Mainland real estate prices is from Chinese organized crime syndicates laundering their dirty money here. | Jokes on you, its corruption moneh 
__________________ There's a phallic symbol infront of my car Quote: |
MG1: in fact, a new term needs to make its way into the American dictionary. Trump............ he's such a "Trump" = ultimate insult. Like, "yray, you're such a trump."
| bcrdukes yray fucked bcrdukes up the nose
dapperfied yraisis
dapperfied yray so waisis
FastAnna you literally talk out your ass
FastAnna i really cant
FastAnna yray i cant stand you
| |
| | |
09-29-2017, 08:47 AM
|
#6 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2010 Location: Vancouver
Posts: 9,702
Thanked 3,853 Times in 1,894 Posts
Failed 694 Times in 218 Posts
| Quote:
Originally Posted by yray Jokes on you, its corruption moneh | It's more than just money from Chinese government officials taking bribes from business people.
I'm sure that Chinese triads are making it rain from their drug dealing and other illicit activity.
It's not just international students here who have the money to buy exotic cars and live in multi million dollar homes. 
__________________
Go Canucks go!
| |
| | |
09-29-2017, 09:01 AM
|
#7 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Jun 2013 Location: Van
Posts: 1,805
Thanked 1,731 Times in 649 Posts
Failed 104 Times in 37 Posts
| Quote:
Originally Posted by pastarocket -good insight from this article.
Part of the boom in Lower Mainland real estate prices is from Chinese organized crime syndicates laundering their dirty money here.
-always knew in the back of my mind that this stuff has been happening here for a long time.
100% confirmed by the RCMP.
BC = Bring Cash, including drug money. | Yeah, no doubt. I work near Coal Harbour and an entire apartment complex is god damn empty nearly all times of the year and these aren't $500K single bedroom + den. these are like $1.6 million units. You can bet your ass that these are just placed there to hold dirty money.
I never once had a doubt that casinos launder money like its no one's business.
If anyone's ever taken those mandatory anti-money laundering training at work, you realize how much of a joke FINTRAC is and how behind the times it is.
| |
| | |
09-29-2017, 09:13 AM
|
#8 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 38,352
Thanked 15,341 Times in 6,184 Posts
Failed 2,101 Times in 711 Posts
|
Dont know if its mentioned in that article but on the radio theyve been saying that in July alone last year, 13 million in $20 bills were brought into RiverRock
__________________
Dank memes cant melt steel beams
| |
| | |
09-29-2017, 09:16 AM
|
#9 | | RS has made me the bitter person i am today!
Join Date: Apr 2001 Location: Vancouver
Posts: 4,800
Thanked 2,979 Times in 776 Posts
Failed 372 Times in 98 Posts
|
FYI
PARQvancouver casino grand opening tomorrow.
not sure about that chrome winnie da pooh up front but hey, brand new money laundering casino!
| |
| | |
09-29-2017, 09:44 AM
|
#10 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Jun 2013 Location: Van
Posts: 1,805
Thanked 1,731 Times in 649 Posts
Failed 104 Times in 37 Posts
| Quote:
Originally Posted by Hondaracer Dont know if its mentioned in that article but on the radio theyve been saying that in July alone last year, 13 million in $20 bills were brought into RiverRock | $13,000,000/$20 Bills = 650,000 bills
650,000 bills * 0.93 grams/bill = 604,500g or 604.5kg of bills. 
Except with conversion and only $20 denominations, 604.5kg of money isn't worth near the Walter White money bed. Was the height of walter's wealth like 80 million? can't remember he had like 8 barrels of money worth around 9-10 million each
Damn i want a solid money bed.
| |
| | |
09-29-2017, 12:31 PM
|
#11 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2002 Location: Vancouver
Posts: 8,371
Thanked 3,996 Times in 1,544 Posts
Failed 35 Times in 27 Posts
|
Glad to see some media coverage of this. But are people really trying to blame Vancouver's real estate issues on this? It doesn't really sound like this one company is laundering that much money (I'm talking enough to make an economical change). How many of these businesses are out there?
__________________
Crush - 1971 Datsun 240z - Build Thread
The Daily - Rav4 V6 - “Goldilocks”
| |
| | |
09-29-2017, 01:03 PM
|
#12 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,966
Thanked 9,680 Times in 4,224 Posts
Failed 430 Times in 228 Posts
| Quote:
Originally Posted by hud 91gt Glad to see some media coverage of this. But are people really trying to blame Vancouver's real estate issues on this? It doesn't really sound like this one company is laundering that much money (I'm talking enough to make an economical change). How many of these businesses are out there? | I only read the first bit of the article, but it said the one is ~$500 million. Even if they put all of it into Vancouver real estate, there's no way they'd even make a dent. At $1 million/property that's 500 properties, and there's currently over 2000 $1M+ properties currently for sale in Vancouver alone. When I zoomed out to the whole GVRD it hit 8000. Obviously I'm oversimplifying things here but buying 500 of those 8000 properties all at once is still only 6% of the current market aka sweet crap all. So unless there are a frighteningly large number of these operations going on and they're all buying real estate in the same place it's not even a blip.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
| | |
09-29-2017, 01:53 PM
|
#13 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
Posts: 5,071
Thanked 2,600 Times in 1,175 Posts
Failed 81 Times in 54 Posts
|
It was an interesting story, but really just pointing out the obvious.
Even if a link can be made between the impact of money laundering and the real estate market, the damage has already been done, as the author implies at the end of the article. The government cannot seize assets that are not directly related to the proceeds of crime.
| |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 01:21 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
