Faith and Finance

Ted Anderson, owner of the GCN Live radio network and Midas Resources, breaks down the massive financial looting taking place under the veil of the constant economic crisis, including secret loans and bailouts, insider trading and more. www.midasresources.com www.prisonplanet.tv

Question by Stephanie: What is the purpose for someone to have multiple banking accounts?
I was wondering, does it sound fishy to anyone else that someone would have 5 or 6 banking accounts? This person has about 3 or four personal accounts and the rest are fake business accounts. The majority of their money is kept in a personal safe at home(thousands). Only the minimum is kept in checking accounts. What could this mean? I think this sounds shady. This person always has a ton of money and has a normal job that I wouldn’t think allow them to have this much money. I am positive there is no drug activity but whatelse could it be?

Best answer:

Answer by Conflicted
Yes this is fishy. I can see maybe having 2 different accounts. The only reason someone would need 5 or 6 would be to make sure that their money was FDIC insured, so the minimum being kept in a checking account throws that out.
The person could be kiting money-floating checks in between banks and the bank that gets stuck with it in the end loses. The fact that you say they have fake businesses raises questions too. Why do they have fake businesses? Sounds like they are up to no good and it’d be best if you stayed away from them!! Don’t want to get caught with them b/c of the whole “Birds of a feather” saying.

What do you think? Answer below!

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