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(The Local)   Why you should never travel with one million dollars in cash in your suitcase   (thelocal.fr) divider line 43
    More: Dumbass, Nicolas Anelka, persona non grata, Frenchmen  
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7624 clicks; posted to Main » on 04 Feb 2014 at 8:57 AM (28 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



43 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-02-04 09:00:05 AM
DNRTFA, nor did I bother to verify the following:

One million dollars in $100 bills would weigh 21 pounds
In $20 bills, a million dollars would weigh 106 pounds and be 200" high. In $1 bills, a million would weigh 1.1 US tons.
 
2014-02-04 09:03:28 AM
Well, I now see that I did not do the metric conversion.

Am I referring to a conspiracy, or can the government scan the money in your possession and tell how much you have, based on the reflection of something from the little strip in the bills?
 
2014-02-04 09:05:02 AM
People with money are dangerous!
 
2014-02-04 09:07:34 AM

Mell of a Hess: Well, I now see that I did not do the metric conversion.

Am I referring to a conspiracy, or can the government scan the money in your possession and tell how much you have, based on the reflection of something from the little strip in the bills?


I've wondered about that, also.  I'd guess sensitive equipment could probably characterize what you're carrying semi-accurately.

Not sure why they decided to check his suitcases; the article was fairly light on details.
 
2014-02-04 09:09:33 AM
Red suitcases>?  Really?
 
2014-02-04 09:13:58 AM
Travelling by bus from Spain through France? Mercury was the Roman god of trade and thieves. And normal businesspeople don't travel by those buses. They're the cheapest way to get across Europe, but also the least comfortable and certainly not faster than trains, let alone planes.
 
2014-02-04 09:14:01 AM
Man, I hope I have this problem some day.
 
2014-02-04 09:14:11 AM
This is what   500 notes are for Pole.
 
2014-02-04 09:25:23 AM
What, suddenly it's illegal to have cash now? Where's the line drawn?
 
2014-02-04 09:26:19 AM
The money is being checked for traces of narcotic substances to try to determine where the notes may have come from.

Is there any money in circulation that doesn't have traces of coke on it?
 
2014-02-04 09:27:03 AM

fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?


The bottom.
 
2014-02-04 09:28:43 AM

Carn: Man, I hope I have this problem some day.


Yeah, I'm not really spending a lit of time noodling this particular issue
 
2014-02-04 09:31:31 AM
But in his statements, "the man remained very evasive. As a result, the authorities decided to open an official inquiry claim the money for themselves," the official explained.

Customs offical: That's some nice money you got there. How'd you get it?
Guy: Sales
Customs offical: Sales? Hmmm. Drugs are often bought and sold with money, therefor this must be drug money and is now ours. On your way.
Guy: But...my money-
Customs offical: On. Your. Way.
 
2014-02-04 09:32:15 AM
FTFA:

The money is being checked for traces of narcotic substances to try to determine where the notes may have come from.

Kiss that shiat goodbye, buddy.
 
2014-02-04 09:34:04 AM

nexxus: People with money are dangerous can't be tracked electronically!


FYTFA
 
2014-02-04 09:34:22 AM
And you *definitely* should never travel with one million euros in cash in your suitcases, subby.
 
2014-02-04 09:34:38 AM

fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?


There really is no line in the US; the police can (civilly) seize your money on a whim in many, many jurisdictions.  They then demand an explanation as to where to you got it, and if they don't like your answer they keep it.

Crooks.
 
2014-02-04 09:35:16 AM

Geoff Peterson: nexxus: People with money are dangerous can't be tracked electronically!

FYTFA


That too.  Thanks.
 
2014-02-04 09:40:21 AM

nexxus: Mell of a Hess: Well, I now see that I did not do the metric conversion.

Am I referring to a conspiracy, or can the government scan the money in your possession and tell how much you have, based on the reflection of something from the little strip in the bills?

I've wondered about that, also.  I'd guess sensitive equipment could probably characterize what you're carrying semi-accurately.

Not sure why they decided to check his suitcases; the article was fairly light on details.


Didn't say whether he had another suitcase or not - y'know - for his clothes and whatnot.  I 'spect that he chose to keep the cases with him instead of storing them in the storage compartments.  I imagine that might make authorities a little suspicious.  That, and the fact that the guy probably didn't speak a word of French.

Then the last paragraph in the article.
 
2014-02-04 09:49:18 AM

nexxus: fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?

