The risk of citizenship by investment programs

[Silvio]

I think the huge rate of cousin-marriage in Arab⁢ countries is also to blame:

"As of 2016, about 40% of marriages in Egypt were︀ between cousins.[18] Another source (Reproductive Health) puts the figure at 20.9-32.8% for marriages between︁ blood related partners as of 2009,[15] but much higher,60.5-80.4% -- in the region of︂ Nubia.
47-60% of marriages in Iraq are consanguine (blood related), according to a 2009︃ study in the journal Reproductive Health.[15] In Iraq the right of the cousin has︄ also traditionally been followed as cousin marriage accounts 50%.
30-40% of marriages in Syria are︅ consanguine (blood related) as of 2009.
According to a 2005 BBC report on Pakistani marriage︆ in the United Kingdom, 55% of Pakistanis marry a first cousin."

 

[Golden Fleece]

Wow. I did not know that.
https://en.wikipedia.org/wiki/Cousin_marriage_in_the_Middle_East

 

[JohnLocke]

This thread is about "Citizenship by investment" and not about religion, Islam, racism or anything‌ like that. Please stick to the topic or do not post in the thread.

I'm, as well as our MOD's are tired of having to delete, BAN and give warning‍ points because many threads go in the wrong direction. Let's try and keep a good⁠ tone and stick to the topic, thank you!

 

[JohnnyDoe]

https://www.imidaily.com/europe/cyprus-has-revoked-222-cbi-origin-citizenships-so-far/https://www.imidaily.com/europe/bul...-for-failing-to-make-or-maintain-investments/https://dominicanewsonline.com/news...ips-in-run-up-to-uk-visa-regime-report-shows/https://medium.com/@amberlouisemurp...-documents-and-false-information-71a0219a81a2

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[jafo]

Same with the USA. There are plenty of︃ such cases on Lexis Nexus and Westlaw.

To be fair, most countries do this.

100% this! I'm on a business trip in︉ the region for a few months and I personally know hundreds of expats who have︊ obtained these passports. Maybe there are special cases of those who are not eligible. Of︋ course, those who are troublemakers will NOT get the passport. Some foreigners here they call:︌ "Pesados". These people will NOT get anything.

 

[Wellington]

UK increasingly revoking citizenship, even for white-collar stuff...

 

[SatoshiButerin]

Any thoughts on Turkey CBI? Does it come with any cons like being put on‌ some watchlists or becoming persona non-grata for merely applying?

 

[JohnnyDoe]

SatoshiButerin said:
Any thoughts on Turkey CBI? Does it come with any cons like being put on some watchlists or becoming persona non-grata for merely applying?
Click to expand...

You can't know how your data is handled, so yes there is a risk.

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[Martin Everson]

Doesn't Turkey have compulsory military service for citizens aged 21 to 41? Or does it not‍ apply to CBI?

 

[SatoshiButerin]

Not for CBI applicants, only‍ for their children once they turn 18, and even then they are given an official⁠ option to pay 7k fine to avoid it. So realistically it applies only to the⁤ 3rd generation.

 

[SatoshiButerin]

Singapore Banks to Subject Chinese Holders of CBI Passports to Extra Scrutiny Following Raids -‌ IMI - Investment Migration Insider

 

[jafo]

I would 100% want to‍ read the ACTUAL court records and the indictment by the prosecutors. In +40 years of⁠ reading court cases on Lexis Nexis, Westlaw, and PACER, I've yet to find one where⁤ the newspapers reported correctly what was charged in the courts. Not a single one!

Does anyone have access to the docket sheet/indictment or should https://www.linkedin.com/in/cnesheim/ be approached to obtain it?⁣

 

[Wellington]

I've been looking at these for the past few years, haven't pulled a trigger yet‌ because not really sure they are worth the money plus with all the processes it's‍ likely your exit in emergencies doesn't exist. I.E the US is aware of anyone getting⁠ a Caribbean one (part of some agreement last year), its therefore highly unlikely that your⁤ own state is not aware via 5 eyes, 9, 14 eyes etc, then factor in⁣ Biometrics (airports flagging you as x citizen on x trip and y citizen on y⁢ trip), then of-course OECD etc.

The entire point of the passport is
:- Tax. (1st︀ world issue)
:- Escaping authoritarian Gov (1,2,3rd world issue)
:- Visa free access (3rd world︁ issue)

Whereas for the same sort of money you could live in a tax haven,︂ or at least a low tax state and in some cases get a property thrown︃ in.

Also note they do checks via Interpol, domestic, Europol etc (some of them) which︄ immediately flags x company specialising in y citizenship is validating/vetting x citizen) = flag citizen︅ nationally for enhanced monitoring (political, tax, financial, etc)

There's probably better ways to obtain citizenship︆ at respectable countries (singapore for example).

This did make me laugh when it occurred...

The sheer scale/audacity.

But then again︌ the Cambodian casinos and digital gambling offerings blew up in size during covid and due︍ to the influencers (titties/sex) etc it drove in punters (P**N sites etc, fb, socials etc).︎

I guess the one area in their brilliant plans was not realising they needed to️ escape to some middle-eastern hell hole and loose out on the dimsum.

 

[jafo]

smi(&% rof/%

The author has NOT responded with the court records he⁣ used to extrapolate his article yet, but I am 99.99% sure the defendants were targeted⁢ due to their ostentatiousness on social media or through family members/relatives/employees/friends, etc. that didn't "earn"︀ what they thought is fair or cut a deal with the state to get a︁ portion of the confiscated proceedings 🙄

I've read so many indictments and court records where the︂ amounts are negligent, to me and probably to everyone else on this forum, but the︃ sensationalism of the government and their beneficiaries makes me question my own sanity. 😳

For the︄ last 7 years, so many compliance officers have asked my bankers to ask me why︅ I don't have a social media presence. I just pretend to be a complete Luddite︆ but a degree in Electrical & Computer engineering contradicts my "self-imposed" ignorance although I stand︇ my ground actively defending my IT ignorance. On some occasions, they have even requested to︈ create a social media presence and when I refused, they closed my bank accounts.

In summary, if nobody knows, none of us will EVER get bothered. We get bothered when︉ we "snitch" on ourselves.

There are NO mutes in prison!

In this sh1tty world of︊ double-crossings and treachery, be a Ronald Read.
Excerpt: "Unbeknownst to everyone around him until he︋ died at age 92 in June 2014, Read had quietly amassed an $8 million fortune︌, thanks to smart spending and investing habits."

Source: A janitor secretly amassed an $8︍ million fortune and left most of it to his library and hospital
😎

 

[myhand]

You need to think over your plan again and again before executing. Some‍ people are unable to do that.