Law against carrying so much money?

[Rich B 5,000+ posts]

Nothing says "Police State" like the confiscation of our own currency just on a suspicion of guilt.

 

[vvblazers777 10+ year member]

That's bs. It's not like I was carrying it in a cooler or hidden console either. I simply had it in an envelope that said "Car Parts"

 

[faulkton 5,000+ posts]

it certainly would **** to lose $127K

 

[squeak9798 5,000+ posts]

and i think even bank transactions that are over like 10k get investigated.

They don't necessarily "get investigated".

Any transactions that involves more than $10,000 in currency require a Currency Transaction Report be completed.

And this is $10,000 within the course of a 24hr period at the same institution (IIRC), not just a single transaction. So if you go in and deposit $6,000 cash in the morning and deposit $5,000 cash in the afternoon at a different branch of the same banking institution, then a CTR needs to be completed.

I honestly don't recall off hand if these are simply held on file at the bank or sent off to a regulatory/law enforcement agency.....

 

[vvblazers777 10+ year member]

Sounds like that judge was money hungry and I bet he got a percentage of it. I just called the local law police station, non emergency number, and talked to the sargent. He said there is no law on it here. Asked about probable cause to search, and he says it depends on the circumstances.

 

[HitManSE 10+ year member]

They don't necessarily "get investigated".
Any transactions that involves more than $10,000 in currency require a Currency Transaction Report be completed.

And this is $10,000 within the course of a 24hr period at the same institution (IIRC), not just a single transaction. So if you go in and deposit $6,000 cash in the morning and deposit $5,000 cash in the afternoon at a different branch of the same banking institution, then a CTR needs to be completed.

I honestly don't recall off hand if these are simply held on file at the bank or sent off to a regulatory/law enforcement agency.....

Correct.

Anything over 9999.99 daily deposit gets flagged at the bank and you'd have to prove where you got the $ from. As for how they proceed with it after that, im guessing thats out of the banks hands and even out of regular law enforcments hands.

 

[wErd 5,000+ posts]

Correct.
Anything over 9999.99 daily deposit gets flagged at the bank and you'd have to prove where you got the $ from. As for how they proceed with it after that, im guessing thats out of the banks hands and even out of regular law enforcments hands.

yep thats how 5 guys got caught robbing an armored truck in columbia 2 or 3 months ago. they went out and bought new cars, jewelry, etc....they stole 9 million dollars out of 18 that was in the truck (their SUV was loaded to capacity). but yea they got caught.

 

[HitManSE 10+ year member]

Looks like I threw and extra set of hands in that post //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 

[Tiger Bass 5,000+ posts]

this guy was pwned. Hard.

Whether there was actually "drug residue" or not, drug dogs are bullshit. I knew a cop that could silently command his dog to give a positive drug find signal just by yanking on his leash a certain while he was searching.

 

[vvblazers777 10+ year member]

Whether there was actually "drug residue" or not, drug dogs are bullshit. I knew a cop that could silently command his dog to give a positive drug find signal just by yanking on his leash a certain while he was searching.

x2. And a rental car? WTF is that. How can they say he had drugs in there at a time? lol Do you know how many people rent that one car within a few months time period. //content.invisioncic.com/y282845/emoticons/*******.gif.a649d21efc0d1fd4890a6428166586c1.gif

 

[sqhertz 5,000+ posts]

i think you can carry 25k in cash through an airport before they start asking questions...

 

[faulkton 5,000+ posts]

Correct.
Anything over 9999.99 daily deposit gets flagged at the bank and you'd have to prove where you got the $ from. As for how they proceed with it after that, im guessing thats out of the banks hands and even out of regular law enforcments hands.

What about just coming in and asking to exchange money?

Like going in and trading a bunch of twenties and fifties for all one-hundreds?

 

[DeViOuSoNe 10+ year member]

10k it is...

 

[Tiger Bass 5,000+ posts]

x2. And a rental car? WTF is that. How can they say he had drugs in there at a time? lol Do you know how many people rent that one car within a few months time period. //content.invisioncic.com/y282845/emoticons/*******.gif.a649d21efc0d1fd4890a6428166586c1.gif

Well, it stated that towards the end of the article, but yeah, dirty/******* cops FTL

 

[HitManSE 10+ year member]

What about just coming in and asking to exchange money?
Like going in and trading a bunch of twenties and fifties for all one-hundreds?

I wouldnt think so because you wouldnt be depositing any currency into your account. Trading should be fine, but just in case id keep it under 10k. If anyone knows a bank teller, they'd be the one to ask.

Usually the bank teller has instructions as to what is and isnt necessary to flag.