Tag Archives: System D

Almost Every Passenger on Indian Flight Found Carrying 1kg of Gold

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“Faced with curbs on gold imports and crash in international prices leaving it cheaper in other countries, gold houses and smugglers are turning to NRIs to bring in the yellow metal legally after paying duty. It was evident last week when almost every passenger on a flight from Dubai to Calicut was found carrying 1kg of gold, totalling up to 80kg. At Chennai airport, 13 passengers brought the legally permitted quantity of gold in the past one week.  ‘It’s not illegal. But the 80kg gold that landed in Calicut surprised us. We soon got information that two smugglers in Dubai and their links in Calicut were behind this operation, offering free tickets to several passengers,’ said an official.”

http://libertyblitzkrieg.com/2013/12/23/the-times-of-india-almost-every-passenger-on-a-flight-from-dubai-to-calicut-was-found-carrying-1kg-of-gold/

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Even more smuggled gold enters India

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mineweblogo4

“In the biggest ever catch at the Hyderabad airport, customs officials have seized 18 kilograms of gold and arrested three people. The trio had arrived from Singapore and were hiding the gold bars in their trousers and shoes. In another incident, officials of the customs department recovered gold hidden in dates from a man who landed at the Pune International Airport.  Investigation revealed that the seeds of these dates had been replaced with gold beads wrapped in black packets.  Gold seizures have almost doubled for the period 2013-2014. Whistleblowers who help bust illegal gold shipments can get a bigger reward in India than those who help catch cocaine and heroin smugglers.”

http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=222614&sn=Detail

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Bitcoin poker wins online after U.S. shuts cash sites

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“The move to bitcoin in online poker started after the Department of Justice seized three of the biggest poker websites in the U.S. on April 15, 2011, a day known as Black Friday in the poker community.  Federal authorities aren’t sure if it’s a currency, a security, or something else altogether. Designation aside, bitcoin is increasingly used in very traditional purchases, from buying a house to getting a beer, and lately, playing a few hands of Texas Hold ‘em.  The online poker sites embrace this connection with a world that operates without the blessing or even direct interaction with traditional financial institutions.”

http://www.marketwatch.com/story/bitcoin-poker-wins-online-after-us-shuts-cash-sites-2013-12-20

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Inside the bustling, dicey world of Bitcoin gambling

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“Bitcoin gambling has been around for as long as the currency itself, which was created in late 2008.  In fact, the timing couldn’t have been better. Two years earlier, Congress passed the Unlawful Internet Gambling Enforcement Act, which prohibited casinos from accepting payments for bets made online. The move pushed online gambling into the corners of the Deep Web, where users are protected by the Tor browser. And it created a high demand for online gambling sites based in Europe and Canada, where the practice is legal.  In both cases, Bitcoin makes an ideal currency for bets placed, due to its anonymous nature and its low payment-processing costs.”

http://www.dailydot.com/business/bitcoin-gambling-just-dice-video-casino/

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Did A Silk Road Successor Just Commit the Perfect Bitcoin Scam?

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“Yesterday, Sheep Marketplace, an anonymous digital narcotics bazaar that grew popular after the shutdown of the Silk Road, announced that it had been robbed of 5,400 bitcoins—the equivalent of $6 million at current exchange rates—and then promptly shut itself down. This came just days after Black Market Reloaded announced it would be shutting down due to an inability to absorb a massive influx of new users leaving Sheep Marketplace.  So, was the Sheep Marketplace a scam, or was the site, as its admins claim, the victim of theft? The consensus on Reddit, SheepMarketScam, and the site’s forum is that the black market’s creators were the thieves.”

http://motherboard.vice.com/blog/did-one-of-the-silk-roads-successors-just-commit-the-perfect-bitcoin-scam

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Can We Ever Trust Black Market Websites Again?

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“When you thought that customers were safe from vendors because of the review and escrow system, and vendors were safe from the authorities because of all the technical efforts made by the market site owners (and lack of mistakes, unlike the Silk Road owner) to ensure everyone’s anonymity, making the whole thing a great place to engage in illegal activities, turns out there’s a new problem in town: market sites scamming vendors and customers alike.  Atlantis was the first to go, taking everyone’s money. Then one of the markets that popped up after SR went down and was gaining popularity also shut down, also taking everyone’s money with it.”

http://www.manuelflara.com/can-we-ever-trust-black-market-websites-again/

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Researchers Retract Report That Linked Bitcoin Creator and Silk Road

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“Two Israeli computer scientists who over the weekend published a paper describing a financial connection between the Bitcoin peer-to-peer transaction system and the operator of Silk Road, an Internet black market, have backed away from the claim after an independent security researcher took responsibility for the puzzling account that generated the transfer.  According to Meni Rosenfeld, a mathematician who is chairman of the Israeli Bitcoin Association, one possibility is that the Silk Road service might have been run by a group, rather than an individual. This might explain why the F.B.I. has not been able to easily recover the additional Bitcoins.”

http://bits.blogs.nytimes.com/2013/11/27/researchers-retract-report-that-linked-bitcoin-creator-and-silk-road/

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A Proper Use For Bitcoin: Avoiding Capital Controls

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“Imagine you are in a country with capital controls: that was much of the western world up until the late 1970s, early 1980s in fact. Until 1979 in my native UK you had to have permission from the government to take more than £25 out of the country. In fact, George Orwell had to ask permission to use his own dollar royalties to buy the new American drugs that didn’t cure his tuberculosis.  These sorts of restrictions still apply in countries around the world. What Bitcoin can do is make such regulations a simple matter to avoid. Rather than trying to take a suitcase of cash on the plane you can just buy Bitcoin locally, stick your USB stick in your pocket and then travel.”

http://www.forbes.com/sites/timworstall/2013/11/21/finally-a-proper-use-for-bitcoin-avoiding-capital-controls/

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Alleged Silk Road Boss Now Accused Of Six Murders-For-Hire, Denied Bail

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“The journal, according to Turner’s account, also details how Ulbricht grew several kilos of psychedelic mushrooms in a lab in an ‘off-the-grid’ cabin to have an initial product to sell on the Silk Road. In a spreadsheet found on Ulbricht’s computer, Turner said Ulbricht’s expenses and income were listed, including a line for ‘sr inc.’ that he said listed its value at $104 million.  To support the prosecution’s argument Ulbricht represented a flight risk, he noted that Ulbricht had taken steps towards applying for citizenship in the island nation of Dominica, and had discussed moving there with friends on Facebook.”

http://www.forbes.com/sites/andygreenberg/2013/11/21/alleged-silk-road-ross-ulbricht-creator-now-accused-of-six-murder-for-hires-denied-bail/

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India: $1.2 million in gold bars found stashed in Boeing 737 bathroom

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“A hidden stash of gold bars worth $1.2 million was found in a commercial jet’s bathroom on Tuesday.  An aircraft maintenance crew found the 24 gold bars in two bags aboard a Jet Airways Boeing 737 while they performed routine end-of-day checks at Kolkata, India, airport.  The bars weigh 53 pounds in total and appeared to have originated in the United Arab Emirates. While this is the first time gold bars have been found on a plane at the airport, security checks have in the past caught people trying to smuggle gold onto aircraft in their hand luggage, the airport director said.  India has traditionally been the world’s largest importer of gold, although that title is being threatened this year by China.”

http://worldnews.nbcnews.com/_news/2013/11/20/21545372-12-million-in-gold-bars-found-stashed-in-boeing-737s-bathroom

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