Offshore Banking..What you should KNOW - GoFuckYourself.com

freeme · 03-05-2003, 06:59 AM

http://www.bradenton.com/mld/bradent...al/2949078.htm

IRS probes offshore credit card accounts
MIMI WHITEFIELD
Knight Ridder Newspapers

In a broadening investigation of tax cheats, the Internal Revenue Service said this week that MasterCard has turned over records from more than 230,000 credit card accounts issued by offshore banks, enabling it to develop hundreds of cases for civil audits or possible criminal investigations.

Visa and American Express may not be far behind.

The investigation is part of a massive crackdown that began in October 2000 to track down taxpayers who are using offshore banks to hide assets from the U.S. tax collector. The IRS estimates there may be as many as one million to two million U.S. citizens holding debit or credit cards issued by offshore banks.

Among the people IRS investigators found using the offshore MasterCards: executives of publicly held companies, doctors, lawyers, business owners, investment professionals, promoters of tax shelters and the author of several books on offshore tax havens.

While it is not illegal for a U.S. taxpayer to have an offshore bank account, create an offshore corporation or hold a credit card issued by an offshore bank, U.S. tax obligations still must be paid.

The IRS initially sought records from MasterCard International and American Express on account holders whose cards were issued by banks in the Bahamas, Antigua and Barbuda, and the Cayman Islands.

MasterCard complied with the request by producing an electronic database that contained more than 1.7 million transaction records.

KRL · 03-05-2003, 07:01 AM

That's old news. They are going after the sports gamblers who used offshore CC cards to hide their winnings.

[Labret] · 03-05-2003, 07:03 AM

Uhm, so dont use a Visa or Mastercard.

The card ******s are narcing you off, not the banks.

freeme · 03-05-2003, 07:12 AM

http://seattlepi.nwsource.com/busine...ummons20.shtml

and yes labret your right!!!

companies like Yambo.biz will take your money upfront to open an account and let you take a chance with the feds

This isnt old news. The article is old. You dont think that with the increase of illegal funds transfered by terrorists via CC they arnt going to crack down on everything?

then they take EVERYTHING you own

why??

because they CAN!!!

TIMZIM · 03-05-2003, 07:51 AM

Quote:

Originally posted by KRL
That's old news. They are going after the sports gamblers who used offshore CC cards to hide their winnings.

Sure you have to pay taxes on gambling winnings ??

Nydahl · 03-05-2003, 08:07 AM

just buy some off shore passport and you are ok

freeme · 03-05-2003, 08:17 AM

I called a friend that works at the IRS and here is what she would tell me...

That CURRENTLY there is an open investigation of Yambo.biz

she wouldnt tell me for what (she cant) BUT she did tell me that there have been alot of complaints filed in the last 45 days which is what prompted the opening of the investigation

i dont know what alot is but becareful...

Obviously the IRS aka BigBrother is watching them

Serge_Oprano · 03-05-2003, 09:16 AM

freeme,
in Russia,
investigative reporters are usualy get shot....
;-)))

Nydahl · 03-05-2003, 09:25 AM

Quote:

Originally posted by freeme
I called a friend that works at the IRS and here is what she would tell me...

That CURRENTLY there is an open investigation of Yambo.biz

she wouldnt tell me for what (she cant) BUT she did tell me that there have been alot of complaints filed in the last 45 days which is what prompted the opening of the investigation

i dont know what alot is but becareful...

Obviously the IRS aka BigBrother is watching them

I am sure she would tell you and all her friends if she knows anything about

freeme · 03-05-2003, 09:32 AM

Quote:

Originally posted by Nydahl

I am sure she would tell you and all her friends if she knows anything about

why would she do that and potentially lose her job?

cluck · 03-05-2003, 09:33 AM

So where can I still hide assets? And I don't see how it can be considered an asset in the USA if its wired from a foreign casino to a foreign bank account.

nike · 03-05-2003, 09:52 AM

Quote:

Originally posted by Serge_Oprano
freeme,
in Russia,
investigative reporters are usualy get shot....
;-)))

thats great, but in Epsom, Surrey they usually get a cup of tea.

"Yambo.biz is incorporated in United Kingdom. Yambo.biz is located in Epsom, Surrey (UK)"

"Yambo Financials Ltd.
14 Hook Road, Epsom, Surrey,
KT19 8TH, United Kingdom"

Anyway they're about twenty minutes from me, so any trouble I'll be sure to round and have a stern word or two.

cluck · 03-05-2003, 09:54 AM

So yambo's in the UK? Why would you use our only true alais as a tax haven?

sneaker · 03-05-2003, 11:05 AM

Why should I give the government part of my casino winnings they didn't front any of the bet......

brutus · 03-05-2003, 01:05 PM

Let brutus make magic with your money. I'm good. belize, russia or lichtenstein or whatever you want. I'm good to deal with fucking investigators. Trust me. The latest case in Finland ... few millions case dropped to 100.000 and main investigator from police is no longer police etc. small fun. Let brutus play magic!!!

