Posted on 03/10/2005 2:13:48 PM PST by SwinneySwitch
Well, I cant say I have 250K to transfer around but I need to move cash sometimes to cover shortfalls in expected deposits.
Seriously, 8K is about where they get most suspicious these days.
Seriously though it is not difficult to move that kind of cash around. I know someone that sold some laser equipment to some guys in Greece and shipped it over there, then went over to Greece and they gave him $60K USD in cash. He put it in a briefcase and flew back to the USA.
Six: If asked where you are from, do not say "Bartlesville,
Oklahoma," when you are an undocumented immigrant
from Mexico.
Yeah, I bet any significant cash deposit results in red flags being sent to a half-dozen federal agencies. They ask for your drivers licence then fill out forms and ask you questions like what business you are in.
Yeah, but you better declare it. If you fail to declare it and they discover it, you could find your money is no longer yours. It is much better to have the money wired to your account.
The charge is bulk cash smuggling. It's a new crime; comes from the money laundering section of the patriot act.
Start a business where no one will give you terms and you have to pay COD on everything. Then score a contract with a university who orders $50,000-$75,000 a month. When you're a struggling new business, no one will give you terms.
I can't count the number of times the UPS guy had to call someone to get the cash. The biggest single truck load of CODs was $34,000. The Driver, who I knew pretty well, was shaking. It was approximately his take-home for the year. He never left the lot until the boss and two others showed up. After a while, 10,000-15,000 became routine once or twice a week. Interest expense eventually made the whole thing not worthwhile but it was interesting for a while. Your customers will only accept net-30 and your suppliers want COD, eating a month of interest on 10s of thousands sucks.
thanks
The article says they were "watching him anyway" but didn't pull him over until he started driving the wrong way on the road.
He then CONSENTED to the search.
Didn't they teach you reading comphrension in school or do you just prefer that we read the articles for you?
Or buy collectables like LLadro figurines and coins, parcelled out over a long time period. Let your paycheck go where it goes and invest and live on cash. Convert $100 bills at the Vegas crap tables. One at a time, without winning too big.
Sounds reasonable. Although I think the "Mexican" option sounds more fun...
It always amazes me when the idiot libertarians that are the liberals and terrorists closest allies read a story like this and wonder not what criminal activity this clown was engaged in to have this sum of money, but how the poor illegal alien who does not belong here in the first place may have had rights violated that he should not have for entering this country ILLEGALLY.
The "Mexican Option" sounds reasonable. Store $50K and find a broker that will put the rest in S&P Futures with a 10% comission. Save the slip. Come back when it's up. Xfer into a money market account and get checks drawn on it. Deplete that account while your reg paycheck gets invested. The women you meet will love the Lladro figurines you invested in along with your housing and bedroom skills:) Keep your secret money in a bank's lock-box. For spending later.
Is it a crime to have money?
Are you an Asian dude? I'm thinking like one, I assume. Just to be on the same approach to arrange money.
I'm Texan, of German-Scottish ancestry. Sorry!
It is a crime to not understand money when it falls in your lap unexpectedly.
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