There really is no line in the US; the police can (civilly) seize your money on a whim in many, many jurisdictions.  They then demand an explanation as to where to you got it, and if they don't like your answer they keep it.

Crooks.


So it is illegal to have money? I know just being rich makes you evil, but now it is also criminal?

What is the cutoff for criminal posession of cash? If I carry $10,000 into a casino, am I breaking a law?  Isn't that the buy-in for the main event?
 
2014-02-04 10:08:38 AM

Tricky Chicken: nexxus: fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?

There really is no line in the US; the police can (civilly) seize your money on a whim in many, many jurisdictions.  They then demand an explanation as to where to you got it, and if they don't like your answer they keep it.

Crooks.

So it is illegal to have money? I know just being rich makes you evil, but now it is also criminal?

What is the cutoff for criminal posession of cash? If I carry $10,000 into a casino, am I breaking a law?  Isn't that the buy-in for the main event?


http://en.m.wikipedia.org/wiki/United_States_v._$124,700_in_U.S._Curre ncy

It's not illegal to have money, but if they take it, they sure make it difficult to get back. And yes, you read that right. The government sued a pile of cash.
 
2014-02-04 10:16:00 AM

Tricky Chicken: nexxus: fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?

There really is no line in the US; the police can (civilly) seize your money on a whim in many, many jurisdictions.  They then demand an explanation as to where to you got it, and if they don't like your answer they keep it.

Crooks.

So it is illegal to have money? I know just being rich makes you evil, but now it is also criminal?

What is the cutoff for criminal posession of cash? If I carry $10,000 into a casino, am I breaking a law?  Isn't that the buy-in for the main event?


It's called civil forfeiture. There is no cutoff. Police departments get to keep the money for buying crap. Unless you have the time and money to fight it in court, which can exceed the amount that they took.
 
2014-02-04 10:16:59 AM

NutWrench: The money is being checked for traces of narcotic substances to try to determine where the notes may have come from.

Is there any money in circulation that doesn't have traces of coke on it?


Only currency that has just been introduced into circulation.

CSB time
Where I work, there is a project on sensors to detect explosive particles on clothes via a "sniffer" like device.  They run demos and stuff that used to include sniffing for drugs on currency.  They decided to stop after a Congressional staffer volunteered and (surprise) found coke on some dollar bills in front of a bunch of press folk.

/"decided" as in "were told never to do that again".
 
2014-02-04 10:57:25 AM
Well, it's before a French judge, and if French justice is anything like Italian justice, some American cutie is in a world of hurt, for partying in Paris, last weekend.
 
2014-02-04 11:08:52 AM
Wait, testing money for narcotics is a real thing, not out of movies? WTF?

Because everyone knows that there's a gentleman's rule in any drug transaction where the seller takes a pinch of their product and rubs it all over the money they're getting, just so sniffer dogs have a better chance of catching them. When it's really large amounts of drugs/money it's also considered goot etiquette to dump both of them into a big pile and roll around in it with your client.
 
2014-02-04 11:22:21 AM

awshat: nexxus: Mell of a Hess: Well, I now see that I did not do the metric conversion.

Am I referring to a conspiracy, or can the government scan the money in your possession and tell how much you have, based on the reflection of something from the little strip in the bills?

I've wondered about that, also.  I'd guess sensitive equipment could probably characterize what you're carrying semi-accurately.

Not sure why they decided to check his suitcases; the article was fairly light on details.

Didn't say whether he had another suitcase or not - y'know - for his clothes and whatnot.  I 'spect that he chose to keep the cases with him instead of storing them in the storage compartments.  I imagine that might make authorities a little suspicious.  That, and the fact that the guy probably didn't speak a word of French.

Then the last paragraph in the article.


Yeah .. "Thanks for visiting France!"
 
2014-02-04 11:23:43 AM

Tricky Chicken: nexxus: fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?

There really is no line in the US; the police can (civilly) seize your money on a whim in many, many jurisdictions.  They then demand an explanation as to where to you got it, and if they don't like your answer they keep it.

Crooks.

So it is illegal to have money? I know just being rich makes you evil, but now it is also criminal?

What is the cutoff for criminal posession of cash? If I carry $10,000 into a casino, am I breaking a law?  Isn't that the buy-in for the main event?


It's not illegal, just a civil offense like a speeding ticket.  Carrying cash means you're a criminal or could be a criminal, and it's in the public's interest to take your money.  "Thanks, and have a good day now!"
 
