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Money acquired by swindlers is quickly transferred to their own accounts or simply withdrawn and put in their pockets. In some instances, particularly in large frauds involving thousands or millions of dollars, the money is laundered before being spent by the swindlers.
When your money has been laundered, it is passed through a system of accounts set up to make the funds appear legitimately obtained. (see
MONEY LAUNDERING) If your money has been laundered, you have a chance of recovering a portion through Federal seizure of assets and public auction.
Recovery through the private sector is frequently faster far more
successful. (See
G2 Asset
Recovery Services)
List of swindler expenses:
1. Putting on the dog. Financial swindlers and their partners need to look extremely successful in order to persuade you about their claims. This means jewelry, expensive clothes, cars, homes, etc.
2. Bribes. Financial swindlers, especially international ones, sometimes have to bribe bank officers, attorneys, law enforcement (sorry, but this is true), and other parties who must be paid to look the other way.
3. Outsidemen. Outsidemen (brokers, intermediaries, agents, mandates) are those who knowingly target you as a potential victim, qualify you as good financial resource, and introduce you to the insideman (the one running the show). These people have to be paid a percentage of the "take."
4. Travel. Also knows as "the getaway." Con artists do not hang around in order to give you a chance to throw them in jail. They are off to the Bahamas, Switzerland, Florida (a popular jumping-off place to the Bahamas), Panama, Belize, Antigua ... I think you get the idea. Preferably a country that does not have extradition arrangements with the country in which you live.
What's left over is spent on pleasure, gambling being at the top of the list. Most con artists have empty pockets within days of perpetrating a scam.
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