Replies to post #4702 on SEC Charges Eleven in Stock Manipulation Ring

[dreaminofsailin]

I wonder why HK, couldn't they have found a safer place? There are still places out there that will not release information to the US isn't there?

DOS

[Renee]

The existence of 24 Honk Kong bank accounts may be because H.K.'s version of the U.S.A.'s FDIC may only insure deposits up to $100,000 ( or whatever amount ) .....therefore numerous accounts were needed just in case there were bank failures where money in excess of the insured amounts could be at risk .

Just speculation on my part .

Renee

[allezlOM]

"Financial secretary John Tsang said that all retail deposits in the territory would be fully guaranteed until 2010",
in http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/382766/1/.html

[shortsinthesand]

legalegaltx... Can you imagine the look on Pawels face when the 155,000 Cash was delivered to his house after the Texas troopers found the driver and made him make his delivery!

Then the FEDS moved in raided his house and arrested him! lol No wonder why he is now a fugitive... If he got his azzz into Belourus or Russia he might be safe but Poland isn't going to allow him to hide!

~Shorts