2014-02-04 11:29:16 AM

nexxus: Tricky Chicken: nexxus: fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?

There really is no line in the US; the police can (civilly) seize your money on a whim in many, many jurisdictions.  They then demand an explanation as to where to you got it, and if they don't like your answer they keep it.

Crooks.

So it is illegal to have money? I know just being rich makes you evil, but now it is also criminal?

What is the cutoff for criminal posession of cash? If I carry $10,000 into a casino, am I breaking a law?  Isn't that the buy-in for the main event?

It's not illegal, just a civil offense like a speeding ticket.  Carrying cash means you're a criminal or could be a criminal, and it's in the public's interest to take your money.  "Thanks, and have a good day now!"


If for some strange reason I preferred to travel with an excessive amount of cash on my person, is there a way to protect yourself? A way to document that the cash is legit?
 
2014-02-04 11:36:32 AM
Tricky Chicken:  If for some strange reason I preferred to travel with an excessive amount of cash on my person, is there a way to protect yourself? A way to document that the cash is legit?

Sure.  A bill of sale, a letter from the bank you took it from or are taking it to, a copy of the will if it was left to you, an invoice you can show you're paying with the cash, etc.  Something like that.  Just make sure it's convincing because the police are incented to take your money and will happily do so and then let the municipality/judge sort it out.

Just accept that you're guilty before you're proven innocent now, and act accordingly.
 
2014-02-04 11:38:10 AM

Tricky Chicken: If for some strange reason I preferred to travel with an excessive amount of cash on my person, is there a way to protect yourself? A way to document that the cash is legit?


There's nothing that's all THAT foolproof, but if you have a way of showing it came out of your own bank account I expect you'd be OK. A withdrawal receipt from the bank should work. If they REALLY want your cash they'll find a way to take it though.

fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?


In the US they tend to draw the line at about $10,000. Enter or leave the US with more than that in cash and you are supposed to fill out a form or you'll get stopped if they find it. That's the same amount that banks have to file forms with the IRS if you deposit or withdraw that much at one time as well.

From what I can tell, if you have some means to prove how you came by the cash it generally won't be a problem. I can also see that if a gov agency wants to grab it, they're going to try... they may not try for smaller amounts (a few thousand bucks), but for six or seven figures they sure will. It's wrong, the burden of proof should be on them to show you came by it illegally, but nowadays the government is all about the money anyway- taking it from you and using it to strengthen their power or buying votes with it.
 
2014-02-04 11:45:05 AM

akula: Tricky Chicken: If for some strange reason I preferred to travel with an excessive amount of cash on my person, is there a way to protect yourself? A way to document that the cash is legit?

There's nothing that's all THAT foolproof, but if you have a way of showing it came out of your own bank account I expect you'd be OK. A withdrawal receipt from the bank should work. If they REALLY want your cash they'll find a way to take it though.

fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?

In the US they tend to draw the line at about $10,000. Enter or leave the US with more than that in cash and you are supposed to fill out a form or you'll get stopped if they find it. That's the same amount that banks have to file forms with the IRS if you deposit or withdraw that much at one time as well.

From what I can tell, if you have some means to prove how you came by the cash it generally won't be a problem. I can also see that if a gov agency wants to grab it, they're going to try... they may not try for smaller amounts (a few thousand bucks), but for six or seven figures they sure will. It's wrong, the burden of proof should be on them to show you came by it illegally, but nowadays the government is all about the money anyway- taking it from you and using it to strengthen their power or buying votes with it.


So, if I put it in a bank, then withdraw $1million, and fill out whatever that IRS form is, I should be fine to carry around a million in cash? Assuming I have legal assets (I probably don't) that sum up to a million.

What is to stop Boss Hogg from snatching it? Other than my ability to out drive Roscoe
 
2014-02-04 11:48:42 AM

Tricky Chicken: So, if I put it in a bank, then withdraw $1million, and fill out whatever that IRS form is, I should be fine to carry around a million in cash? Assuming I have legal assets (I probably don't) that sum up to a million.

What is to stop Boss Hogg from snatching it? Other than my ability to out drive Roscoe


1) In theory you'd be fine.

2) In practice that's playing with fire.

The general thinking of these agencies is that legitimate people with that kind of cash have no problems with banks (hey, banks are for rich people, right?), so the only reason you'd have that money would be if you were going to or coming from a bank. To them, any legitimate purpose you'd have would have you doing that business not with cash but with other payment instruments. You know, more of the "if you have nothing to hide you'd not be trying to do this in a untraceable manner, now move along, citizen" thinking.

