Why did Jordan Belfort need people with Swiss passports to smuggle money?
In Wolf of Wall Street, Jordan Belfort hires the family of his former drug dealer to smuggle cash to Switzerland. Apparently he chose them because they have Swiss rather than American passports. However, Americans could always go to Switzerland visa free and customs checks are the same for all passengers.
So what was the point of Swiss passports?
Best Answer
I think I may have found the answer in the Wolf of Wall Street Collection by Jordan Belfort
But how could I work around Swiss banking laws? ... The simple fact was that if I were to open an account with Union Bancaire, I would have to give them a copy of my passport, which would then be kept on file at the bank. And if the U.S. Departement of Justice issued a criminal subpoena related to stock fraud - which, of course, was also a crime in Switzerland - then my goose would be cooked. ... Who said that I had to give the bank my passport? What was to stop me from having one of my ratholes come to Switzerland and open an account with their passport? What were the chances that the FBI would hit upon the name of my U.S. rathole within my Swiss rathole?
From this we can assume, that he used this passport to be able to stay anonymous in Switzerland even if he would be caught by the U.S. Departments.
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Why did Jordan Belfort use Swiss banks?
Despite his drug use, the firm continued to grow and Belfort decided that it was in his best to interest to hide his illegal profits from the government by opening a Swiss bank account. Belfort's friends and family members would strap money to their backs in order to smuggle the money from the U.S. into Switzerland.What was the Swiss bank in Wolf of Wall Street?
In The Wolf of Wallstreet, when Jordan Belfort first meets the Swiss banker Jean Jacques Saurel, Belfort is framed in front of Lac Lamane while the banker is framed in front of a fish tank.How much money did Jordan Belfort smuggle to Switzerland?
So how would you get $3 million in cash into Switzerland without U.S. Customs knowing? Jordan Belfort \u2014 also known as "The Wolf of Wall Street" \u2014 had an idea. It involved a woman, a Swiss passport, and a roll of packing tape.How much money does Jordan Belfort make a year?
It was believed that his income for the last years was about $50 million to $100 million per annum, taking all his wealth and current ventures into consideration. Conversely, his net worth is in the negative because he's indebted to the tune of more than $100 million in reparative damages.The Wolf of Wall Street - Swiss Bank scene
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