Another vague swindle

Since I’m in swindle mode this morning, here’s a new/old swindle.

The clip is full of info on the mysterious Family Offices. Most are simply a modernized and secretized version of business managers. Rich devils have always set up corporate structures to manage their money and art collections and yachts and mansions. The newer form is more independent, more like a hedge fund, and often based in crime and tax havens like Singapore or Bahamas. (Sammy’s “exchange” had the flavor of a Family Office for rich tax-evading criminals.)

A few swindlers have developed a new variation on the old Fake Heiress game, perfected by Madame d’Aurignac. They take part in the “conference circuit”, a network of Family Office representatives in Singapore and Hong Kong. Because the Offices are secret by intention, it’s very hard to determine whether these swindlers are actually connected. They take advantage of the ambiguity to get free hotels and fancy meals and other goodies, and to establish credibility with the real representatives.

Quote from the clip: When a Family Office is well run, you don’t know it’s there.

The same rule applies to private security forces owned by the same rich devils. If the security is good, you don’t know it’s there.

And the same rule applies to scams.