Thursday, April 7, 2016

BC government cashing in on money laundering



Michel Smyth wrote an interesting editorial in the Vancouver Province. He mentions how the BC government is suing a Salmon Arm man in an alleged casino money-laundering case. The only reason they caught the guy was because when he was stopped for drunk driving he was found with cash, casino cheques and crack cocaine in his car. Michel Smyth points out that while the police pat themselves on the back for this bust, one has to wonder if the provincial government is on the same page. He points out "how many more suspected money-laundering rackets would have been busted if the government hadn't scrapped a specialized police unit seven years ago?"

"The government shut down the Integrated Illegal Gaming Enforcement Team in 2009. The specialized unit had a budget of just $1 million - a number that dwarfs the amount the government spends trying to lure gamblers into its casinos." Exactly. Every time a police task force found organized crime, the government disbanded that police task force.

3 comments:

  1. I'm sure the memo will go out to ensure this doesn't happen again. Money laundering is an important part of the casino business plan. Then of course there are all those others the b.c. lieberals do business with who have less than "clean" back grounds.

    if the b.c. lieberals had enough money to toss $600M to the film industry last year, they ought to have had enough money to fund police services to deal with major crime. On the other hand, if the province is the "major
    crime, that won't do.

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  2. Can you imagine what the economy would be if all-of-a-sudden overnight there no illegally gained money in the economy?

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    1. Catherine Austin Fitts gave an excellent talk on that very subject referring to it as the tapeworm economy. She claimed all the drug related money laundering was an artificial economy that sucked the life out of the economy like a tapeworm. When you think about it, the drug trade is fueled by theft and crime. Other businesses have to pay for it through their losses.
      http://gangstersout.blogspot.ca/2011/05/tonne-of-pot-and-200-kilograms-of.html

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