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Flush With Cash: Swiss Toilets Mysteriously Stuffed With 500-Euro Bills (npr.org)
Someone in the Swiss city of Geneva has been trying to flush tens of thousands of euros down toilets. From a report: The bathrooms at a branch of the UBS bank in Geneva, as well as in three nearby restaurants, had pipes stuffed with 500-euro bills that had apparently been cut up with scissors and flushed down the toilets. The mysterious misplaced funds were first reported by a Swiss newspaper, and local authorities have confirmed the incident to multiple media outlets. Each individual bill is worth nearly $600. Collectively, the destroyed bank notes were worth tens of thousands of dollars. The Geneva Prosecutor's Office tells Bloomberg it has launched an investigation into the bathroom bills. Switzerland is not in the European Union, although it is entirely surrounded by EU member countries, and the nation's currency is the Swiss franc.
And now we know where the money went, coke, ladies of the night and flushed down the toilet. Tell me you didn't suspect it all along.
if it's maybe a failed test run by a currency counterfeiter?
Really?
then chickened out.
"Reality is that which, when you stop believing in it, doesn't go away." - Philip K. Dick
I was wondering what caused a drop in silver spot prices this morning.
This is a bathroom bill I could get behind.
...turds?
For all intensive porpoises your a bunch of rediculous loosers
...they spend so much time flushing our money down the toilette, now they just cut out the middleman...?
Here in the US anymore I don't think the average person can even get denominations over $100 (unless they find a collector that happens to have one). They were used mostly for bank/large institution transfers back in the day. The government phased them out claiming a "lack of use" but more likely the disliked the use of the bills ability to be used in anonymous financial transactions.
Or, you know - exactly 500 Euros?
#DeleteChrome
Well now we know what rich people wipe their asses with.
Looks like the food in the UBS company cafeterias is too rich.
The Swiss know a LOT of the shit they handle is illegal, fraudulent, tied to warlords, drug lords, slavers, etc. They don't care until they might get caught.
My guess is this Swiss bank had a ton of counterfeit 500 Euro notes and they knew it, and a few key people had been shredding and flushing them for ages.
This wasn't just flushed money- it was cut up first.That's not a normal thing to do.
My first thought? Mental illness. Sounds like some of the stories you hear from that government office that helps you reclaim money destroyed by fire, mold, or a dementia patient who starts shredding money they had hidden in the house.
See also: https://www.frbservices.org/op...
My 2nd guess is counterfeit money.
I wonder if this is a case of an angry employee trying to take it out on the bank?
WTF is wrong with them?
Nothing wrong with the Swiss as a people, but their banks control the show and how they operate has little to do with loyalty to any one country, so affiliating with a group is not in the best financial interests of the Swiss banks. The reason why they are not in the EU is the same reason why Hitler never invaded them. Ever find it strange that somehow the German industrialists managed to profit from the second world war and come out largely unscathed? Well they had and still have associates in the US and all over the planet that prevent their assets from being frozen or confiscated.
The very same bullshit happens in the British/Canadian bank controlled Caymans and the largely American controlled portions of the Bahamas. Castro fucked them up in Cuba so the money laundering banks that were there had to move.
Switzerland is just the original European version and was up until the end of WW2 just about the only place to effectively launder and hide huge sums of money. The process then changed as the Mafia drug lords and their backers in the CIA needed a place to launder drug money away from European eyes during the Vietnam war and the secret war in Laos financed by the opium trade, hence came the American money laundering in the Bahamas. Hell even Nixon off shored his assets in the Bahamas along with just about every drug dealing criminal king pin in North America. It has become the norm for the greedy assholes of the world to fuck over the country that feed them when it comes to assets.
There never was a "10'000 CHF" bill. 1'000 CHF is the largest one. Check here: https://www.snb.ch/en/iabout/c...
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
> It's not like "phasing out" means the same thing as "make possessing a crime".
But if somebody did possess them as part of a crime, what then?
> That doesn't explain why somone who had them would destroy the rathe rather exchange them or juts leve them in the box.
Money laundering investigators are closing in on the perp, and the perp found out.
Exchanging the notes leaves a record of the person being connected to the money which is very bad evidence. The second takes the risk the box will be opened by an investigator.
Think legal jeopardy. If person X, maybe part of a plea deal or whatever said, "yeah I gave 2 million in euro notes to Boris who was going to keep them in his box in UBS", and then, a few days later, Boris is on tape exchanging 2 million in euro notes and depositing it.... or if his box is opened thanks to a search warrant and they find the money----that's conclusive evidence linking Boris as a beneficiary. Now, if some random notes are randomly found in a sewer, the connection to Boris though suspicious is hardly as black-and-white conclusive to a jury or judge as being caught with the money personally.
This is somebody with more fear of prison (or Putin diplomatic "retirement") than greed for the money.
EUR bills are made of plastic. When it burns, it gives a nasty smell and black smoke. It also shrivels and doesn't fully turn into ash, rather sticks to the underlying surface.
What should have been done was cut them into very, VERY small pieces using a document destroyer.
...gis sdrawkcab (usually not responding to ACs; don't bother posting as AC)
It was more likely a 1,000 note, as 10,000 ones do not exist (and never have).
I'd give my right arm to be ambidextrous.
nasty divorce. People do all sorts of strange and illogical things when they're embroiled in a divorce battle, including burning down houses, crushing cars, etc.
Seriously, at least they didn't light them on fire this time.
-- Tigger warning: This post may contain tiggers! --
I just want to know why we in the USA can't have a $500 note. It is not like $100 is worth that much anymore. Yeesh.
According to the Tribune de GenÃve (local newspaper, in French) the reason for flushing money down the toilet is that some people from Spain had evaded state tax for years hiding money in the UBS bank, and since at the year end tax evasion will be disclosed by Swiss banks to EU countries, these people found nothing better to flush the bills down the toilets of the bank. As the toilets were soon unable to absorb so many bills, the women and one men (as found by cameras) went to nearby restaurants to continue their stupid procedure for destroying embarassing money. The bills have been checked by the police to be genuine.
I stand corrected - it must have been a 1000 CHF note then - whatever it was it was worth a heck of a lot more than the price of two cinema tickets even in Geneva!
to literally flush money down the toilet... nothing wrong with that
In Switzerland I find only 5 CHF coins left on ground as lost coins. What would you expect that such a country would use as toilet paper ?
Wife finds out about the other woman and in a fit of anger, goes to his safe deposit and destroys the thing that the husband most loves?
you do realize that is what they want?
The Swiss must be fighting inflation.
I think you're confusing the Isle of Wight with the channel islands. The Isle of Wight has the exact same laws and taxes as the rest of Britain, whereas the channel islands do not. You want to try that one again, champ? :)
India just did an enormously idiotic thing : https://en.wikipedia.org/wiki/....
However stupid your country is, you'll always have India to look down upon.
Bingo Dictionary - Pragmatist, n. A myopic idealist.
Probably a 1000 CHF note and probably indented to impress, yes.
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.