Category Archives: Cash to the Caymans in the private jet

CASH TO THE CAYMAN ISLANDS

The Learjet, a Great Cash-hauling 'Capitalist Tool."

 

 

Of the many areas for the political pundit “talking heads” to capitalize on, it looks as if Mitt Romney’s few hundred million U.S. dollars in the Grand Cayman banks are of major concern. Although the international banking commuity has made it a bit more difficult for the “one percenters” to hide their mega-millions in off-shore banking accounts, there are still loopholes to be capitalized on. Since I hauled at least 10 million dollars of cash in the chartered Learjet to Grand Cayman for opportunistic entrepreneurs I was compelled to include a mention of such in my book.

The following is an excerpt from page 84 of The Rogue Aviator:

{The big-money flights did not always center on the boys, as there were many legitimate businessmen who despised the idea of paying taxes and, instead, shuffled their monies out of the country into offshore accounts. Many flights to Grand Cayman were flown with the baggage compartment stuffed with large suitcases filled with cash. It was particularly interesting to observe the nonchalant fashion of the airport authorities at Grand Cayman as they opened the suitcases, observed the many millions of dollars, and very expeditiously processed the entry forms for the wealthy tax evader. Grand Cayman was a popular scuba diving resort, but offshore banking was the crux of its economy, and the massive quantities of cash were readily welcomed. The locals enjoyed a relatively high level of economic security and a very comfortable lifestyle. Money laundering is good work if you can get it! Ace and his flying companions often got wind of reports of famous and prominent aviation entrepreneurs who took their company to bankruptcy and were later seen taking private jets to Grand Cayman. The U.S. dollars that have been illegally deposited in offshore accounts in the last four decades would pay off the national debt and provide the American citizenry with free medical and dental care for many years.}

This blog was prepared by Ace Abbott, the author of The Rogue Aviator (www.therogueaviator.com)

The Learjet, a Great Cash-hauling "Capitalist Tool."