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    • LurkingReader: Lol Karmafan, I’m also old enough to recall pick your poison sentences, Archie Comics, and sending off for Bazooka gum...
    • LurkingReader: @mharris All that for a rhetorical question? Since you did thanks for the laugh. Hope you had a great day.m
    • Karmafan: Many years ago my 14 year old cousin got knocked up by her 15 year old BF and the judge ordered them to get married (which they did)....
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Cyprus Freezes Accounts, AVN and Manwin Bank There

To make a long story short Cyprus banks are in trouble and they need bailing out by the EU.  The agreement being that Cyprus will levy a 6% charge on all accounts with under 100,000 euros and a 10% charge on all accounts over 100,000 euros.  The percentage taken will be converted to bank stock, which is virtually worthless.

Savings accounts in Cyprus have been frozen and ATMs are all empty.  The countries legislators will vote on this tomorrow and it is expected to pass.  Cypriot banks have long been tax shelters and places to hide ill gotten gains for eastern European crime syndicates.

Interestingly both Manwin and AVN are headquartered (officially) in Cyprus.  AVN’s Theo Sapoutzis is a Cypriot.

Manwin has been in the process of relocating it’s headquarters to Dublin, Ireland but they apparently still have cash assets in Cyprus.

Looks like people are going to have to look elsewhere to launder money now…..