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Re:Wirecard CEO exits as search for missing billions hits de... by v77 on Friday June 19, 2020 @11:14AM (#23575298)
The U.S. is one of the few countries that actually prosecutes financial fraud. Here in Canada we've quietly become the world's money laundering leader, or at least second only to Switzerland and there's essentially zero resources dedicated to any kind of enforcement.
Re:Wirecard CEO exits as search for missing billions hits de... by slivanes on Friday June 19, 2020 @11:36AM (#23575498)
North Dakota is now the worlds capital for hiding money.
Re:Wirecard CEO exits as search for missing billions hits de... by apetresc on Friday June 19, 2020 @12:17PM (#23575909)
Judging by the variety of answers on this thread alone, I'm going to assume that if random internet commenters all know that a place is the most secure, secret place to do something illegal, it probably isn't really.
Re:Wirecard CEO exits as search for missing billions hits de... by dmix on Friday June 19, 2020 @04:51PM (#23578753)
The first rule of tax shelters...
Re:Wirecard CEO exits as search for missing billions hits de... by hodgesrm on Friday June 19, 2020 @01:08PM (#23576486)
How is it better (or worse!) than Delaware? Reporting requirements for Delaware C Corps are pretty lax from what I have seen. I even recall reading somewhere that few Americans were ensnared by the Panama Papers scandal [1] because they could just register in Delaware.

p.s., Sorry any Delaware residents. You live in a very nice state.

[1] https://en.wikipedia.org/wiki/Panama_Papers

Re:Wirecard CEO exits as search for missing billions hits de... by AtlasBarfed on Saturday June 20, 2020 @05:24PM (#23587437)
You mean the one that nails people driving on interstates with toll booths for driving about 20 miles in the state?

This state should be called the "land of trolls"

Re:Wirecard CEO exits as search for missing billions hits de... by influx on Friday June 19, 2020 @12:16PM (#23575903)
North or South Dakota? Have heard a lot about South Dakota trusts, but nothing about North.
Re:Wirecard CEO exits as search for missing billions hits de... by sk5t on Friday June 19, 2020 @12:19PM (#23575930)
When you see Citi 'headquarted' in Sioux Falls you know something is up. ND, SD, NV, AZ, UT, FL, TX--one seldom gets a warm and fuzzy feeling of reassurance from these business addresses.
Re:Wirecard CEO exits as search for missing billions hits de... by ByteJockey on Friday June 19, 2020 @06:34PM (#23579534)
Banks it makes sense. SD doesn't have usury laws, and multi-state banks can charge interest based on their home state's laws.

As to what the other states get you, I'm not sure.

Re:Wirecard CEO exits as search for missing billions hits de... by blaser-waffle on Friday June 19, 2020 @12:12PM (#23575876)
s/Canada/Vancouver; #or maybe Toronto

Not a lot of money laundering coming through NL or SK