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Topic: briefcase full of cash - page 2. (Read 4198 times)

sr. member
Activity: 378
Merit: 250
January 29, 2015, 01:55:03 PM
#44
I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.


maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.


if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 29, 2015, 07:33:05 AM
#43
I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.


maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.

full member
Activity: 168
Merit: 100
GreenCoin
January 29, 2015, 04:26:08 AM
#42
I think doing this with one person might be a problem, however approaching multiple people in denominations could work out.
legendary
Activity: 1904
Merit: 1074
January 29, 2015, 04:14:31 AM
#41
In some countries, you will get a percentage of the "unclaimed" money, if you hand it in at the police station. It is sort of like a finders fee.

I would phone a local police station and ask them about that option, you have nothing to loose.

When you do it that way, you will most probably be taxed and it would be perfectly legal. Then you just go onto a exchange and buy some BTC.

But, that is just me.... I would rather do it the right way, than to constantly have to look over my shoulder, for whoever owned it or if I will be arrested for being in possesion of stolen "goods"
sr. member
Activity: 306
Merit: 250
January 28, 2015, 11:54:15 PM
#40

Your bank account can be seized just for spending less than you earn over 10 years.
Luckily, not all countries are that insane.

In Canada, it is merely suspicious (but not illegal).

That doesn't make sense. Did you mean 'spending more'?

If you have more than $10,000 in your account from smaller payments, that is considered structuring. I don't understand how you can accumulate such a sum by spending more than you earn.


This only applies to cash deposits. Direct deposits of $9,999 every two weeks from ADP is fine.
Even direct deposits of over $10k are fine. It is only cash deposits that are closely scrutinized
legendary
Activity: 924
Merit: 1002
January 28, 2015, 04:54:04 PM
#39
I would say it`s hardly possible and in some countries even against a law of money-laundering.
newbie
Activity: 55
Merit: 0
January 28, 2015, 02:18:16 PM
#38
The best advice as we have already heard is to buy your Bitcoins outside of the US & Europe.
legendary
Activity: 1424
Merit: 1001
January 28, 2015, 09:37:10 AM
#37
Where are you?

That looks suspicious. Why do you want to know? To hijack that user?
sr. member
Activity: 322
Merit: 250
https://dadice.com | Click my signature to join!
January 28, 2015, 09:22:29 AM
#36
if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

I heard he was caught by the Police just because of this habit.  Wink
legendary
Activity: 2436
Merit: 1561
January 28, 2015, 09:15:37 AM
#35

...and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

Wrong. If you have a large amount in cash, that's a proof on itself (for authorities) that it may come from illegal activities. It can be seized and you'll have to prove it was legit to get it back.

'Innocent until proven guilty' doesn't work in this case.

Here's some random article about the subject:

http://edition.cnn.com/2015/01/21/us/asset-seizures/

we dont all live in murica ...........Wink

Sure, but it's similar in the UK and in other 'western' countries.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 28, 2015, 09:09:46 AM
#34

...and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

Wrong. If you have a large amount in cash, that's a proof on itself (for authorities) that it may come from illegal activities. It can be seized and you'll have to prove it was legit to get it back.

'Innocent until proven guilty' doesn't work in this case.

Here's some random article about the subject:

http://edition.cnn.com/2015/01/21/us/asset-seizures/

we dont all live in murica ...........Wink
legendary
Activity: 2436
Merit: 1561
January 28, 2015, 08:34:31 AM
#33

...and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

Wrong. If you have a large amount in cash, that's a proof on itself (for authorities) that it may come from illegal activities. It can be seized and you'll have to prove it was legit to get it back.

'Innocent until proven guilty' doesn't work in this case.

Here's some random article about the subject:

http://edition.cnn.com/2015/01/21/us/asset-seizures/
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 28, 2015, 08:27:58 AM
#32
I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.


maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 28, 2015, 08:00:16 AM
#31
I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.
full member
Activity: 136
Merit: 100
January 28, 2015, 07:52:43 AM
#30
I would have done this for you if you are from india

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?
donator
Activity: 1617
Merit: 1012
January 28, 2015, 07:44:24 AM
#29

Your bank account can be seized just for spending less than you earn over 10 years.
Luckily, not all countries are that insane.

In Canada, it is merely suspicious (but not illegal).

That doesn't make sense. Did you mean 'spending more'?

If you have more than $10,000 in your account from smaller payments, that is considered structuring. I don't understand how you can accumulate such a sum by spending more than you earn.


This only applies to cash deposits. Direct deposits of $9,999 every two weeks from ADP is fine.
legendary
Activity: 2436
Merit: 1561
January 28, 2015, 07:21:40 AM
#28
I think you should talk to Mark Karpeles about the briefcase full of cash  Grin

Briefcases are for small-time hustlers.

That's how Marky transports his stash:

https://www.youtube.com/watch?v=lWuEE2T8qYM
legendary
Activity: 2604
Merit: 1036
January 28, 2015, 07:12:56 AM
#27
I think you should talk to Mark Karpeles about the briefcase full of cash  Grin
legendary
Activity: 2436
Merit: 1561
January 28, 2015, 06:34:59 AM
#26

Your bank account can be seized just for spending less than you earn over 10 years.
Luckily, not all countries are that insane.

In Canada, it is merely suspicious (but not illegal).

That doesn't make sense. Did you mean 'spending more'?

If you have more than $10,000 in your account from smaller payments, that is considered structuring. I don't understand how you can accumulate such a sum by spending more than you earn.


OK, I just didn't get how this sentence is in any way related to structuring:

"Your bank account can be seized just for spending less than you earn over 10 years."

Doesn't make sense on its own...

Anyway, I see your point now, so never mind.
hero member
Activity: 770
Merit: 500
January 28, 2015, 04:47:54 AM
#25
Contact Mark Karpeles
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