CBH1926 Posted April 20, 2018 Share Posted April 20, 2018 First link talks about “Vancouver model” second one is a response from B.C’s attorney general. https://globalnews.ca/news/4149818/vancouver-cautionary-tale-money-laundering-drugs/ https://globalnews.ca/news/4155822/vancouver-model-david-eby-money-laundering/ Link to comment Share on other sites More sharing options...
Hamhuis Hip Check Posted April 20, 2018 Share Posted April 20, 2018 And they say foreign money isnt affecting our real estate market.... Link to comment Share on other sites More sharing options...
riffraff Posted April 20, 2018 Share Posted April 20, 2018 34 minutes ago, Hamhuis Hip Check said: And they say foreign money isnt affecting our real estate market.... Consider yourself culturally enriched. Link to comment Share on other sites More sharing options...
Tortorella's Rant Posted April 20, 2018 Share Posted April 20, 2018 The government makes too much money off casinos to give a $&!# about this. Another reason to live this place, it's so far gone it's pathetic. Link to comment Share on other sites More sharing options...
Gaudette Celly Posted April 20, 2018 Share Posted April 20, 2018 Quote "Another method involves falsified contracts used to make drug cash appear to be legitimate real estate wealth. The buyers pay artificially high prices for property, recording transactions in B.C.’s land title system. But a much lower actual price is paid to a Triad-linked seller, in an offshore bank account transaction." And what are they gonna do about it? Probably nothing, partially because they don't know what to do, and partially because they love the money coming in. When bags of cash walk into casinos, they couldn't be happier. Higher property values and fast turnover means more PTTs collected and higher property taxes, and homeowners think they've hit the jackpot with the appreciation so they're delusionally happy too. But nothing lasts forever, and there's going to be a whole lot of bagholders one day, likely all complaining and begging government to save them after years of paper profits vanish. Link to comment Share on other sites More sharing options...
luckylager Posted April 20, 2018 Share Posted April 20, 2018 So if Eby is aware of this problem, how come the RCMP aren't seizing property under the proceeds of crime law? Is it because our economy is heavily dependent on drug money? Too many benefits to turning a blind eye? Too many powerful mitts getting greased? Whether it be the HA, Italians or Triads, our cops don't do anything, ever. They are corrupt and lazy. No different than the corporate butt kissers that run our country. Business as usual as this whole story gets swept under the rug and these fat cats stay fat. Link to comment Share on other sites More sharing options...
Gaudette Celly Posted April 20, 2018 Share Posted April 20, 2018 3 minutes ago, luckylager said: Whether it be the HA, Italians or Triads, our cops don't do anything, ever. They are corrupt and lazy. No different than the corporate butt kissers that run our country. Oh but they are very busy. Back when the Bacon brothers were rampaging in Surrey, I saw no less than a half dozen of them come onto the Seabus one time, asking to see tickets. Link to comment Share on other sites More sharing options...
luckylager Posted April 20, 2018 Share Posted April 20, 2018 Just now, Hutton Wink said: Oh but they are very busy. Back when the Bacon brothers were rampaging in Surrey, I saw no less than a half dozen of them come onto the Seabus one time, asking to see tickets. Lol Exactly. And the other thing about that whole situation is the Bacon bros wouldn't have had any leverage to be thugs if our cops weren't paid off by the HA. Like those meathead thugs could actually organize a cross border coke smuggling ring and be successful at it. Everybody knows who runs the streets of BC, who's pulling the puppets strings. They're called puppet clubs for a reason, yet the cops continually do sweet FA except hustle up some speeding tickets and bust street level thugs without ever going after the puppet masters. It's so obviously corrupt... or the cops are actually really, really, really really dumb. Link to comment Share on other sites More sharing options...
CBH1926 Posted April 20, 2018 Author Share Posted April 20, 2018 1 hour ago, riffraff said: Consider yourself culturally enriched. Chemically enriched as well. Link to comment Share on other sites More sharing options...
drummer4now Posted April 20, 2018 Share Posted April 20, 2018 2 hours ago, Tortorella's Rant said: The government makes too much money off casinos to give a $&!# about this. Another reason to live this place, it's so far gone it's pathetic. Meh they don't call it Bring Cash for no reason.. Link to comment Share on other sites More sharing options...
DADDYROCK Posted April 20, 2018 Share Posted April 20, 2018 Between this and the oil companies it's hard to see which is more corrupt. For instance have you heard this,that the kinder morgan pipeline has had "enron" ties as in the former ceo of enron is Kinder of the kinder morgan company.Those enron guys should be in jail not coming to Canada and getting provinces fighting amoungst themselves for oil companies.Sounds like a pretty corrupt group if you ask me,just look at their track records for pipeline failures,and Alberta and federal governments wants to works with these clowns.Mainstream media is not mentioning any of this.These are things B.C. residents should know about,not if a celebrity is pregnant etc.or an animal story,that makes up your corporate news now. Link to comment Share on other sites More sharing options...
