From: Sandy Sandfort <sandfort@crl.com>
Date: Sun, 17 Apr 94 19:47:16 PDT
To: Eric Hughes <hughes@ah.com>
Subject: Re: Laundering money through commodity futures
In-Reply-To: <9404180119.AA00279@ah.com>
Message-ID: <Pine.3.87.9404171902.A3188-0100000@crl2.crl.com>
MIME-Version: 1.0
Content-Type: text/plain


C'punks,

On Sun, 17 Apr 1994, Eric Hughes wrote:

> . . . [quotes from another poster]
> You still need infinite pockets with transaction costs of zero.
> . . . [blah, blah, blah]

Almost everyone posting on this subject keeps forgetting that this isn't 
an exercise in probablity theory.  These are rigged transactions.  The fix 
is in.  A broker in on the deal assigns the wins and loses *after* the 
trades are completed.  This is not conjecture; I used to work for someone 
who--by his own admission--used to perform a similar service for clients.


 S a n d y

P.S.  I'm not picking on Eric, he just had the most recent post.