Posts Tagged ‘proceeds’

Logan Pearsall Smith: Sell Souls

Posted by admin on Friday, April 29, 2022

Logan Pearsall Smith Money Quote saying people will sell their soul without hesitation and live on the money. Logan Pearsall Smith said:
 
Most people sell their souls, and live with a good conscience on the proceeds Quote
 

“Most people sell their souls, and live with a good conscience on the proceeds” — Logan Pearsall Smith

 

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In this quote, Logan Pearsall Smith is suggesting that many people compromise their principles or integrity in exchange for money or other benefits, yet feel no guilt or remorse about doing so.

Specifically, he portrays people as essentially “selling their souls” – trading away their morality, values or conscience – in return for financial proceeds or rewards. However, Smith notes that despite this bargain, most people still live with a “good conscience” and do not see anything wrong with their actions.

The best interpretation is that Smith believed it was all too easy for individuals to rationalize or justify compromising their ethics in exchange for material gain, as long as it benefited them personally. He saw modern society as one where people could sell their souls yet feel no inner conflict about prioritizing self-interest over principles.

Linda Lacewell: Dirty Trillions

Posted by admin on Monday, September 21, 2020

Linda Lacewell Money Quote saying banks appear to ignore illicit funds flowing through their accounts after filing pointless required paperwork. Linda Lacewell said:
 

 

Trillions of dollars in dirty money gushes through the financial system in a toxic stew of criminal proceeds. Banks must put integrity at the center of what they do and empower compliance personnel to act. The SAR should be the beginning of the analysis not the end. We must act” — Linda Lacewell

 

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In this quote, Linda Lacewell seems to be strongly criticizing how financial institutions currently handle illicit funds flowing through the global economic system. By referring to “trillions of dollars in dirty money gushing through in a toxic stew of criminal proceeds”, Lacewell portrays the sheer scale of illegal funds being intermixed with legitimate wealth.

Her statements that “banks must put integrity at the center” and empower staff to thoroughly investigate suspicious transactions, rather than viewing SAR filings as the end point, conveys Lacewell’s perspective that more proactive policing of criminal financing is needed from within private sector organizations.

Overall, the quote portrays Lacewell’s view that the status quo is insufficient, and that banks must prioritize rooting out dirty money more aggressively through empowered compliance teams that see investigations as ongoing rather than cursory checkbox exercises. She appears to be advocating for reforming how the financial industry self-regulates regarding criminal financing.

 


 

Joon H. Kim: Launder Proceeds of Crimes

Posted by admin on Thursday, May 18, 2017

Joon H. Kim Money Quote saying as acting U.S. Attorney for Southern District of New York that Russian money laundering will not be tolerated. Joon H. Kim said:
 
We will not allow the US financial system to be used to launder proceeds of crimes committed anywhere - here or in Russia Quote
 

“We will not allow the US financial system to be used to launder proceeds of crimes committed anywhere – here or in Russia” — Joon H. Kim

 

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Joon H. Kim is saying that the U.S. financial system will not tolerate being used to disguise or hide the source of money obtained through criminal acts, regardless of whether those crimes were committed in the United States or elsewhere in the world such as Russia.

The best interpretation is that U.S. authorities will not allow the laundering of illegally acquired funds through American banks and financial institutions, and this applies no matter where the underlying criminal offenses took place.

His statement aims to make it clear that those seeking to legitimize profits from illegal activities anywhere cannot rely on using the U.S. financial system to obscure the origins and nature of those funds.

Chris Coons: Trump Divest Money Interests

Posted by admin on Tuesday, December 27, 2016

Senator Chris Coons of Delaware Quote saying democrats have introduced a bill which insists Trump divest of his financial holdings to avoid risks of conflict of interest as defined by emoluments clause of constitution. Senator Chris Coons of Delaware said:
 
require the President to divest their financial interests and place the proceeds in a blind trust. The presidency is a full-time job with only one client: the American people Quote
 

“Congress must act promptly to pass this legislation that will require the President to divest their financial interests and place the proceeds in a blind trust. The presidency is a full-time job with only one client: the American people” — Chris Coons

 

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Senator Chris Coons is arguing that President Trump should divest from his financial holdings and business interests and place them in a blind trust in order to avoid potential conflicts of interest between his personal financial interests and his duties as President. Coons introduced legislation that would require the President to do this.

In the quote, Coons states that the presidency is a full-time job and the President’s only client should be the American people, not his own businesses or financial interests.

So the quote supports the interpretation that Coons believes the Emoluments Clause requires the President to divest and avoid mixing his private interests with his public duties as leader of the country.

Elon Musk: Borrow Money for Rent

Posted by admin on Monday, June 6, 2016

Elon Musk Money Quote saying his percentage of the profits from sale of PayPal were invested in his other business ideas. Elon Musk said:
 
My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent Quote
 

“My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent” — Elon Musk

 

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In this quote, Elon Musk is describing what he did with the proceeds from the sale of his company PayPal in 2002. He invested $100 million into his rocket company SpaceX, $70 million into the electric car company Tesla, and $10 million into the solar energy company SolarCity.

The fact that Musk then had to borrow money for rent suggests he put virtually all of the $180 million he received from PayPal back into his new business ventures, leaving himself cash-poor personally as a result. The quote paints Musk as someone fully committed to and confident in his ambitious vision, willing to risk all his PayPal fortune on revolutionary companies focused on space travel, electric vehicles and sustainable energy rather than keeping the money for himself.

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