Ok, actually I'm not looking for job, I'm doing this just for fun

yambo.biz · 03-05-2003, 01:12 PM

offshore banking is not a criminal by its nature. the crime is the money which are managed. time to time you have to deal with criminal money if you manage offshore banking or something like this.

and the matter is HOW you deal with this problem. the easiest way - to close your eyes and forget about it. till IRS or FBI ask you about it.

another way - to check your clients and trust your clients. AND! KNOW YOUR CLIENTS (KYC).

we choose the last

brutus · 03-05-2003, 01:22 PM

Financial institution is not a repoting agency ( as they are in Finland )... so, if someone asks - no answer. Sadly there's only few places left in the world where the real privacy is available.

If you want to keep your financials private, it doesn't mean that you are a criminal. But yes... know your clients is the best way to go... but how you know your new clients. No way - you will learn about them same time they learn about you. Risky business ?!?

yambo.biz · 03-05-2003, 01:33 PM

Brutus, yes, rather risky. During last 7 month of our busines we received more than 940 applications from new clients. And we opened only 570 accounts.

All other applications have been rejected due to some reasons.

Big clients we know personally or accept by references.

freeme · 03-05-2003, 02:39 PM

Quote:

Originally posted by cluck
So yambo's in the UK? Why would you use our only true alais as a tax haven?

dude its only a mail drop or an apt for mail

they are from the Ukraine

that should tell u a thing or 2

freeme · 03-05-2003, 02:42 PM

Quote:

Originally posted by yambo.biz
Brutus, yes, rather risky. During last 7 month of our busines we received more than 940 applications from new clients. And we opened only 570 accounts.

All other applications have been rejected due to some reasons.

Big clients we know personally or accept by references.

yea thats because only 570 had the upfront fee to pay

or else you would have all 940

Kimmykim · 03-05-2003, 02:48 PM

It's pretty simple if you are a US citizen. You can have bank accounts pretty much anywhere, there is nothing illegal about that.

However, as a US citizen you are supposed to pay taxes on all your income, in whatever proportion you owe after calculations.

res · 03-05-2003, 03:01 PM

Quote:

Originally posted by freeme

yea thats because only 570 had the upfront fee to pay

or else you would have all 940

Sorry, dude, what do you need from yambo.biz ? I think what is only black PR from you

JaySpray21 · 03-05-2003, 03:59 PM

ServerGenius · 03-05-2003, 04:03 PM

What you should know about offshore banking? Don´t discuss
it on a public message board unless you talk about it in general.

You want to know things for your own business talk to your
laywer/accountant behind closed doors.

DynaMite

03-05-2003, 06:59 AM	#1
freeme Confirmed User Join Date: Feb 2003 Posts: 924	Offshore Banking..What you should KNOW http://www.bradenton.com/mld/bradent...al/2949078.htm IRS probes offshore credit card accounts MIMI WHITEFIELD Knight Ridder Newspapers In a broadening investigation of tax cheats, the Internal Revenue Service said this week that MasterCard has turned over records from more than 230,000 credit card accounts issued by offshore banks, enabling it to develop hundreds of cases for civil audits or possible criminal investigations. Visa and American Express may not be far behind. The investigation is part of a massive crackdown that began in October 2000 to track down taxpayers who are using offshore banks to hide assets from the U.S. tax collector. The IRS estimates there may be as many as one million to two million U.S. citizens holding debit or credit cards issued by offshore banks. Among the people IRS investigators found using the offshore MasterCards: executives of publicly held companies, doctors, lawyers, business owners, investment professionals, promoters of tax shelters and the author of several books on offshore tax havens. While it is not illegal for a U.S. taxpayer to have an offshore bank account, create an offshore corporation or hold a credit card issued by an offshore bank, U.S. tax obligations still must be paid. The IRS initially sought records from MasterCard International and American Express on account holders whose cards were issued by banks in the Bahamas, Antigua and Barbuda, and the Cayman Islands. MasterCard complied with the request by producing an electronic database that contained more than 1.7 million transaction records.

