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List Released With 132 Names Who Pulled Cyprus Deposits Ahead Of "Confiscation Day"
With every passing day, it becomes clearer and clearer the Cyprus deposit confiscation "news" was the most unsurprising outcome for the nation's financial system and was known by virtually everyone on the ground days and weeks in advance: first it was disclosed that Russians had been pulling their money, then it was suggested the president himself had made sure some €21 million of his family's money was parked safely in London, then we showed a massive surge in Cyprus deposit outflows in February, and now the latest news is that a list of 132 companies and individuals has emerged who withdrew their €-denominated deposits in the two weeks from March 1 to March 15, among which the previously noted company Loutsios & Sons which is alleged to have ties with the current Cypriot president Anastasiadis.
From Sigma:
Money transfers made within 15 days, namely from 1 until March 15. On Friday, March 15, had met the Eurogroup, which officially decided to impose a tax on deposits by companies and individuals in all financial institutions in Cyprus.
These 132 companies and individuals have withdrawn all deposits in euros, dollars and rubles, which were transferred to other banks outside Cyprus.
The disclosure of the list, which shows that the outflow of deposits from local banks other financial institutions outside Cyprus became massively raises suspicion that some had inside information about the decisions taken by the other 16 eurozone countries in exchange for financing deficits of the economy.
In listings, and the company is Loutsios & Sons Ltd, which carried 21 million deposit in a UK bank, while the owner of the company is alleged to have family ties with the President of the Republic, Nikos Anastasiadis.
The first column are names of companies and individuals in the second record of the amounts withdrawn in the third column refers to the amount withdrawn in the same currency, the currency in the fourth and the fifth and last column refers to the date of transfer.
So, ironically enough, in answer to our question from last week, "So Who Knew", the answer appears to be everyone.
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woooooot
I think I spotted Corzine's name on that list ...........
Let's just call it the guillotine list and wait with beer and peanuts for the action to start. hujel
Chances are most of the funds held in Cyprus banks is crooked money, owned by crooks.
I think the First Wookie had some of her (our) vacation money held there....she has to be on the list.
Maybe she used a fake name like Mrs. Soetoro.
That's a list of people and entities living on borrowed time or on the wrong side of Gitmo.
,,,,,who knew you ask Durden??????,,,,apparently everybody!!!!!!!!!!! Wel, nobody on this fucking board.
Good to See that Exxon Mobil got its 2.6m Euro's out in time. The ran the account to zero. Smart? Or did someone give the gold old boys at Exxon a whisper?
Bruce.
I just did a one man run on BAC. Granted, my nickle-ninety-eight paled in comparison. I did it because I don't like the way they or their dog do business. Will I be on a shit list in the future for that if they go tits up?
Or will I be accused of receiving privileged information found here on ZH? I mean the chorus here has been shouting from the rooftops to GET OUT of the cabal for some time now?
Or maybe I'd be chastised because I had basic horse sense?
Look at the debt overhang, unfunded liabilities and derivatives goblins out there in Ponzi World at present.
Would it be considered acting on "inside" information to bail at this point, just because the mob is at a "disadvantage" because it doesn't seem able to digest such data?
Why do I feel like the guy, back in 06, trying to tell the star struck flippers that the RE tree wasn't going to grow to the sky, again?
Here's some inside info. The EU is doomed. Transfer your dinero from Italy to Spain to Germany and see what difference it makes in the end.
And save the argument that it's illegal to act on inside information. This is the real world. The Corporatist world, where the only heads that roll are of those who upset the agenda. Ugly, I know, but reality.
I think one of many reasons there has been no public outlash and/or rioting or killing is that of the 1MM citizens of Cyprus, 99% of em had less than 100,000 Euro. Once the Booze & Tobacco surcharges kick into high gear, along with negative pension adjustments, then things are gonna Rock.
The upper 1%(mainly off island investors)who are gonna get a 60% haircut will slowly start killing,quietly.
I think one of many reasons there has been no public outlash and/or rioting or killing is that of the 1MM citizens of Cyprus, 99% of em had less than 100,000 Euro. Once the Booze & Tobacco surcharges kick into high gear, along with negative pension adjustments, then things are gonna Rock.
The upper 1%(mainly off island investors)who are gonna get a 60% haircut will slowly start killing,quietly.
Good point.
What percent of the $$ was pulled?
Sorry but how many of us have 130000 dollars (100000euros) in the bank? I own rental properties, I own stocks, I own annuities, I retired at 54, and I have less than $100,000 in my bank account. i ain't that stupid!
The problem is not that people moved money ahead of the haircut. The problem is insiders were tipped off. We need to be reminded from time to time the fraud and theft is occurring on a global scale. Only the well connected will be allowed access to safe havens.
Anyone trading FX should have seen the huge amounts flowing into CAD and AUD March 1st-14th. Most probably companies/government out of Cyprus while the people got boned with capital controls.
The most comical thing was watching shipping containers arrive with Euro's for the slaves in Cyprus.
Similar trends also ought to be monitored in Italy and Spain proactively from now on.
Wonder how many small Companies are going to see a big haircut in their working capital? Companies that HAD to maintain a Cypriot based account?
This is where the future pain will lie - money that could have been invested in useful activity has been "forcibly re-invested" at the behest of others.
Looking at "the list" one is very hard-pressed to deny evidence of "insider trading", or at least "inside information". Wonder who profited from this data leakage (and by how much!).
