Get a giant loan, then sell all your posessions.
Now put all of your money in some crypto currency (dont stop reading).
Then decalre bankrupcy.
The entire thing with cc is that its untraceable, which means that you should be able to keep all of it trough the bankrupcy proccess.
Then move to another country.
You now have everything you started with + the money form the loan.
There is no apparent reason for this not working.
won't get a 'giant' loan without nothing that is worth the hassle
I have a good credit score and a constant income. I could quite easily get loans worth 5 or 6 times my income currently.
Yes but people will ask where did it go
Invent a plausible black hole for money, throw a little away for a papertrail
Without any collateral and with no plan of what you're going to use the money for?
doubtful
Sy ill use it for a house.
They still cant do anything, can they?
right, take loans and withdraw various amounts everyday £200-£300 pound for several months whilst paying the loan back (you must pay first few loan repayments as this would be fraud otherwise). Now the cover story is you had an addiction to FOBT in bookies (gambling machines) as this is untraceable and a way to spend large amounts of physical cash. Now convert into gold, crypto, P2P lending, girlfriends bank account, whatever... all keep in cash (but risky having that much cash around),
what house? You can't just take out a loan and say you're going to buy a house then say whoops the money gone. That would be the most open and shut fraud case in history. Enjoy having all your assets seized and getting 5 years in prison.
The point is that they cant sieze crypto. Its encrypted, and not traceable.
what about when silkroad was shut down, after arresting Jan Slomp the US goverment seized his bitcoin wallet and sold it for over $3,000,000