It's bullshiat, but it's what we've let our government become.
 
2014-02-04 11:49:01 AM
Don't travel with a million dollars in your steamer trunk suitcase?! This man would beg to differ:
static.tvgcdn.net
 
2014-02-04 11:56:10 AM

akula: Tricky Chicken: So, if I put it in a bank, then withdraw $1million, and fill out whatever that IRS form is, I should be fine to carry around a million in cash? Assuming I have legal assets (I probably don't) that sum up to a million.

What is to stop Boss Hogg from snatching it? Other than my ability to out drive Roscoe

1) In theory you'd be fine.

2) In practice that's playing with fire.

The general thinking of these agencies is that legitimate people with that kind of cash have no problems with banks (hey, banks are for rich people, right?), so the only reason you'd have that money would be if you were going to or coming from a bank. To them, any legitimate purpose you'd have would have you doing that business not with cash but with other payment instruments. You know, more of the "if you have nothing to hide you'd not be trying to do this in a untraceable manner, now move along, citizen" thinking.

It's bullshiat, but it's what we've let our government become.


I may wish to have large sums of cash around for no other purpose other than its very presence.

Lets just say that I find a certain level of arousal by rubbing large amounts of cash all over my nude body that I cannot achieve with the little blue pill alone.  And given my corpulent status, I require vast amounts of cash to cover my square footage.
 
2014-02-04 12:08:05 PM
Agrees:
pixel.nymag.com
 
2014-02-04 12:20:52 PM
€1M = $1350900
 
2014-02-04 12:32:39 PM

Tricky Chicken: I may wish to have large sums of cash around for no other purpose other than its very presence.

Lets just say that I find a certain level of arousal by rubbing large amounts of cash all over my nude body that I cannot achieve with the little blue pill alone.  And given my corpulent status, I require vast amounts of cash to cover my square footage.


IMO, a free person needs no excuse other than "because fark you, that's why" for things like this. But unfortunately we live in a world where everybody else wants to tell you what to do. We're rather close to a government run by the "Stop liking things I don't like" meme kid.
 
2014-02-04 12:45:56 PM
upload.wikimedia.org

I swear, I did not know those were Bearer Bonds ..
 
2014-02-04 12:55:06 PM

Tricky Chicken: nexxus: fredklein: What, suddenly it's illegal to have cash now? Where's the line drawn?

There really is no line in the US; the police can (civilly) seize your money on a whim in many, many jurisdictions.  They then demand an explanation as to where to you got it, and if they don't like your answer they keep it.

Crooks.

So it is illegal to have money? I know just being rich makes you evil, but now it is also criminal?

What is the cutoff for criminal posession of cash? If I carry $10,000 into a casino, am I breaking a law?  Isn't that the buy-in for the main event?


I remember there used to be a law years ago that if you were on an airplane with over $10k you could get it confiscated and have to prove that it was not for illegal means.
 
2014-02-04 01:01:53 PM
I used to transport millions in bearer bonds in all manner of containers like briefcases, suitcases, backpacks and duffel bags. I was never stopped and checked even though it wouldn't have been an issue had I been.
 
2014-02-04 01:48:13 PM

Skail: Agrees:
[pixel.nymag.com image 560x375]



Because he's Ron Cadilllac and he's frickin' EPIC!!!!

/came for that, leaving satisfied
 
2014-02-04 03:52:17 PM

Tricky Chicken: Lets just say that I find a certain level of arousal by rubbing large amounts of cash all over my nude body that I cannot achieve with the little blue pill alone.  And given my corpulent status, I require vast amounts of cash to cover my square footage.


That's why I stick to ass pennies for my personal gratification.

This does bring to mind an aspect of blackmail demands.  Aside from having that much money to start with, anything over 10k would be reported to the IRS.  Odds are several withdraws would possibly draw immediate attention from FBI/HSA.  Since banks in the US only insure up to 100k, if you had a million it would be spread across banks, and more likely mutual funds.  I wasn't in any particular rush to transfer money from one 401K to another, but I think it took two weeks, my company did it with all employees and that took 3 weeks.  So that would be one long slow waiting period if I had to produce 10k.
 
2014-02-05 01:19:54 AM
YA SEE THIS LARRY? THIS IS WHAT HAPPENS WHEN YOU FARK A STRANGER IN THE ASS!
 
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