Chinese millionaire sues himself through an offshore shell company to beat currency export controls

Or in a recent case “praise the game.”

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Thou must always kill.

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What crazy bullshit is this? I mean, seriously, I’d love an actual, meant seriously, explanation if you’re not just trying to trolley people.

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There’s no point - if you lean even a bit left, you’re clearly beneath him in his mind. Save your breathe… er… finger-typing… You know what I mean. :wink:

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Definitely some mentally ill, right wing wizardry in progress.

This post and all like it from Cory demonize anyone with “wealth”. We don’t know how much money one needs to be accused, whether the gains are “fairly” earned or I’ll-gotten, the assumption is always the latter. Guilt until proven innocent and still guilty of being wealthy in any case.

The linked WSJ article doesn’t tell us how the company owner in question earned the money, just that they wished to avoid capital controls regulations.

We don’t actually know motive here or other possible similar cases but nonetheless the BoingBoing villagers have pitchforks and torches ready!


@anon61221983 not so! I’m oh so eager to see some reasoned analysis that isn’t just Karl Marx’s reheated leftovers.

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I’m sorry but that’s bullshit. Full stop.

I don’t see @doctorow go after people with “wealth” unless by “wealth” you mean “oligarchs worth more than 98% of humanity.” He’s not going after successful business folks, engineers, and other professionals or even the operators of companies like Tim Cook, for example. I mean, yeah, I remember all of those negative posts about Steve Jobs or Sergey Brin because of their wealth…oh wait…no, I don’t because they didn’t happen.

I do enjoy your goalpost moving on praising the tactics of kleptocrats on how they manage to get their money out of China before their government takes their ill gotten (outright stolen often) gains away though. I expect you praised the same thing in Russia after the fall of the Soviet Union as well.

Thumbs up!

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How can you be sure the company owner is n this case is an oligarch or kleptocrat?

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I’m sorry, are we discussing something other than your derail of your comments praising the theft of money in China and its spiriting out of the country?

How do you feel about the Russian mafia laundering their drug money through the Russian banking system?

So, go ahead and make up stories about what Cory writes about and we’ll all have a good belly laugh.

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Remind me, why do you read this blog?

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How do we know the money is stolen?

I got in the habit years ago when it was all about Wonderful Things. The print zine before that. Enough Wonderful Things keep me around and otherwise for shits & grins.

Does it bother you that someone who is outside the mainstream way of thinking here would dare comment?

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You’re talking about yourself?

No, I’m not bothered but that’s not how I’d describe your self-congratulatory navel gazing.

You don’t read much on China, its economics, or who is getting money out and why then, do you?

But, please, tell us again how Cory hates rich people. :slight_smile:

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I think I need a clip of HRC doing the ‘We are doing a lot of agreeing here tonight’ thing in which she shines (the duck says no, though.) I didn’t think it was economics so much as agreeing to float RMB low. A bakers’ dozen of times.

How does a Mao’s Maoist sue himself silly at this point, after all?

Sorry but I don’t have a pithy dismissive comment to avoid answering a question in return.

Surprisingly enough I do keep myself informed on that. At a previous job I had to advise on regional AML/CTF issues for a Tier 1 financial company here in Japan with operations in China. Being able to tell hot from cold money flow is part of that.

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Sorry for the split reply here but it’s almost shabbos so I’m rushing

I don’t know that Cory really hates the rich but he does complain about them and blanketly cast them in a bad light.

Um, the headline should really read “Chinese Millionaire Attempts to Sue Himself […]”. From TFA:

Mr. Harris said he declined the adviser’s proposition, given that it’s unethical. It isn’t clear so far if the method has so far caught fire among Chinese companies, as it would involve having to convince or hoodwink foreign attorneys. Anecdotal feedback to Mr. Harris suggests only one other instance of a similar pitch that he’s heard of.

So this is based on someone trying to sue their own company, and a lawyer turning them down.

I’m sure that apart from the one time he created an offshore shell company in order to sue himself, all of his financial dealings have been totally honest and above-board.

China has had a bureaucratic class with a culture of bribery and corruption since before Jesus was invented. Just last week I was applying for a visa to visit China, and when my application wasn’t up to snuff the nice lady processing my application helpfully informed me how to fake the documents I was missing.

I find the reporting standards on boingboing pretty schizophrenic sometimes too, but I’m fairly sure you’re defending the wrong dude here.

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No one is talking about Uncle Karl here. All criticisms of wealth inequality are not Marxist.

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Fact is, it’s way older than Karl Marx. It’s even older than banking. You can find it in Christian scriptures of old, and various traditions all over the world.

Only recently has the idea that being rich is a blessing that doesn’t bear scrutiny got any significant ideological traction. It’s functionally homologous to the divine right of feudal lords.

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and so what if they were? I like Marx just fine when leavened with other writings that came later.

I blame Ayn Rand.

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