Re:Uber Paid Hackers to Delete Stolen Data on 57M People
by StanislavPetrov on Tuesday November 21, 2017 @08:53PM
(#15753559)
You are confusing profit, earnings, and the amount of money laundered, each of which is distinct and very different.
If you give me a million dollars in counterfeit bills, and I launder them for you, I might get paid only $10,000. My laundering efforts might have cost me $9,000. In this case my profits are $1,000 even though my earnings were $10,000 and I laundered $1,000,000.
I'm not saying that HSBC laundered 19 trillion, but the earnings and/or profits of HSBC have absolutely no relation to the potential amount they laundered.
If you give me a million dollars in counterfeit bills, and I launder them for you, I might get paid only $10,000. My laundering efforts might have cost me $9,000. In this case my profits are $1,000 even though my earnings were $10,000 and I laundered $1,000,000.
I'm not saying that HSBC laundered 19 trillion, but the earnings and/or profits of HSBC have absolutely no relation to the potential amount they laundered.