03-05-2003, 07:01 AM	#2
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	That's old news. They are going after the sports gamblers who used offshore CC cards to hide their winnings. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

03-05-2003, 08:07 AM	#6
Nydahl Confirmed User Join Date: Sep 2002 Location: closer then it appears Posts: 6,655	just buy some off shore passport and you are ok __________________ www.garciniatrio.com www.acaitrio.com www.greencoffeetrio.com ICQ 153918034 email [email protected]

03-05-2003, 09:33 AM	#11
cluck Confirmed User Join Date: Dec 2002 Location: New Jersey Posts: 5,248	So where can I still hide assets? And I don't see how it can be considered an asset in the USA if its wired from a foreign casino to a foreign bank account. __________________ icq 279990726 www.mcdonalds.com <- great money making opportunity

03-05-2003, 09:54 AM	#13
cluck Confirmed User Join Date: Dec 2002 Location: New Jersey Posts: 5,248	So yambo's in the UK? Why would you use our only true alais as a tax haven? __________________ icq 279990726 www.mcdonalds.com <- great money making opportunity

03-05-2003, 07:03 AM	#3
[Labret] Registered User Industry Role: Join Date: May 2001 Location: Са́нкт-Петербу́рг Posts: 10,945	Uhm, so dont use a Visa or Mastercard. The card ******s are narcing you off, not the banks.

03-05-2003, 07:12 AM	#4
freeme Confirmed User Join Date: Feb 2003 Posts: 924	http://seattlepi.nwsource.com/busine...ummons20.shtml and yes labret your right!!! companies like Yambo.biz will take your money upfront to open an account and let you take a chance with the feds This isnt old news. The article is old. You dont think that with the increase of illegal funds transfered by terrorists via CC they arnt going to crack down on everything? then they take EVERYTHING you own why?? because they CAN!!!

03-05-2003, 08:17 AM	#7
freeme Confirmed User Join Date: Feb 2003 Posts: 924	I called a friend that works at the IRS and here is what she would tell me... That CURRENTLY there is an open investigation of Yambo.biz she wouldnt tell me for what (she cant) BUT she did tell me that there have been alot of complaints filed in the last 45 days which is what prompted the opening of the investigation i dont know what alot is but becareful... Obviously the IRS aka BigBrother is watching them

03-05-2003, 09:16 AM	#8
Serge_Oprano So Fucking Banned Join Date: Feb 2002 Posts: 9,820	freeme, in Russia, investigative reporters are usualy get shot.... ;-)))

03-05-2003, 11:05 AM	#14
sneaker So Fucking Banned Join Date: Dec 2002 Posts: 251	Why should I give the government part of my casino winnings they didn't front any of the bet...... Last edited by sneaker; 03-05-2003 at 11:09 AM..

03-05-2003, 01:05 PM	#15
brutus Confirmed User Join Date: Mar 2002 Location: Living in the bottle. Posts: 590	Let brutus make magic with your money. I'm good. belize, russia or lichtenstein or whatever you want. I'm good to deal with fucking investigators. Trust me. The latest case in Finland ... few millions case dropped to 100.000 and main investigator from police is no longer police etc. small fun. Let brutus play magic!!! Ok, actually I'm not looking for job, I'm doing this just for fun

03-05-2003, 01:12 PM	#16
yambo.biz Registered User Join Date: Sep 2002 Location: Seattle, WA Posts: 48	offshore banking is not a criminal by its nature. the crime is the money which are managed. time to time you have to deal with criminal money if you manage offshore banking or something like this. and the matter is HOW you deal with this problem. the easiest way - to close your eyes and forget about it. till IRS or FBI ask you about it. another way - to check your clients and trust your clients. AND! KNOW YOUR CLIENTS (KYC). we choose the last __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

03-05-2003, 01:22 PM	#17
brutus Confirmed User Join Date: Mar 2002 Location: Living in the bottle. Posts: 590	Financial institution is not a repoting agency ( as they are in Finland )... so, if someone asks - no answer. Sadly there's only few places left in the world where the real privacy is available. If you want to keep your financials private, it doesn't mean that you are a criminal. But yes... know your clients is the best way to go... but how you know your new clients. No way - you will learn about them same time they learn about you. Risky business ?!?

03-05-2003, 01:33 PM	#18
yambo.biz Registered User Join Date: Sep 2002 Location: Seattle, WA Posts: 48	Brutus, yes, rather risky. During last 7 month of our busines we received more than 940 applications from new clients. And we opened only 570 accounts. All other applications have been rejected due to some reasons. Big clients we know personally or accept by references. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

03-05-2003, 02:48 PM	#21
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	It's pretty simple if you are a US citizen. You can have bank accounts pretty much anywhere, there is nothing illegal about that. However, as a US citizen you are supposed to pay taxes on all your income, in whatever proportion you owe after calculations.

03-05-2003, 03:59 PM	#23
JaySpray21 Registered User Join Date: Mar 2003 Posts: 76

03-05-2003, 04:03 PM	#24
ServerGenius Confirmed User Join Date: Feb 2002 Location: Amsterdam Posts: 9,377	What you should know about offshore banking? Don´t discuss it on a public message board unless you talk about it in general. You want to know things for your own business talk to your laywer/accountant behind closed doors. DynaMite __________________ \| http://www.sinnerscash.com/ \| ICQ: 370820 \| Skype: SinnersCash \| AdultWhosWho \|