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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Walter who wrote (27632)1/1/1998 12:36:00 PM
From: Bill Jackson   of 28369
 
Walter; I suspect felderhoff has other money. Any one going to a tax haven know that you need a physical break in the cash. That is you go to bank "A" and get $1M cash, and you go to bank "B" and rent a box and put it there. The box renter is a nominee account with a local provider of such, and can even be in another country. With such a break they can never trace it. Just do not have phone records of calls, use the long distance calling cards from a payphone to speak to that other countries lawyer.
I cannot believe that Felderhoff has not taken this precaution. They might attach the houses, but in the long run it will take absolute proof of fraud to order them sold. There may also be third party mortgages on them. Another method of protection of the base asset value from judicial seizures. The mortgages will be to yet another nominee company and he will just keep enough cash in accounts to pay the mortgages and live on, and to provide a stalking horse.
He should have $25 million in thos accounts(assuming he spent $10M on houses etc). If they find less then there is a lot elsewhere.
Not even mentioning the huge profits he may have made running a dead cold short operation. He knew there was zsero gold, he could have shorted 20 million shares from $30+ all the way down to pennies, and have some $600M hidden somewhere. Someone has this money and more, as seen with all the buying of the ten cent shares to cover shorts, some 150 millions shares(??unknown exact number). I suspect the SEC and OSC are into the offshore records as we speak, however the $$ will be long gone.

Bill
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