Privately Spending Untaxed Money (Still Possible?)

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In short: Yes.

But you're better off by getting your boots dirty. Professional nominees now involve too much risk for the cause of illegal evasion. I'll point out a few reasons why later.

On to the solution I use with great success: smurfs

It costs anywhere from 25 to 100 EUR to replace a set of lost/stolen Passport + national ID card in a typical EU state. Most IDs and passports are valid for either 5 or 10 years. You already know where I'm getting with this.

How do you get a set of ID documents from someone? You need a special kind of a person. A bum, an alchoholic, etc.

Chat up homeless-looking people. Refugee camps in France work well, but you'll at best get a Turkish passport. Most are African nationals. The city center of Brussels has a surprisingly high concentration of beggars and bums. Most from the Eastern EU and Morocco. But the Eastern EU itself works best as a hunting ground because the people willing to sell their higher caliber (EU) documents are conveniently near a place where they can replace them quickly, and for peanuts.

Offer 3-5x the document replacement cost. That's all there is to it. While you're at it, offer another 25 EUR to take a selfie. The "selfie" is Revolut video identification or equivalent. The bum does not know what's going on. Make sure he doesn't look like a complete ape.

Done correctly, you have a unique nominee nobody else uses. For a one-time expense of 250 EUR that covers up to 10 years. Sign anything you want on behalf of that bum, when you want, and for no fee. But the cost is not the only advantage. A professional nominee has a place of operation. He could bend the knee to government aggression, or satisfy their nosy noses, for a fee, or out of fear. A bum lives where he wants, and is essentially as traceable as a stray dog.

Bums are the new nominees.

Last edited: Jun 7, 2020
 
xzars said:
Done correctly, you have a unique nominee nobody else uses. For a one-time expense of 250 EUR that covers up to 10 years. Sign anything you want on behalf of that bum, when you want, and for no fee.
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That is very cheap wonder where you find a trusted nominee for that small money!

xzars said:
Bums are the new nominees.
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It is not new at all, I can find endless thread around the forum describing almost the same 😀 But god you pointed it out for all the people that don't read but only post for the entertainment.

Mentor Group has a huge thread going with the same sort of information and even more details, that means I can confirm the method mentioned here works.
 
aage said:
That is very cheap wonder where you find a trusted nominee for that small money!


It is not new at all, I can find endless thread around the forum describing almost the same 😀 But god you pointed it out for all the people that don't read but only post for the entertainment.

Mentor Group has a huge thread going with the same sort of information and even more details, that means I can confirm the method mentioned here works.
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Actually in third world countries the rich and powerful have been doing this for decades. So nothing new. They collect their cooks, maids etc's IDs and paperwork and get it signed on POA and opened up accounts etc locally and internationally too for years.
 
aage said:
yeah you are a real entertainer @Davis123 you are one of the people I mentioned in the post
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This is not entertainment. In real estate business we found many clients who are just holding properties in Dubai in their names for some rich and powerful people in India. Due to UAE laws, their bank accounts are small but they have big accounts in some other jurisdictions opened up from Dubai.
 
This is one of the oldest tricks in the book. It doesn't work very well in countries with good central registers where background and credit checks are easy and reliable, which for Europe doesn't leave a lot of choice anymore. It depends on what you want to achieve. A simple bank account in someone's name is easy to arrange, but if you ever start moving large sums of money or open companies and corporate bank accounts, the facade crumbles easily.

THR2017 said:
and what happens when the "bums" presence is required in person?
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Some of the people who work with these types of "nominees" will pay them a little extra to visit the bank in person or attend a video conference. It doesn't work for people who can't be trained on how to behave and answer questions right, so it's usually reserved for higher-value "nominees" and businesses.

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This is the probably the answer to your question.
 
THR2017 said:
and what happens when the "bums" presence is required in person?
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a setup like this is ok if you just want to spent a few k in private. However if you really want to "use" an offshore company for example for buying assets like real estates etc. than the "bum setup" comes to it's limits. However, regular offshore providers mostly don't offer the "appear in person", too. So if you don't find an offshore provider who can offer the "appear in person" service than I recommend the bum setup though. Providers which offer this service are normally a lot more pricier than a "700€ Full Nominee Seychelles Setup" (which are, by the way, useless anyway....)
However be aware that it is some kind of business practice by EMIs, payment processors and banks to reveal stolen/bought identities after you made a decent turnover and the account is loaded. After you hit a threshold and the fraud detection system got you on it's list they require proofs which are only possible for the real person. For example AdvCash and EPB once wanted me to do a Skype video call. Hard to fake.
I lost quite some decent amount of money in my early times as I couldn't fulfill some late re-verification processes. They have quite good tactics, like calling the company on your utility bill or asking the notary if he really notarized the document and and and. So be careful with bums and nominees from offshore company providers. (Fun fact, a lot of IDs from common offshore providers are fake, dead or bums.lol....)

TL;DR: Bum setup is nice, however keep the amounts on the account small so it doesn't hurt if blocked.
 
I wonder why so many actually respond to this thread while it is well known that we have discussed this already in endless threads in the past!

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@neweraoffshore

Best for spending it is. A good spending split is 100k p.a. per bum, split between 2 or 3 accounts. And there's no need to hold high balances on those accounts.

@THR2017

Notarize documents with service providers by sending docs-to-notarize via conventional post. Open bank accounts where remote opening is possible. Fintechs work with video identification whereas high streets accept notarized docs by post. In either case, there are plenty of services to choose from.


@blueweb

People still ask. There's no recent thread, just a few posts here and there. I'm also interested to hear what other methods forum readers use.

Last edited: Jun 7, 2020
 
It is a nice thread and includes useful infomation, thank you for sharing and it may be because you don't have access to the Mentor Group Gold that you don't know there are similar threads inside, I have mixed it, sorry for that.

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Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
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