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  • Here come the safe deposit box raids

    Front page of the Independent right now, June 5th: Police find £16m, jewellery and Renaissance art in raid on safety deposit boxes Just wait till the war is on. We are all criminals now. You're rich? We'll take it. Got civil liberties? Yeah, we'll take them too. Reasonable grounds for search and seizure of an individuals deposit box? Naah, we'll take all 7000. My emphasis below.

    It was an unprecedented police strike against some of Britain's most wanted organised-crime bosses – an intensive investigation that took two years to pursue and delved into the murkiest depths of the criminal underworld.

    Reaching a dramatic culmination on Monday, more than 300 officers were involved in simultaneous swoops at seven addresses in some of London's most illustrious neighbourhoods. And, as they emerged from the raids clutching thousands of innocuous-looking safety deposit boxes, the detectives leading Operation Rize couldn't help but wonder what was inside.

    Yesterday, as the Metropolitan Police Specialist Crime Directive revealed the storage facilities' contents, their questions were answered. The raids had yielded a haul so remarkable, even Scotland Yard's most seasoned were stunned.

    A spectacular collection of jewellery, Renaissance paintings and millions of pounds in cash were seized from the locations in Park Lane, Hampstead and Edgware. The ill-gotten gains – believed to be the proceeds of major organised crime – had been kept hidden in 7,000 deposit boxes for some of the country's wealthiest individuals.

    Having searched fewer than half of the boxes in the first three days, officers said that the final total was expected to be "astronomical".
    [snip]...
    Most of the boxes are believed to have been used by a range of criminals, though officers conceded some innocent members of the public had been caught up in the case. They had, they explained, been inundated with phone calls from box owners as they try to sort legitimate property from the spoils of criminal activity.

    Two directors of the company Safe Deposit Centres Ltd, Jacqueline Swan, 44, and Leslie Sieff, 60, were arrested on suspicion of money-laundering offences and bailed to return to a central London police station in early September.

  • #2
    Re: here come the safe deposit boxes raid

    Disgusting isn't it. The state already has the monopoly on violence, it wants a monopoly on wealth, its creation and the right to do anything about it too.
    It's Economics vs Thermodynamics. Thermodynamics wins.

    Comment


    • #3
      Re: here come the safe deposit boxes raid

      This story is getting a lot of press.
      BBC
      Mirror
      Daily Mail
      Times
      jsmineset
      a blog
      Mr Yates said police believed the company, which has been running for 20 years, was the only one in Britain that had failed to comply with the Proceeds Of Crime Act, which closed a legal loophole on safe deposit boxes.
      My comment: "he believed". Yeah, that's enough to open all of them. There could be a billion pounds in total. That's a very good incentive for impartialness and the rule of law...

      The new "Fair Ownership & Accountability Act of 2008:"
      If police have any reason to believe that an object is or could be the result of crime, the officer in charge may requisition the object and any nearby or associated objects. Upon adequate proof of ownership and satisfactory evidence that the object or object is not the result of crime, the object shall be returned.
      We own you, unless you can prove otherwise.

      Comment


      • #4
        Re: here come the safe deposit boxes raid

        Originally posted by krakknisse View Post
        Front page of the Independent right now, June 5th: Police find £16m, jewellery and Renaissance art in raid on safety deposit boxes Just wait till the war is on. We are all criminals now. You're rich? We'll take it. Got civil liberties? Yeah, we'll take them too. Reasonable grounds for search and seizure of an individuals deposit box? Naah, we'll take all 7000. My emphasis below.
        what, they took all this stuff and put it in a big pile and now the innocent folks have to try to figure out where their stuff is? aren't the banks worried that no one will have confidence in the security of their valuables? why did they allow this? strikes me as very bad business.

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        • #5
          Re: here come the safe deposit boxes raid

          Originally posted by metalman View Post
          what, they took all this stuff and put it in a big pile and now the innocent folks have to try to figure out where their stuff is? aren't the banks worried that no one will have confidence in the security of their valuables? why did they allow this? strikes me as very bad business.
          And people ask why you don't put bullion in a safe-deposit box, sheesh!

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          • #6
            Re: Here come the safe deposit box raids

            .
            Last edited by Nervous Drake; January 19, 2015, 01:38 PM.

            Comment


            • #7
              Re: Here come the safe deposit box raids

              Originally posted by Nervous Drake View Post
              Couldn't you use the money laundering excuse for anything someone owns?


              Yes.
              "...In the main, this industry operates legitimately, and it is in the public interest that we target this particular business to stop any criminal activity."
              Anytime the authorities invoke "the public interest" it means they have no better excuse, but they are going to do it anyway.

              Originally posted by Nervous Drake View Post
              YOU HAVE A STUDIO FULL OF EXPENSIVE MUSIC EQUIPMENT, MONEY LAUNDERING!!!!

              YOU HAVE MORE THAN 3 SETS OF BOSE SOUND SYSTEMS!!! MONEY LAUNDERER!!! WHAT ARE YOU DOING, TAKING YOUR DRUG MONEY AND BUYING BOSE SOUND SYSTEMS TO BEAT THE SYSTEM?
              From some of the dire stuff being posted and predicted around here, very soon an American owning a paid up cell phone and one iPod may be grounds for suspicion...:rolleyes:

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              • #8
                Re: Here come the safe deposit box raids

                Living far too well for the declared salary has been a standard reason for police raids (looking for drugs, informant or not) and for IRS investigations for a long time.

                It's standard in the popular culture too, the movie where the "dirty cop" has a porsche or some such ...

                Originally posted by Nervous Drake View Post
                Couldn't you use the money laundering excuse for anything someone owns? YOU HAVE A STUDIO FULL OF EXPENSIVE MUSIC EQUIPMENT, MONEY LAUNDERING!!!!

