Sucks to be him (cyprian bank account screenshot)

[cmoney]

The most of circulating assets on our business Current Account are blocked.
Over 700k of expropriated money will be used to repay country's debt. Probably we will get back about 20% of this amount in 6-7 years.

I'm not Russian oligarch, but just European medium size IT business. Thousands of other companies around Cyprus have the same situation.

The business is definitely ruined, all Cypriot workers to be fired.
We are moving to small Caribbean country where authorities have more respect to people's assets. Also we are thinking about using Bitcoin to pay wages and for payments between our partners.

Special thanks to:

- Jeroen Dijsselbloem
- Angela Merkel
- Manuel Barroso
- the rest of officials of "European Comission"



P.S. The worst thing is, that even a month ago I was suspecting that things can go wrong. In February, I several times called my banker and lawyer and asked them if money on the account is safe, mentioning that article in Financial Times. But they convinced me that there is no reason to worry, and even if country goes default, in no way current accounts may be affected. "This is European Union and banks here can't just grab your money and go" I was told.
I got a hard lesson and now I know the meaning of phrase "TRUST NO ONE".

source: https://bitcointalk.org/index.php?topic=160292.0

[4Dragons]

Shout out to Stockton, CA. Especially the bond holders.

[BeerAndPoker]

[simpdog]

solid. Who is going to try this out at home?

[Walter Sobchak]

Unbelievable how they're stealing people's bank deposits. I don't understand why people there aren't rioting.

[Deal]

Unbelievable how they're stealing people's bank deposits. I don't understand why people there aren't rioting.

People with that kinda money aren't the rioting type. They team up with lawyers. Besides, the majority of those accounts are out of country people using Greece as an illegal tax haven.

[Walter Sobchak]

Unbelievable how they're stealing people's bank deposits. I don't understand why people there aren't rioting.

People with that kinda money aren't the rioting type. They team up with lawyers. Besides, the majority of those accounts are out of country people using Greece as an illegal tax haven.

Aren't they taking from the common man too? Or just rich people?

[cmoney]

People with that kinda money aren't the rioting type. They team up with lawyers. Besides, the majority of those accounts are out of country people using Greece as an illegal tax haven.

Aren't they taking from the common man too? Or just rich people?

I could be wrong but the way I understand it is that up to 100k they dont take anything. Anything over you get raped. They probably did this specifically with rioting in mind. Most of the rich people dont even live in the country and will just take it in the ass and do nothing. Had they stolen from the common man they would have definitely had problems with mobs and rioting.

[Belly Buster]

[Deal]

This is giving Lock Poker some fresh ideas on how to remain solvent.

[Belly Buster]

Unbelievable how they're stealing people's bank deposits. I don't understand why people there aren't rioting.

People with that kinda money aren't the rioting type. They team up with lawyers. Besides, the majority of those accounts are out of country people using Greece as an illegal tax haven.

Anyone with any serious money or power spirited their money out of Cyprus just before the lockdown, including the president's family

Anyone with no money doesn't care

Anyone with little money isn't affected.

Pity the poor bastard who worked hard and saved all his life to see the whole lot go up in smoke overnight.

[BetCheckBet]

The criminal seizing of accounts is occuring because of the huge number companies using cyprus as an offshore tax haven (including the guy mentioned by Cmoney). While I can't support the siezures its hard to feel bad for majority of companies affected. Cyprus otherwise is a very poor country going through deflation.

FYI the reason people aren't rioting is because most of these accounts are wealthy russians abusing tax system.