Well, let's get back to our real Lord of War- Viktor But. But was charged, in addition to his various arms dealings, with wire fraud and money laundering. We have already discussed this in depth. Once again - whenever illegal arms dealings are occurring, it is obvious that money laundering (and, wire fraud - the fraudulent transfer of funds [which will be discussed in a later column] is also occurring). You cannot have one without the other (at least, not if you want to actually make money at it).
But is probably the most well-known arms dealer, but he is not the only one. He is sort of the Enron of arms dealers - the most famous (thanks to movies like Lord of War and him having been in the right place at the right time) but not the most original. His arms dealings were so famous, however, and so far off the charts in terms of whom he supplied and the sheer volume of arms that But became the poster boy for arms dealers.
However, he could not ignore even the most basic rule of arms dealers - he had to make money and the only way to make money from illegal sources was to launder the money so he could eventually use it at some point. Viktor But may have been the most talented arms dealer in history (unlikely), but even he was at the mercy of accountants and international finance.
Something to think about.
But is probably the most well-known arms dealer, but he is not the only one. He is sort of the Enron of arms dealers - the most famous (thanks to movies like Lord of War and him having been in the right place at the right time) but not the most original. His arms dealings were so famous, however, and so far off the charts in terms of whom he supplied and the sheer volume of arms that But became the poster boy for arms dealers.
However, he could not ignore even the most basic rule of arms dealers - he had to make money and the only way to make money from illegal sources was to launder the money so he could eventually use it at some point. Viktor But may have been the most talented arms dealer in history (unlikely), but even he was at the mercy of accountants and international finance.
Something to think about.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE. IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
Have a great and fraud-free day.
----------à>>>>>>>>>>>>>>>gene tausk
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