                YOU HAVE MORE THAN 3 SETS OF BOSE SOUND SYSTEMS!!! MONEY LAUNDERER!!! WHAT ARE YOU DOING, TAKING YOUR DRUG MONEY AND BUYING BOSE SOUND SYSTEMS TO BEAT THE SYSTEM?

                Comment


                • #9
                  Re: Here come the safe deposit box raids

                  Originally posted by GRG55 View Post
                  Yes.
                  "...In the main, this industry operates legitimately, and it is in the public interest that we target this particular business to stop any criminal activity."
                  Anytime the authorities invoke "the public interest" it means they have no better excuse, but they are going to do it anyway.



                  From some of the dire stuff being posted and predicted around here, very soon an American owning a paid up cell phone and one iPod may be grounds for suspicion...:rolleyes:
                  I am doomed!:eek:p)

                  A few months ago I went to the main downtown branch of my bank to make a deposit, and while there inquired about a safe deposit box. The teller didn't even know how much they cost because the demand is so high it's rare for them to even have one available.

                  A bit put out, I considered switching banks if I could find one with an available box. But my other-bank research drifted into safe deposit box research and I read horror stories about how they're not really that safe. Nevermind jackbooted government thugs confiscating your goodies, how about the bank burning down, or just catching on fire and the sprinklers activate and all your important paperwork now looks like cheerios in milk. I guess your coins and jewelry would be ok, if you could figure out which hardened shiny metal puddle on the floor was your silver coins and grandma's gold necklace.

                  Comment


                  • #10
                    Re: Here come the safe deposit box raids

                    Originally posted by zoog View Post
                    I am doomed!:eek:p)

                    A few months ago I went to the main downtown branch of my bank to make a deposit, and while there inquired about a safe deposit box. The teller didn't even know how much they cost because the demand is so high it's rare for them to even have one available.

                    A bit put out, I considered switching banks if I could find one with an available box. But my other-bank research drifted into safe deposit box research and I read horror stories about how they're not really that safe. Nevermind jackbooted government thugs confiscating your goodies, how about the bank burning down, or just catching on fire and the sprinklers activate and all your important paperwork now looks like cheerios in milk. I guess your coins and jewelry would be ok, if you could figure out which hardened shiny metal puddle on the floor was your silver coins and grandma's gold necklace.
                    One thing I find hilarious up here in Canada is the number of bank branches located on the flood plain of a river (which is where large numbers of the downtowns of Canadian cities and towns are located). What the hell good is your safe deposit box when it's underwater during a 100-year flood (which now seem to come every decade or so :p).

                    Comment


                    • #11
                      Re: Here come the safe deposit box raids

                      After reading James Howard Kunstler's The Long Energency and World Made By Hand. I think looking poor or at least very average is a great idea. I don't have a porshe, but I do have a '98 Saturn with no wheel covers and a left rear quarterpanel that does'nt match.

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                      • #12
                        Re: Here come the safe deposit box raids

                        Originally posted by algerwetmore View Post
                        After reading James Howard Kunstler's The Long Energency and World Made By Hand. I think looking poor or at least very average is a great idea. I don't have a porshe, but I do have a '98 Saturn with no wheel covers and a left rear quarterpanel that does'nt match.
                        For some time, a couple of years, I have taken to shopping at Goodwill Industries (actually wife does it since she likes to shop) and except for this past weekend, I've have not bought any unused clothes in 2-4 years at least, probably 4 years and excluding shoes. I also have taken to not throwing away anything I wear until it is really worn out, you know, frayed and holes in it. For about 9 months now, I have stopped shaving at all, so my beard is rather scroungy looking to say the least (though I do trim it)--wife is wonderful in that though she bitches at me, hasn't (so far) threatened to leave.

                        I went to grocery store the other day and bought yogurt, cream cheese, and bananas and total bill was less than 8bonars, and I put in my credit card and check out girl asked to see my ID. I've shopped at that store for years and NEVER have been asked for ID. I got to thinking about it: I must have looked like a crook or at least someone the clerk did not believe should have a credit card.

                        I agree: "don't look too good, nor talk to wise."
                        Jim 69 y/o

                        "...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)

                        Dedicated to the idea that all people deserve a chance for a healthy productive life. B&M Gates Fdn.

                        Good judgement comes from experience; experience comes from bad judgement. Unknown.

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                        • #13
                          Re: Here come the safe deposit box raids

                          Originally posted by algerwetmore View Post
                          After reading James Howard Kunstler's The Long Energency and World Made By Hand. I think looking poor or at least very average is a great idea. I don't have a porshe, but I do have a '98 Saturn with no wheel covers and a left rear quarterpanel that does'nt match.
                          I bet even if you got some used wheel covers and painted your quarterpanel to match, the feds still wouldn't mistake you for Al Capone. I say go for it!

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                          • #14
                            Re: Here come the safe deposit box raids

                            The other day I bought a back pack -- I'm going to put bullion, good jewelry, important tax papers, birth certificate and passport, cash, etc. in it.
                            If we bomb Iran, I'm grabbing the bag, and driving to Norfolk (away from DC) for a few days.

                            Comment


                            • #15
                              Re: Here come the safe deposit box raids

                              Originally posted by Jim Nickerson View Post
                              For some time, a couple of years, I have taken to shopping at Goodwill Industries (actually wife does it since she likes to shop) and except for this past weekend, I've have not bought any unused clothes in 2-4 years at least, probably 4 years and excluding shoes. I also have taken to not throwing away anything I wear until it is really worn out, you know, frayed and holes in it. For about 9 months now, I have stopped shaving at all, so my beard is rather scroungy looking to say the least (though I do trim it)
                              It sounds like you're turning into my Dad.

                              Comment

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