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The market doesn’t seem to sufficiently appreciate the risk that the government says: “Hmm, interesting theory that this money the money launderer has is your money. Were you money laundering? Or do we get to keep this?”
This isn’t a particularly cynical take, either; it was the opening part of the negotiation with Mt. Gox’s bankruptcy trustee over the customer deposits at Mutulum Sigulum, their US subsidiary and money laundering front. Conversation went:
Government: “We have you pretty dead to rights.”
Trustee: “I just got here, and am an actual responsible adult. What are my options?”
Government: “Save everyone some trouble. We keep half, you get half for the bankrupcy estate.”
Trustee: “Done.”
Trustee: “I just got here, and am an actual responsible adult. What are my options?”
Government: “Save everyone some trouble. We keep half, you get half for the bankrupcy estate.”
Trustee: “Done.”