Lancaster Posted April 20, 2018 Share Posted April 20, 2018 5 hours ago, Hutton Wink said: Oh but they are very busy. Back when the Bacon brothers were rampaging in Surrey, I saw no less than a half dozen of them come onto the Seabus one time, asking to see tickets. Because it's way easier to push around the law abiding little guys than those gangster punks who may put up a fight at times or find nefarious ways to get even with you. Link to comment Share on other sites More sharing options...
riffraff Posted April 20, 2018 Share Posted April 20, 2018 10 hours ago, luckylager said: Lol Exactly. And the other thing about that whole situation is the Bacon bros wouldn't have had any leverage to be thugs if our cops weren't paid off by the HA. Like those meathead thugs could actually organize a cross border coke smuggling ring and be successful at it. Everybody knows who runs the streets of BC, who's pulling the puppets strings. They're called puppet clubs for a reason, yet the cops continually do sweet FA except hustle up some speeding tickets and bust street level thugs without ever going after the puppet masters. It's so obviously corrupt... or the cops are actually really, really, really really dumb. Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted April 20, 2018 Share Posted April 20, 2018 6 hours ago, Lancaster said: Because it's way easier to push around the law abiding little guys than those gangster punks who may put up a fight at times or find nefarious ways to get even with you. For them it is risk vs reward, I think. It is much riskier for the police as a whole to target the gang groups vs us. At the end of the day they get the same salary. Yes I know they have delegated task forces (gang squad etc) but it seems the police waste their resources on arbitrary matters. A lot of time the gangs end up targetting eachother which may be the police's strategy but that never ends and it doesn't help the obscene amount of corrupt money diluting the dollar for us common folk. Link to comment Share on other sites More sharing options...
Warhippy Posted April 20, 2018 Share Posted April 20, 2018 Wait...you mean drug money has propped up BC for a while? It is laundered through casionos? Used to buy houses almost outright with Cash? Who knew? Link to comment Share on other sites More sharing options...
JM_ Posted April 20, 2018 Share Posted April 20, 2018 Its very pathetic, our provincial governments have, and continue to, allow this to happen. You can't move $10,000 in any way at your local bank branch without it being tracked by the feds but people can walk into casino's in BC with hockey bags of money? okie dokie. its simple, don't allow hockey bags of cash into casino's. Limit it to $5,000 or some number that makes it useless for the gangs. That wouldn't stop all of the housing issues tho, as offshore banks can still provide the money to buy homes here, or anywhere in the world for that matter. If you really wanted to stop that you'd have to make a law that stated you had to get your mortgage from a Canadian bank only and not be allowed to pay with cash. Can't see that level of regulation ever happening. Link to comment Share on other sites More sharing options...
Down by the River Posted April 20, 2018 Share Posted April 20, 2018 4 hours ago, Jimmy McGill said: Its very pathetic, our provincial governments have, and continue to, allow this to happen. You can't move $10,000 in any way at your local bank branch without it being tracked by the feds but people can walk into casino's in BC with hockey bags of money? okie dokie. its simple, don't allow hockey bags of cash into casino's. Limit it to $5,000 or some number that makes it useless for the gangs. That wouldn't stop all of the housing issues tho, as offshore banks can still provide the money to buy homes here, or anywhere in the world for that matter. If you really wanted to stop that you'd have to make a law that stated you had to get your mortgage from a Canadian bank only and not be allowed to pay with cash. Can't see that level of regulation ever happening. If you are putting down less than 20% on a mortgage, CMHC is all over you about where the money is coming from. But, if you drop >20%, they don't give a damn if your money came from dealing drugs, running a sweatshop in China, etc. Link to comment Share on other sites More sharing options...
Warhippy Posted April 20, 2018 Share Posted April 20, 2018 27 minutes ago, Down by the River said: If you are putting down less than 20% on a mortgage, CMHC is all over you about where the money is coming from. But, if you drop >20%, they don't give a damn if your money came from dealing drugs, running a sweatshop in China, etc. That is very much like if you need a line of credit or a mortgage on a home they demand to know where every single dollar is coming from. But foreign buyers can apply for those same loans in excess of a million dollars and not have to provide collateral or proof of income Link to comment Share on other sites More sharing options...
kingofsurrey Posted April 20, 2018 Share Posted April 20, 2018 Sad how BC became such a corrupt province. I guess BC citizens are just so naive it was inevitable...... Link to comment Share on other sites More sharing options...
bishopshodan Posted April 20, 2018 Share Posted April 20, 2018 Everybody knows the fight was fixedThe poor stay poor, the rich get richThat's how it goesEverybody knows Link to comment Share on other sites More sharing options...
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