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The E-Sylum:  Volume 9, Number 17, April 23, 2006, Article 35

WHEN MONEY LAUNDERING IS JUST AND APPROPRIATE

According to an April 20 Reuters article, "A German pensioner
flushed bundles of old banknotes worth a small fortune down
the toilet because he thought they were now worthless, police
in the northern city of Kiel said Thursday."

"Police said he dumped some 60,000 deutschemarks -- which the
euro replaced in 2002 -- into the bowl, unaware they could
still be exchanged for about 30,000 euros ($37,000).

Sewage workers recovered about half the sodden currency from
the 64-year-old's plumbing. The remaining notes created a
bottleneck in local sewers, where most were fished out."

Police said the man ... had dried out the notes and taken
them to a bank. It was unclear if he had laundered the
money first."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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