• NB: A warning to persons unknown.

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    Above, the Federal Correctional Complex, Butner (FCC Butner) is a United States federal prison complex for men in Butner, North Carolina. It is operated by the Federal Bureau of Prisons, a division of the United States Department of Justice. FCC Butner is about 25 miles northwest of Raleigh, the state capital. This is presently the residence of a certain Mr Madoff!

    Today’s EU Referendum blog-post (http://eureferendum.com/blogview.aspx?blogno=86939) once again dissects and examines the entrails that are the product of the ongoing process of Brexit.

    Once again there are – well researched and valid – portents of economic doom written on the electronic pages of cyberspace.

    In our article yesterday which took the form of an open letter to Mrs Miller (http://www.british-gazette.co.uk/2018/07/21/an-open-letter-to-mrs-gina-miller/), we drew her (and other readers) attention to a possibility that come 11:00PM on Friday 29th March 2019 the sky will not fall in!

    Now it has to be said that the belief that the sky will not fall in after 11:00PM on Friday 29th March 2019 is not a belief held by many of Doctor North’s readers. It is however a belief held by most UKIP members!

    It is the firm and oft stated opinion of the British Gazette that those UKIP members who believe that a “no deal” Brexit will not be a disaster are deeply and fundamentally mistaken. We go on to state that in all cases this belief is honestly and sincerely held and that these UKIP members do NOT form part of any conspiracy to create a false market in securities!

    In other words, these people are guilty of nothing other than expressing (sometimes noisily) a genuinely held opinion.

    This is NOT a crime!

    However:

    There MIGHT be persons unknown – who are NOT members of UKIP – who, unlike these Ukippers – do realise that a “no deal” Brexit will be hugely damaging for the UK economy. That such persons unknown intend to take advantage of this situation – one which they are campaigning and arguing for – for their own financial benefit.

    This is how they MIGHT be doing it:

    They will instruct intermediaries to incorporate a tax exempt offshore company in such as the Turks & Caicos islands. The company will be incorporated with Bearer Shares (which means that no shareholders are named on the register) and that nominee directors will be appointed. A bank account denominated in US$ will be set up in Panama. Money will be deposited – via banks in Switzerland to avoid easy detection.

    Upon a “no deal” Brexit the values of London property (and property elsewhere in the UK) will fall – dramatically and quickly. Shares in many UK companies will fall heavily. At a point where they consider is at or near the nadir the nominee directors will be instructed to purchase assets (property and equities).

    Upon the UK re-entering the EU and joining the ERM prior to entering the Eurozone the value of these assets will rise – rapidly and greatly.

    At a point where they consider is at or near the peak, the nominee directors will be instructed to sell the assets (property and equities). This will realise a huge profit!

    Since the company is offshore in a Nil tax domicile there will be no capital gains or corporation tax to pay!

    Now, these persons unknown may after this profit taking consider themselves most fortunate. However they should be aware that in the eyes of the United States Justice Department they will be viewed as being serious fraudsters!

    This is because anybody of whatever nationality operating anywhere in the world will be in the DoJ’s eyes subject to their jurisdiction as the US $ has been used. In addition US investors will have been adversely affected.

    Those who doubt this should consider the case of the Unfortunate Tom Hayes.
    GOTO: http://www.british-gazette.co.uk/2015/08/04/tom-hayes-the-punishment-should-fit-the-crime-this-one-does-not/
    Mr Hayes was convicted of Libor offences and his harsh sentence was handed down at the insistence of the US DoJ!

    Thus we can expect that IF a “no deal” Brexit takes place and those who suggested that there is nothing to fear with a “no deal” Brexit make a lot of money from purchasing assets at the nadir and selling same at the peak they can expect to be assisting the FBI with their enquiries!

    They could well end up in the austere surroundings of Federal Correctional Complex, Butner!

    Do not be misled by the attractive gardens!

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