Wall Street Oasis logo


  • Recent
    • All Recent Content
    • Top WSO Bloggers
    • WSO Chat Room
    • Hot Topics - Week
    • Hot Topics - Month
    • Hot Topics - Year
    • Hot Topics - All Time
    • Top Comments - All Time
  • FAQs
    • Best Interviews
    • Common Questions
    • Industry Specific
    • WSO 101
    • Education
    • Recruiting
    • Life in Finance
    • WSO Company Database
    • WSO Finance Dictionary
  • Forums
    • Post Forum Topic
    • Best Interviews
    • Best Comments
    • WSO Chat Room
    • Job Search Advice
    • Investment Banking
    • Private Equity
    • Venture Capital
    • Trading
    • Consulting
    • Hedge Funds
    • Corporate Finance
    • Real Estate Finance
    • Equity Research
    • Asset Management
    • WSO Success Stories
    • Other Careers
    • Business School
    • Resume Forum
    • Wall St. Fashion
    • New User Intros
    • Monkey Around
    • WSO Products
    • Site Suggestions
  • Groups
    • Browse Groups
    • Create Group
    • My Groups
    • Non Target Networking
    • Energy Trading
    • State your salary
    • Read the Footnotes
    • Proprietary Traders
    • WSO Investment Forum
    • CFA
    • The Restructuring Group
    • Economics
    • RE Finance/Investments
  • About
    • About WSO
    • Press
    • Contact Us
    • RSS Sitemap
    • Advertise on WSO
    • WSO Discounts
    • WSO Store
  • Login
  • Sign Up!
  • Hot Topics
  • My Profile
  • Company Research
  • Modeling
  • Resume Review
  • Events
  • Interview Guides
  • Job Board
  • Intern Positions

6 Free Financial Modeling Lessons...and More.

Enter your e-mail below to get our new Free Modeling Tutorials ($200+ Value).

Wall Street Oasis » Forums » Monkeying Around
< previous | next >

For Wall Street Villains: The Five Best Hideouts -- With No Extradition
 

prospie's picture
prospie
     
 
(King Kong, 1,679
 
Points)
 on 2/2/12 at 9:20am

"Bernard Madoff's Ponzi scheme cost 16,500 investors a total of as much as $18 billion, according to the court-appointed trustee, but at least Madoff is not on death row. In Hangzhou, China, in November, Ji Wenhua and his brother and their father (who were managers of the Yintai Real Estate and Investment Group) were sentenced to death after their convictions for cheating 15,000 investors out of the equivalent of $1.1 billion. Prosecutors said the men had continued to collect money by claiming profits while losses mounted." [China Money Report, 11-10-2011]

^ why don't these guys just take a fraction of their wealth and disappear? In any case, this article is old but cool in case anyone hasn't seen it. Some of it might be obvious, but I've been wondering recently and finally a friend sent me this.

http://www.dailyfinance.com/2010/05/17/for-wall-st...
For Wall Street Villains: The Five Best Hideouts -- With No Extradition

With the Goldman Sachs scandal playing out in the press and President Obama's recent Cooper Union speech still resonating through America's financial community, the word on The Street is that many of the country's less-principled financiers have recently found themselves daydreaming about getting a one-way ticket out of Dodge.

Luckily, the financial scofflaw with a truckload of money has several options at his or her disposal. Granted, traditional havens like Canada might be a little hesitant to adopt someone who helped bring down the world economy -- and in light of recent events in Greece, even France might be reluctant to open its doors.

But never fear, dozens of countries don't have extradition treaties with the U.S. -- and are desperate for new visitors.

Admittedly, most of the countries on the nonextradition list are communist, run by brutal theocracies, currently at war or lack a functional government. But with a little imagination, a walled Fortress and a steady supply of the local moonshine, intrepid on-the-lam travelers can handle it. What's more, with kinds of winters New York has frozen through lately, equatorial Africa is looking better and better.

Which leads us to DailyFinance's picks for the top five places to run to when the U.S. Senate decides that it wants to have a little talk.

Outdoorsman: With a per-capita GDP of over $17,000, Croatia occupies that sweet spot between places that are too poor to be safe and too expensive to be enjoyable. Your dollar will go a long way here, and with miles of beaches, remote castles, extensive caves and uninhabited islands, the formerly war-torn republic has endless options for your next home. While a little lacking in nightlife, Croatia's extensive diving, caving and hiking opportunities make it ideal for outdoorsmen, and its stable government and parliamentary republic promise that your property -- and life -- should be well protected by the rule of law.

Star Trek Enthusiast: Trekkers have few better choices than Kazakhstan. This Central Asian nation, the ninth-largest country in the world, is basically what happens when you mix hundreds of years of Mongol heritage with gobs of revenues from oil and uranium. Terrain options range from extensive shoreline to rugged canyons, but Kazakhstan is particularly famous for the steppes, a sprawling, windblown grassland where the descendants of the Khans drink fermented mare's milk and practice Khyz Kuu, a traditional sport that basically involves chasing down maidens while on horseback. In terms of cities, the capital, Astana, halves the distance between Mongol and Klingon culture, with breathtaking buildings that seem to have jumped off the cover of a Ray Bradbury novel. Officially a presidential republic, Kazakhstan is actually more of a benevolent dictatorship, but the rule of law is strong, and chances are that you won't have any unpleasant run-ins with the local authorities.

