Search Results for: supernotes

South Korea’s president Roh Moo-Hyun may have entered office with the hope of a multifaceted agenda, but that agenda has only one surviving facet. His moves to create a more redistributive economy has sufficiently damaged the economy that Roh’s allies would dream of running on that record in the 2006 elections. The attempt to move the capital out of Seoul was a political disaster; it was blocked in the courts, and mostly succeeded in creating a dangerous new political enemy...

Joongang Ilbo: Seoul not buying U.S. case against North’s $100 bills Chosun Ilbo: Seoul Swings Behind U.S. in N.Korea Forgery Charge I report, you decide. Meanwhile, our Ambassador, envigorated by his new congressional attaboy and one-up, is making the case. Predictably, some Chinese and South Korean officials are raising the standard to “beyond a reasonable doubt,” (or even “absolute proof,” a standard that does not exist under the law) which only works when investigators have the option of getting a...

The Treasury Department’s enforcement actions against Banco Delta Asia, North Korea’s money-launderer of choice, has caused quite a disruption: North Korea has moved what to all intents and purposes was its representative office in Macau, the Zokwang Trading Co. The office sign is gone, and North Korean staff of Zokwang Trading across the street from the Macau Department of Transport have disappeared. Most appear to have headed for mainland China, where the next round of sanctions could have some delicious...

Here, in the Washington Times. Bill Gertz has really been all over this story. Plenty of new information in this very lengthy article, including these interesting facts: 1. The trail of evidence leading back to the Chinese government is growing. After we finally convince China to stop manipulating the value of its own currency, we may have to have a serious talk about manipulating ours. 2. North Korea isn’t actually the largest source of counterfeit money. Colombia is. The Colombian...

This had already become the most interesting crime story all year, and then I saw this: A federal grand jury indicted two men Wednesday for allegedly conspiring to smuggle surface-to-air missiles into the United States for use abroad. Such missiles are designed to bring down aircraft. The U.S. attorney’s office said the charges marked the first time a 2004 anti-terrorism law has been used. The law calls for a mandatory minimum sentence of 25 years and the possibility of life...

Updated 10/12; scroll down. Never accuse the North of not fighting above its weight or thinking big. In the process, it has cemented the most recent credible evidence of its cooperation with international terrorists, which might prove troublesome for that pesky terrorism list. Via the Times of London (also reported in Yonhap): ONE of Ireland’s most famous revolutionaries could face 20 years in an American jail for his alleged role in a communist plot to wreck the dollar. Sean Garland,...

Don’t let the entertainment value fool you. This one appears to have been a bust of major significance, which the feds claim “decapitated” one of the largest crime syndicates operating in the United States: The guests thought they were headed to an early afternoon wedding on a yacht docked near Atlantic City. They ended up in jail instead, courtesy of an elaborate ruse by federal authorities hoping to bust up an international smuggling ring. Lengthy undercover investigations on opposite sides...