From watching TV shows and movies, it looks as though you have ‘papers’ of the bank account. And usually, for dramatic effect, the papers are burned or destroyed somehow. Does this mean that their money is now lost?
And what makes it secret? Is it not in your name? If so, how do you prove its yours or have access to it? And why are they always in somewhere like the Cayman Islands?
I feel like TV shows and movies throw together plotlines about secret bank accounts constantly but I have no idea how they work.
In: Economics
I’m not sure if this is what you’re talking about, but one thing I see a lot in movies are [Bearer Bonds](https://en.m.wikipedia.org/wiki/Bearer_bond).
Bearer bonds are promissory notes, kind of like cash, but can be issued by companies. They are not held under a name or registered, whoever “bears” them can cash them in. They can be worth cents or millions of dollars.
Is that similar to what you saw?
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