International Playboy: The Middle East isn't generally known for its rockin' night life, but Dubai has long since positioned itself as the Las Vegas of the Persian Gulf. With gorgeous buildings, a vibrant scene and a sprawling collection of private islands, the city is designed for people much like yourself: Wealthy, questionably moral, and uninterested in dealing with the filthy hoi polloi. If you're looking for something a little more sedate, try lesser-known Abu Dhabi. Located a short ride from the glitzy pleasures of Dubai, this gem is staid, beautiful and well-planned. Whichever way you go, the United Arab Emirates is a good deal right now -- property values tumbled during the downturn but are rising again, and the country's extensive infrastructure and commercial development guarantee you easy access to most of the pleasures of home.

Bond Villain: Most experts view Western Sahara as the world's longest-running failed nation, but we'd prefer to think of it as the world's most functional anarchy. While Morocco is ostensibly in charge of the place, the truth is the Western Sahara basically occupies 103,000 square miles of empty, unpoliced space positioned between Morocco, Mauritania and Algeria. Only 600 miles (as the crow flies) from Europe, it's a convenient staging ground for any dastardly plans you might want to cultivate. Granted, infrastructure is rare to nonexistent, but a few billion dollars should easily fix that, and the lack of state-level oversight means that you won't have to deal with zoning issues when building your secret hideout.

Spiritual Hermit: After spending over a hundred years in relative obscurity, Bhutan still hasn't made much of a blip on the international tourism radar. However, the Asian "constitutional democratic monarchy," once part of Nepal, may be the perfect choice for the stressed banker looking to get away from it all. Located at the eastern end of the Himalayas, Bhutan offers many of the comforts of home, including a cell-phone network, daily flights from Bangkok and New Delhi and Internet access. Not among the world's wealthier countries, Bhutan has chosen to measure its success based upon "Gross National Happiness." Among other things, this means tourism development is heavily restricted, so your sense of internal well-being is less likely to be disturbed by the sight of high-rise hotels or the buzzing of snowmobile-riding tourists!

Wherever you decide to go, happy hiding.

See full article from DailyFinance: http://srph.it/ljpq3Q

Financial Modeling Training Guide to Finance Interviews Banking Resume
  •  
  •  
Tags:
  • hide
  • Tax
  • flee country
  • extradition
  • criminal
  • Monkeying Around

Forum Topics

  • New
  • Active
  • Rank
  • Comments
  • ow do you determine the value of consideration if one unlisted company acquires another unlisted company in a share swap deal? As far as I understand the negotiations will focus on the ownership share of the target in the combined company rather than any specific value? Would you just use comps/DCF...
    Value of consideration in a private company share swap?
  • NU has an MS program in predictive analytics that I can do for around 40k(more like 30k after employer reimbursement and 20k after tax savings). I'm interested in this program for personal fulfilment reasons and potential social proof. How would this impact a PT-MBA admission decision...
    Online MS at NorthWestern to PTMBA later
  • Hello all, I'm about to begin as a summer analyst in the private bank at JPMorgan. Does anyone know anything about orientation? Although I'm very excited for this opportunity, I am considering looking into other areas of the bank after my summer is over. I have heard that in NYC,...
    JPMorgan Private Banking SA - Orientation
  • I was surprised that my offer letter said that I will get several weeks of vacation days. Is this for real, or would I anger people by actually using these...
    Vacation Days
  • Of this one person? This person is not linked through anyone else's "People also viewed". Please let me know and I will PM you with the information along with a SB....
    can anyone with Linkedin premium help me find the name?
  • How do Allen Edmonds shirts fit? If you can, compare it to Charles Tyrwhitt Extra Slim...
    Allen Edmonds Shirts
  • Hey all, Soon to be Jr/Sr (I'm staying a 5th year) studying both Economics and Political Science. I attend a "public ivy" and have a decent amount of international experience as well as extracurricular involvement. My interest in this site stems from my desire to enter...
    Whats good?
  • I'm a commodities analyst/trader currently on the producer side (ABCD). I trade grains and dairy products. Finance undergrad from a non-target. Considering grad school, but not sure if the timing is right. I have worked for a bank at a grain desk as a trading assistant. I also took the plunge...
    Hi all
  • I am searching for some advice regarding making a career shift. I have over 12-years of work experience and am currently a VP at a one of the largest banks in the US. Recently, I have been working as a corporate trust account manager focused on municipal bonds (primarily a compliance/account...
    Looking for advice regarding a mid-career shift - willing to relocate
  • Im aware these are non-targets but how well do they do with placing graduates on Wall St. specifically for S&T? University of Richmond Boston University George Washington University Northeastern University American...
    How well do these undergrad schools place for Wall St.?
  • Hi everyone... I am an Economics major.... I also speak two languages fairly well Spanish/English( College/ University educated person level...) and speak and understand a 3rd one (Portuguese, though I can't write in it very well). I would like to know your opinion on whether a double...
    My Major/Minor choices
  • Hi guys, I received an email from JP with the aforementioned subject inviting me to an on-site 1 hour interview. My question is the following: I have already interviewed with the entire team at this location for the role under consideration, so is there a reason as to why they would need to have...
    Received an email from J.P. Morgan: "Invitation: JP Morgan PB Analyst Interview" -- but already interviewed?
  • Hey guys, I was wondering if you guys have heard of this merchant bank? They usually do lower middle market deals from what I have seen. Just seeing if I could get some clarity on this bank. I'm trying to network with them for the Fall semester....
    Brooks, Houghton & Company?
  • Hello everyone, This question is about kind of a heated topic....I was able to find some information but it wasn't clear enough... My question is...Salary wise ...who makes more money of the two? ( Software Tech industry vs Financial services industry. Taking into consideration all ends...
    Software Engineering/ Comp Sci vs Finance/Accounting/ Econ
more

