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| User Info | Bank of America Bank RUN, here it comes.; entered at 2007-12-01 14:50:19 | |||
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Matthew Posts: 620 Registered: 2007-07-17 Seattle, WA 
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There are some serious misconceptions about bulk cash smuggling going on in this thread. If LCruiser wants to withdraw 60k, put it in a duffle bag, and take it home with him, he is not going to have his money seized by the man. Most money seizures I have seen go more like this: Dude gets pulled over. Has 200k in bag in car. Cop, "What's in the bag" Dude, "I dunno" Cop, "You dunno whats in the bag?" Dude, "It's not mine" Cop, "Whose is it?" Dude, "I dunno" Cop, "Mind if I take a look at it" Dude, "Go ahead" In that scenario the money is going to be seized. Essentially, the guy abandoned the cash. That type of scenario happens all the time. If Cruiser gets pulled over with 60k from BofA chances are the situation would go like this: Cop, "Mr. Cruiser, what's in the bag" LCruiser "60k" Cop, "Why do you have 60k in a bag??" LCruiser "I'm going to have a big party with some strippers back at my place tonight. We are going to sit in a hot tub full of cash. By the way, here's my receipt for the money. I just withdrew the money from my account at B of A". Cop "Have a good one" BTW when encountered by the cops, its a good idea to STFU. In the case of the 124,700 seizure someone had listed earlier, if the guy had said "No officer, you cannot search my vehicle" He probably would have been ok. But hell, a Mexican dude named Emiliano traveling from Chicago in a car rented by a guy named "Luis" with 124,700K in the trunk is probably legit.... Also, the IRS, Homeland, FBI and others don't have the time nor the resources to go through all the CTRs. Yes they do look at SARs. Like Stormy said, multiple transactions at the 9,900k level will probably generate a SAR, particularly if you are not a U.S. citizen and your first name is Mohammed. 2007-12-01 14:50:19
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