Would this work, or would I go to jail?

Maintenance for a Ferrari is not cheap...

A lot of people cant afford to buy a Ferrari, yet they cant afford to keep them...

My advice is don't do it, like said above the IRS will be all over you if your young and rolling in a Ferrari with a low income...
 
Advertise on BHW
skylark516 said:
Ok. changing the topic. If I wanted to leave america. What would be the best country to go to?
Click to expand...

India. Most of the Government employees doesn't even realize that one could earn from Internet.
 
Last edited:
I remember reading about several criminals being caught by police years after fleeing the area they committed their crimes and assuming new identities due to their flashy cars. Flashy cars attract envy, make the wrong cop jealous and he might take a personal interest in your livelihood.
 
skylark516 said:
I have an anonymous corporation in panama. It is totally anonymous. It has no link to my name.

I want to buy a ferrari, using the non-taxed income from my corporation.

I was planning on buying the car, and registering it to my corporation, then buying it from my corporation for 1$.

This way I got the car, but I still have a (low) income.

Would this work, or am I shooting myself in the foot?
Click to expand...

Make sure your "anonymous" corporation is a financing corporation and have your corporation make a official loan to you with paperwork and everything but the thing is you never pay it back....thats how the pros do it(cartels and mafias)
 
orbit said:
Why would you need to take the registration out of the corporations name? Couldnt you set up some lease paperwork so it looks like the company leased you the car?

I dont know, just throwing out an idea.
Click to expand...
that would work and also if you have enough money that you want to launder i'd recomend setting up another financial institution locally thats funded by your panama one.
 
Why don't you keep sending $9,000 payments ($10000 gets reported to the IRS )from you company to you until you can buy the ferari? Not a good idea but I'm sure they'll get more suspicious if you buy a ferari for $1 :P
Posted via Mobile Device
 
trafficsource said:
man if you have even little % to rent this car and if you want it very much (I am sure you do) then take it right away.
life is for living. soon everybody dead anyway :)
but yeah if you live in USA then there life sucks....I never ever go to live USA because there crazy how much years may get if doing something wrongly!
come to Europe! especially eastern Europe ;) here life is easy and girls good- not fake ones!
Click to expand...



i plan on doing a 2 month tour of europe once i start making 10k a month, amsterdam and red light district here i come :)
 
Silencer said:
Why don't you keep sending $9,000 payments ($10000 gets reported to the IRS )from you company to you until you can buy the ferari? Not a good idea but I'm sure they'll get more suspicious if you buy a ferari for $1 :P
Posted via Mobile Device
Click to expand...

Thats called smurfing. seriously.
 
I second that. This works almost all the time, but be sure to check with a lawyer first.
You can also create a new business, like rent a luxury car company and get any number of luxurious cars that you want. This last actually is advice which is very often suggest by financial advisors: incorporating business does business with stuff you want.

all_for_war said:
Make sure your "anonymous" corporation is a financing corporation and have your corporation make a official loan to you with paperwork and everything but the thing is you never pay it back....thats how the pros do it(cartels and mafias)
Click to expand...
 
monetizaction said:
You want to buy a ferrari and youre asking your question on BHW??? Cant you pay a lawyer, accountant or whatever to give you better advice than anyone here???

Just saying since you could go in jail...
Click to expand...

monetizaction is right on the money!! Wtf are you asking this here for?
Also, any good cpa or tax attorney would best advise you, and ask you which prison you prefer.
 
You better have a good lawyer if you decide to do it that way....

But WTF , you only live once.
 
trafficsource said:
especially eastern Europe ;) here life is easy and girls good- not fake ones!
Click to expand...

Perhaps this would be a more encouraging piece of advice had you told the OP that "here life is good and girls easy". I'd probably be more enticed to move there in that case ;-).
 
as others have said it's a SUPER bad idea. plus when you go to register the car in your state/country you'd have to pay taxes on the car... a wholllllle lot of taxes
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top