Upcoming Events

  • Boston WSO Happy Hour - Wed May 22nd, 6PM
    May 22 2013 - 6:00pm - 8:00pm
  • Financial and Valuation Modeling Boot Camp (Dallas)
    May 23 2013 - 8:00am - May 25 2013 - 5:00pm
  • Shanghai Happy Hour May 24th Friday 7:30PM - 10:30PM
    May 24 2013 - 7:30am - 10:30am
  • Hong Kong Networking Event - Happy Hour, May 24th, 7:30PM
    May 24 2013 - 7:30pm - 9:30pm
  • WSO NYC Happy Hour: Fri. 5/31, 7pm
    May 31 2013 - 7:00pm - Jun 1 2013 - 2:00am
more

Highest Ranked Content

  • Week
  • Month
  • Year
  • All Time
  • Comments
Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3 Lets just jump in. <strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS...
Beginners Guide to Valuation and Metrics By Sector
I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
Ask me anything… I'm a Private Equity Analyst in Shanghai
You've just gotten that promotion and now you're in charge of a small team. Congratulations! And welcome to middle management. All the hard work and the knowledge you've developed about everything your firm does these past few years has been noticed. But, now you have a small...
7 Things I've Learned About Being A Manager
For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
A Perfect Storm
Assuming that you have access to no financial products such as FactSet, Bloomberg, CapitalIQ, Thomson or otherwise, thought it would be helpful to give a step by step guide on how to ramp up on a new company from your home computer. Using FaceBook as an example. Lets go ahead and start with the...
Basic Guide Ramping Up On A Company With Public Information (Part 1 of 3)
I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target...
I'm a Hedge Fund Analyst - Ask Me Anything
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Someone was asking me about this in PM and I wrote a long and detailed reply about what it is like to work in Big 4 and what advice I would give to people thinking about interning / working there. Thought it might be useful for others so my reply is below. Happy to answer any...
Working In Big 4 Audit in London
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> There I go...
In Praise Of High Interest Rates
<em>Mode note: Blast from the past - "Best of Eddie" - this one is originally from December 2010.</em> Monty09 may have gotten the best plug yet for his <a href="http://energyrodeo.com/">Energy Rodeo</a> in Houston next month, and it came from none...
New York vs. Houston
more

Recent Jobs

  • jdOasis.com, Good Potential to Earn Equity in Online Legal Community
  • Hedge Fund Analyst
  • Private Equity Associate
  • Private Equity Analyst at Hedge Fund
  • Institutional Equity Sales
more



Sell Tickets Online through Eventbrite

Poll

Why would you NOT go to the 2013 WSO Conference? :
View the current poll results.

Silver Banana Rankings

  • Silver Banana Leaders
  • Soiled Monkeys
UserSilver Bananas
Edmundo Braverman1116
TNA1098
CompBanker873
happypantsmcgee742
IlliniProgrammer723
UFOinsider635
TheKing620
BlackHat566
Nouveau Richie420
cphbravo96406
more

Top WSO Members

  • Total Bananas
  • Active Monkeys
UserBanana Points
Edmundo Braverman14358
TNA13508
WallStreetOasis.com12067
UFOinsider10346
happypantsmcgee9621
IlliniProgrammer9233
CompBanker8507
Siberian Husky5862
AndyLouis5814
monty095405
more

New Groups

  • Denver Professionals
  • Minneapolis Bankers
  • Non-Target Networking in NYC
  • Prep School Bankers
  • Commercial Real Estate
  • University of London
  • University of Cambridge
  • Atlanta Monkeys
  • German Monkeys
  • University of North Carolina - Chapel Hill
more

© 2006-2012 WallStreetOasis.com | All Rights ReservedAdvertise | About Us | Contact Us | FAQs | Site Map | Privacy Policy

As Seen In

Sister Site

Syndicate content