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by rbcgerard 3030 days ago
I was told that a while back Bulgari (and probably some other high-end jewelers) operated one of the largest illicit money transfer networks - primarily for bribery.

Want to bribe a public official? Give his wife a $100k bracelet, and mention that it can be returned anywhere in the world for CASH (less a 10% “restocking fee” of course). Then you might mention how nice it would be to spend a weekend in Geneva - and coincidentally there is a branch of that jeweler just down the street from some very discreet Swiss bankers (back when they were discreet)...

1 comments

Reminds me of why the Rosewood Inn has all them jewelry stores...
for those who don't know, this is the rumor for how VCs and such pay for prostitution in silicon valley.