Subtitles section Play video
-
I've been tracing dirty money for more than 30 years.
-
Studying kleptocrats all over the world, distinct patterns emerge.
-
[kleptocracy (n.) when those in power steal government funds for personal use.]
-
The thing about kleptocrats is that the moves and tricks they like to use each contain the seeds of their own destruction.
-
They can get caught at every stage.
-
And those patterns are the basis of our new game, Kleptocrat: How to Hide Dirty Money.
-
In virtually every case, corrupt people took six separate steps to conceal their assets.
-
Take the money under the table.
-
Create a financial structure to hide it.
-
Move the money into the structure.
-
Network with family members to run the operation.
-
Cover up their tracks.
-
And last, since it's no fun for the money to sit gathering dust, take the money out and enjoy it.
-
I know nothing about Paul Manafort or the allegations in the indictment against him.
-
I read the Manafort indictment, and lo and behold, the allegations match the six-step pattern.
-
It says Manafort allegedly took 18 million USD secretly from Ukraine.
-
That's step one.
-
Step two: Manafort allegedly created a blizzard of offshore companies, with names like Bletilla.
-
They're on tiny islands I bet most people couldn't even find on map.
-
Then step three: He allegedly started moving the money around.
-
Six separate companies on the island of Cyprus sent more than 5 million dollars to a home-improvement firm in the Hamptons.
-
Step four: Manafort allegedly enlisted some of his relatives to help.
-
The indictment says he got his daughter and son-in-law to pretend to live in the real estate he was buying.
-
Step five is covering up your secret money.
-
Manafort allegedly lied to his accountants, and to the federal agents, about the funds.
-
He used multiple passports and he quote “developed a false and misleading cover story” unquote.
-
Lastly, Manafort allegedly brought the money out to play.
-
The indictment says he “used his hidden overseas wealth to enjoy a lavish lifestyle in the United States.”
-
I guess sometimes a game can help you understand the news.
-
[Manafort has pleaded not guilty to all charges.]