Users' are losers'.
Thar 'tis!
Put your money on the table and spin the wheel. Too late to worry whether it's tilted.
ATED deposits increased 900 million ? it was incorporated in feb4/13
May be that's the reason for BITCOIN jump to 100.00
:P
I'm still waiting for someone to explain to me how bitcoin isn't the mother-of-all-fiat.
We will, once it crosses 10k. In fact I'll be happy to educate you for the tiny fee of one bitcoin. Until then just ignore it :-)
The Bitcoin Channel
They should pull aside the principals of the list, not the front and tell they they will be publicised unless they tell who in Cyprus told them to get out and then string that person/group up by their gonads or breasts.
I like playing devil's advocate as much as the next guy, but fuck these names and their moms. String these faggits up. This is bullshit. Not so much as a peep about this from anyone before D-Day. Its all fun and games til it happens to you. Anyone remember how shit was hitting the fan and then Bernank dropped QE2? I got shellacked real fucking good then and I haven't forgot. This has nothing to do with capitalism. These fucking guys all have the lowdown and will let you get fleeced at every turn. They don't give a fuck about you. I say string em up
All those investment and holding companies are pension funds, chasing the cash yield on toxic Cyprus banks. No conspiracy theory. Cypriots (goverment) owned Cypriot trash, i.e reflection in the mirror.
The Cypriots better get going with their revolution, capital controls will NEVER end in that blueprint country.
Side note: Asian war drums beating louder, China's attack dog (Nth Korea) is allowed to get frisky. You can 100% guarantee that bonds globally will be dumped as will equities. So, we might just have bank runs in France, maybe even Germany if the EUR is finally slaughtered, as China dumps the West.
BusinessWeek database: Auburn Investments Limited manufactures industrial machinery like power boiler and heat exchanger and is based in Cyprus.
Yeah right. Crafty craftsmen.
I've been gone all day. What'd I miss guys? Holy shit today was nice, that little transition from winter to sunny spring with a very, very slight breeze hiking in the woods looking at rock formations and measuing striations and folds...
Anyway...last night (this part I'm making up) I had a dream where a crew of rough looking bald dudes speaking Russian with Ukranian accents motored a small watercraft onto these semi-pristine gold sand beaches of some island with a distinct chapparal climate.
Then more boats came ashore and the crews of these boats linked up. In the huddle they pulled out several pages which looked like lists which names on one side and numbers on the other. There were several pencil and pen marks on these pages. After comparing notes the men put the papers back in their brest pockets (all wearing suits after the boat trip, but hey this is a dream right) and broke huddle. A few of the group pulled boats into a patch of conveniently placed bushes not too far inland as the remainder scattered into various directions looking shifty-eyed.
The next day dozens of medium and large sized business owners, politicians, and bankers, their wives and children were found dead throughout the nation of Cypress. The newspapers ran ghastly yet sensational headlines, all proclaiming the new development to be a complete mystery.
132 is not everyone....... just those "in the know"
..... Shocking! A few lines down from top of list is the Cyprus Electric Authority. Where were you when they left on the lights?
20 million euros up for grabs.
I guess when they get to the bottom of that pile-o-coal, the lights go out in Cypress.
This list only proves these people are connected. They did nothing wrong. I want to see the list of the people that wer eallowed to transfer funds out after the banks were closed.
No big deal, just Pesos right? What? Holy crap that's Euros! There's nothing left.
Confiscation of Savings in Canada - Cyprus-Style “Bail-Ins” Proposed by Government
its official!
The Government proposes to implement a ?bail-in? regime for
systemically important banks. This regime will be designed to ensure that,
in the unlikely event that a systemically important bank depletes its
capital, the bank can be recapitalized and returned to viability through the
very rapid conversion of certain bank liabilities into regulatory capital.
more:
http://homment.com/confiscation-canada
And on that note, the smart money stampedes and gets itself on a brand new "insider" list to be released here, shortly after the Bail In is announced on MSM.
Only this time, it's Chi-com money that will be liberated to fire up velocity.Can't have that Canadian House Bubble falter, can we?
Hang 'em High.
They hang horse thieves don't they? So why not bankers? What more can be said about thieves? Hell was made for them.
who is ateo investments limited? withdrew 2 billion in two equal amounts..
http://bizzy.co.uk/uk/04771218/ateo
"PRESIDENT Nicos Anastasiades yesterday denied that money transferred out of Cyprus by some of his relatives just before a controversial EU decision to raid bank deposits took place because he had given them advance warning of a haircut on savings.
“I never knew, and it was never possible for me to wage war until Saturday morning [March 16] to avoid what they imposed on us and at the same time supposedly tip-off people,” Anastasiades said yesterday."
CYPRUS MAIL
Keep in mind that the people who protected their money by moving it are not the criminals. The criminals are the (central) bankers who enslave others with fiat created at no cost out of thin air and then steal real assets.
All animals are created equal, but some animals are more equal than others. (Animal Farm)
How dare those 132 people should want to keep what they have left. Scoundrels! So now, governments around the world will view it proper and just to list who has what and where they bank and what assets people have and their friends, acquaintances, relatives. Do you see where this is going? Correction, do you see where we've gone? Class envy and class warfare is the convenient distraction, the real problem is government's mismanagement of money to the point that the only way to keep the people from blaming the government and seeing the truth is to keep them warring against each other.