Sucks for OP, but why would you put 700,000+ into one account? Amounts that high should be in assets. Like many people have said, as soon as you put that money in there it is gone forever. You should never exceed the amount that is going to be insured.
Tax evasion has its flaws.
Of course you're a troll, otherwise you wouldn't have posted this.
On the very unlikely chance you're not a troll and just didn't bother to read the thread, the person concerned employs Cypriots.
You might not run a business but when you do, you need to have a bank account. It needs to exist somewhere so why not Cyprus?
Why wouldn't he have it all in one account? Why would he have it in multiple accounts? When you pay your electric bill, do you pay into one account or do you pay into several different accounts for different invoices at different times?
If you had all your assets seized by the government, can I find a homeless person that's less well off than you to scoff at you?
"He had it coming. Why did he use the banking system? How did he not see the government would change the law overnight? Being a criminal has it's flaws."