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(The Local)   Why you should never travel with one million dollars in cash in your suitcase   (thelocal.fr) divider line 12
    More: Dumbass, Nicolas Anelka, persona non grata, Frenchmen  
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7631 clicks; posted to Main » on 04 Feb 2014 at 8:57 AM (37 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-02-04 09:34:38 AM  
2 votes:

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 11:38:10 AM  
1 votes:

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 11:36:32 AM  
1 votes:
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 11:23:43 AM  
1 votes:

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 10:16:59 AM  
1 votes:

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 10:16:00 AM  
1 votes:

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 10:08:38 AM  
1 votes:

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

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


FYTFA
2014-02-04 09:26:19 AM  
1 votes:
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 09:13:58 AM  
1 votes:
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 09:00:05 AM  
1 votes:
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.
 
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