Billionaires

How To Launder Money Like a Chinese Billionaire

Diane Francis | Posted 10.11.2014 | Canada Business
Diane Francis

In China, crooks don't have to go to the casino because intermediaries called "junkets" will swap Yuan for gambling chips that can be cashed into Hong Kong or Macao currency at the casino then wired by Hong Kong banks to tax havens or accomplices offshore. The goal is to buy a condo or luxury goods with funds from a trust managed by a shell company in Grand Cayman, owned by another trust in Guernsey with an account in Luxembourg managed by a Swiss banker who doesn't know who the owner is.

World's Wealthiest Person Is...

Forbes | Luisa Kroll and Kerry Dolan | Posted 03.05.2013 | Canada Business

This year Forbes has uncovered a record 1,426 billionaires. That is 200 more than we found in 2012, another record breaking year. It’s also nearly t...