Darn it

[Wolf DeVoon]

Why can't I ever think up something cool like this?

The misinvoicing of trade is accomplished by misstating the value or volume of an export or import on a customs invoice. Trade misinvoicing is a form of trade-based money laundering made possible by the fact that trading partners write their own trade documents, or arrange to have the documents prepared in a third country (typically a tax haven), a method known as re-invoicing. Fraudulent manipulation of the price, quantity, or quality of a good or service on an invoice allows criminals, corrupt government officials, and commercial tax evaders to shift vast amounts of money across international borders quickly, easily, and nearly always undetected... over $800 billion a year in misinvoiced "hot" money [Zero Hedge]

[Brant Gaede]

Yep, trillions out of emerging markets the last ten years.

I had already read the article. I didn't think it'd be of OL interest. If you keep posting this kind of stuff it will pull in new readers here.

--Brant