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by DrScientist
11 days ago
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> I reckon the luxury watch trade is 80 per cent money laundering Found this quote interesting given Europes richest person is the head of a luxury brand company. I always wonder who was buying all this high end stuff - the concentration of wealth has created a more billionaires - but they aren't that many of them and there is only so many watches one person needs. It also may explain why China is struggling to establish it's own luxury brands - the money laundering prefers that cross border flow. |
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