Except you can never use it. You would be monitored and suddenly having unexplained income would for sure trigger an alert. You would then go to jail for perjury.
He could launder the money, and start over again. Not that hard. People also tend to forget and in 7 years no one will remember him. He could also go to another country after his release or just disappear.
Many cases where people have run away with millions or even billions and are nowhere to be found:
- Ruja Ignatova (OneCoin)
- Jan Marsalek (Wirecard)
- Gerald Cotten and Omar Dhanani (QuadrigaCX) I like this one. It is obvious that Gerald faked his death and that Omar is putting everything on his "dead" friend.
So getting away with something like that is not impossible at all.
In fact if you have millions it is quite easy it seems.
> In fact if you have millions it is quite easy it seems
People want to make millions to enjoy them and spend them.
Basically no merchant accepts crypto and the crypto for cash schemes are not equipped to convert huge amount of money.
The only ones who could exchange hundreds of millions or billions in BTC for cash are the cartels or their clients in USA/Europe/Asia.
These people are white collar crime type individuals, if they try to reach them the aforementioned organizations would quite literally mop the floor with them.
I am currently in Colombia, and there are many merchants accepting cryptos, including Bitcoin and Bitcoin cash.
I guess it is because their currency has lost 50% in value since the beginning of COVID.
On localbitcoins.com you can easily find some one who will buy Bitcoin for cash. I've done this myself and the fee is not very high.
You can also use a Bitcoin ATM but fees are a bit heigh on them and they take your picture just like regular ATMs, so it might be a little bit dangerous.
So to conclude it really depends where you are. I think that for example Medellin is a perfect hide out. And most things here are 4 times cheaper here than in Europe or the U.S.
If you're 40 years old you may have 15,000 days left. If you're in hiding you're probably not looking to buy property or anything registering your assets. I can't imagine it'd be that difficult to cash out a few hundred a day in some place like Argentina which has lots of non-KYC ATMs and folks exchanging crypto. A few hundred a day is plenty enough to live the rest of your life in luxury, if crypto in whatever stable coin you're able to hold doesn't completely crash.
Remember 10 million is a lot of money, but that's really only like 700 dollars a day for 40 years. Basically enough for a luxury hotel, great meals, and a nice hooker at the end of the night every single day.
Which of these countries one can easily move to? Most countries have relatively strict immigration policy, and if your plan is to overstay tourist visa, they might just deport you home, despite no extradition agreement.
No one is going to give you advice on how to break the law, but a google search doesn't come up dry on nations full of illegal immigrants that tend to be overlooked unless they commit some grave crime or have a very serious political enemy. It's also worth knowing that strict immigration law and power of the government to enforce it don't really go hand in hand in many shitty 3rd world countries, and in some countries the law really only extends to bigger cities where federal police have power.
My point is that if your plan is to fly under the radar, existence or lack of extradition agreement with US is not really relevant: if you immigrate illegally to escape prosecution, lack of extradition agreement won’t help you much, because if US finds you there and asks for you back, most countries will deport you for breaking immigration laws, without even involving extradition process.
