High crimes in Warkworth
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The main defendant in the case was described as a person with gang affiliations who garnered police attention for his approximately $12 million in assets, including three properties, valuable artworks and 22 luxury vehicles. It was Lowther’s help with selling a $1.1 million Warkworth property that resulted in his money laundering charge.
The main defendant bought the Clayden Rd property in October 2019. Lowther then met with members of the alleged money laundering syndicate months later and arranged for them to receive $5 million that had been stuffed into 12 gym bags and left at a North Shore address, the judge said.
The money was trickled into a bank account through 600 separate deposits before it was used by the alleged syndicate member to purchase the same Warkworth property in August 2020 for $5 million - $3.9 million more than it had been bought for 10 months earlier, court documents note.
“The purpose was plainly to conceal or disguise the source of the $5 million in cash which had been derived from drug offending,” Justice Venning said today. “The understanding was the property still in fact belonged to [the main defendant] and after a period of time the title would be transferred back to him or the property sold and its proceeds returned to [him].”
The property was sold again the following year for $1.6 million.
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@Tim said in High crimes in Warkworth:
The main defendant in the case was described as a person with gang affiliations who garnered police attention for his approximately $12 million in assets, including three properties, valuable artworks and 22 luxury vehicles. It was Lowther’s help with selling a $1.1 million Warkworth property that resulted in his money laundering charge.
The main defendant bought the Clayden Rd property in October 2019. Lowther then met with members of the alleged money laundering syndicate months later and arranged for them to receive $5 million that had been stuffed into 12 gym bags and left at a North Shore address, the judge said.
The money was trickled into a bank account through 600 separate deposits before it was used by the alleged syndicate member to purchase the same Warkworth property in August 2020 for $5 million - $3.9 million more than it had been bought for 10 months earlier, court documents note.
“The purpose was plainly to conceal or disguise the source of the $5 million in cash which had been derived from drug offending,” Justice Venning said today. “The understanding was the property still in fact belonged to [the main defendant] and after a period of time the title would be transferred back to him or the property sold and its proceeds returned to [him].”
The property was sold again the following year for $1.6 million.
This is what happens when you flunk maths and business studies at college
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@Bones said in High crimes in Warkworth:
I can never understand this kinda thing. Surely just better to be comfortable and stay below the radar, rather than a flashy fluffybunny and spend half your time in jail?
I hear that. Every time I think of the Wolf of Wall Street I wonder why he didn’t take the deal, shut everything down and avoid jail time ? How many Yachts, Helicopters, Cocaine snorting sessions out of supermodels assholes etc is enough ?
Jordan Belfort is a fucken criminal who should still be in jail in my opinion and whilst in one sense it’s easy to point the finger at the dumbarses who fell for his telemarketing schemes the fact he hasn’t paid a lot of them back really irks me.
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@Bones said in High crimes in Warkworth:
@nzzp is that it though? Surely at luxury car number 21, he goes.... maybe I don't need a 22nd luxury car?
It reminds me of a reality show some years back about people whose job it was to do shopping for mega wealthy celebrities ( actually some weren’t even celebrities but definitely mega wealthy )….
I remember there was massive stress in one episode where the job was to order in cases of champagne for a party at about $30,000 each but they were out of stock and could “only” get the cheap nasty shit that was $25,000 or so ( these figures might not be completely accurate it was a few years back )
……but the point I’m making is there’s definitely some kind of massive mental illness there.
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@Bones said in High crimes in Warkworth:
I can never understand this kinda thing. Surely just better to be comfortable and stay below the radar, rather than a flashy fluffybunny and spend half your time in jail?
Two types of criminals that get caught; the dumb and the desperately unlucky. 22 luxury vehicles suggests which he was. Not even smart enough to go crypto and wash the cash with NFTs.
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@MN5 said in High crimes in Warkworth:
@Bones said in High crimes in Warkworth:
@nzzp is that it though? Surely at luxury car number 21, he goes.... maybe I don't need a 22nd luxury car?
It reminds me of a reality show some years back about people whose job it was to do shopping for mega wealthy celebrities ( actually some weren’t even celebrities but definitely mega wealthy )….
I remember there was massive stress in one episode where the job was to order in cases of champagne for a party at about $30,000 each but they were out of stock and could “only” get the cheap nasty shit that was $25,000 or so ( these figures might not be completely accurate it was a few years back )
……but the point I’m making is there’s definitely some kind of massive mental illness there.
Interestingly, that's not mental illness - it's normal human psychology. The Happiness Lab by Dr Lori Santos is really good. Covers this normalisation in one of the episodes- wealth and expectations shift as you get more. It's as alien to us as a starving person in <wherever> thinking we've lost the plot as we can't get our favourite <craft beer/chip brand/toilet paper>.
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@nzzp said in High crimes in Warkworth:
@MN5 said in High crimes in Warkworth:
@Bones said in High crimes in Warkworth:
@nzzp is that it though? Surely at luxury car number 21, he goes.... maybe I don't need a 22nd luxury car?
It reminds me of a reality show some years back about people whose job it was to do shopping for mega wealthy celebrities ( actually some weren’t even celebrities but definitely mega wealthy )….
I remember there was massive stress in one episode where the job was to order in cases of champagne for a party at about $30,000 each but they were out of stock and could “only” get the cheap nasty shit that was $25,000 or so ( these figures might not be completely accurate it was a few years back )
……but the point I’m making is there’s definitely some kind of massive mental illness there.
Interestingly, that's not mental illness - it's normal human psychology. The Happiness Lab by Dr Lori Santos is really good. Covers this normalisation in one of the episodes- wealth and expectations shift as you get more. It's as alien to us as a starving person in <wherever> thinking we've lost the plot as we can't get our favourite <craft beer/chip brand/toilet paper>.
The pain is real
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@MN5 said in High crimes in Warkworth:
@nzzp said in High crimes in Warkworth:
@MN5 said in High crimes in Warkworth:
@Bones said in High crimes in Warkworth:
@nzzp is that it though? Surely at luxury car number 21, he goes.... maybe I don't need a 22nd luxury car?
It reminds me of a reality show some years back about people whose job it was to do shopping for mega wealthy celebrities ( actually some weren’t even celebrities but definitely mega wealthy )….
I remember there was massive stress in one episode where the job was to order in cases of champagne for a party at about $30,000 each but they were out of stock and could “only” get the cheap nasty shit that was $25,000 or so ( these figures might not be completely accurate it was a few years back )
……but the point I’m making is there’s definitely some kind of massive mental illness there.
Interestingly, that's not mental illness - it's normal human psychology. The Happiness Lab by Dr Lori Santos is really good. Covers this normalisation in one of the episodes- wealth and expectations shift as you get more. It's as alien to us as a starving person in <wherever> thinking we've lost the plot as we can't get our favourite <craft beer/chip brand/toilet paper>.
The pain is real