what to do with large amounts of cash? - page 2.

mrdeposit

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Quote from: beetcoin on May 03, 2014, 12:02:30 PM

does OP have a record? is that why you are wary of this? i don't think a cop will bring a k9 with him when pulling him over, much less ask to check his car. even if he did, OP could refuse it.. unless he has a record.

He already said he doesn't do anything illegal. He just gets paid in cash for his work. Which means he can't prove how he got the cash nor does he pay taxes on the cash he made. At least thats what I take from this thread.

beetcoin

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does OP have a record? is that why you are wary of this? i don't think a cop will bring a k9 with him when pulling him over, much less ask to check his car. even if he did, OP could refuse it.. unless he has a record.

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Quote from: ?? on ??

You cannot fool the dog. The trick is to fool the handler. This won't work for you, but if you were smuggling something small, hide it in raw meat, inside a grocery bag. The dog lights on it, but the handler thinks it's just excited about the meat.

I'm sure they're wise to that trick. Seems a bit simple really. They can always scan the meat and that won't fool any handler.

WEB slicer

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that is an option, but not very practical. gonna be difficult to cash out a large diamond. good idea though.

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Quote from: hilariousandco on May 03, 2014, 11:31:16 AM

I understand if you're one of those people who likes to make their own money rather than conform to the taxable rat race so need to minimise the paper trail, but wont it arouse suspicion if you start paying loads of money into your account or cashing in checks all in your name? If you're going the way of checks and western union etc I'm sure there are many other options available if you're willing to do it in smaller amounts. I'd be paranoid about the paper trail though.

yes, but i already called around you do not need to have an account to purchase a money order or cashier check for amounts under 10K. i could buy 9K from various banks and cash when i need them instead of all at once.

i dont want to travel with tons a cashier checks for 9K. (still very suspicious) im trying to spread the money around.

WEB slicer

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Quote from: ?? on ??

Cashiers checks are the same as cash and they don't get reported to the I.R.S. unless you go over $9,999 once you hit the $10k mark it must be reported to the I.R.S. under the Patriot Act.

yes and no. they are as good as cash but they are not cash and the laws are different regarding seizing cashier checks.

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Quote from: bryant.coleman on May 03, 2014, 11:28:18 AM

Convert some of the cash in to bullion (gold or platinum bars might be a good option). If you don't want to trust bullion, then convert the cash to 1,000 CHF bills. Easier to conceal.

bullion is a good idea. the type of currency doesnt matter. they will still take it.

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Quote from: WEB slicer on May 03, 2014, 11:24:08 AM

Quote from: ?? on ??

I Don't understand why you can't use a cashiers check....You make your activities look highly suspicious. I have moved from State to state before and never had this problem....Worrying about drug sniffing dogs traffic stops etc.

cashiers checks are a good idea. the laws are different. im going to use cashiers checks, western union, and pre-paid cards. but they all have their limits. i need more options.

im not a drug dealer or a criminal. i just dont work a 9-5. im technically unemployed. all my income is cash that i cant prove.

I understand if you're one of those people who likes to make their own money rather than conform to the taxable rat race so need to minimise the paper trail, but wont it arouse suspicion if you start paying loads of money into your account or cashing in checks all in your name? If you're going the way of checks and western union etc I'm sure there are many other options available if you're willing to do it in smaller amounts. I'd be paranoid about the paper trail though.

bryant.coleman

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Convert some of the cash in to bullion (gold or platinum bars might be a good option). If you don't want to trust bullion, then convert the cash to 1,000 CHF bills. Easier to conceal.

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Quote from: hilariousandco on May 03, 2014, 11:23:44 AM

Surely that leaves a paper trail though which I'm sure he's keen to avoid?

exactly, any amount of 10K is reported.

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Quote from: ?? on ??

I Don't understand why you can't use a cashiers check....You make your activities look highly suspicious. I have moved from State to state before and never had this problem....Worrying about drug sniffing dogs traffic stops etc.

cashiers checks are a good idea. the laws are different. its cash that is highly risky. im going to use cashiers checks, western union, and pre-paid cards. but they all have their limits. i need more options.

im not a drug dealer or a criminal. i just dont work a 9-5. im technically unemployed. all my income is cash that i cant prove.

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Quote from: WEB slicer on May 03, 2014, 10:56:07 AM

im moving to another state. im driving and will pass through multiple states. i need to get cash from point A to point B. i hear horror stories about state forfeiture laws. i cant prove the source of the funds and i cant put it in the bank. i already have too much BTC and dont want to put everything i have in BTC. so far im thinking about cashiers checks, western union, and pre-paid cards. but i need more options. im also open to investments.

thanks for the suggestions.

I Don't understand why you can't use a cashiers check....You make your activities look highly suspicious. I have moved from State to state before and never had this problem....Worrying about drug sniffing dogs traffic stops etc.

Surely that leaves a paper trail though which I'm sure he's keen to avoid?

Quote from: WEB slicer on May 03, 2014, 11:19:36 AM

Quote from: yatsey87 on May 03, 2014, 11:15:37 AM

I don't think even doing any of that fools the dogs though. I've seen videos of stuff that has been packaged and consealed insanely well and they still sniffed it out.

yep, saw an ex drug cop explain how trying to cover up the smell of drugs wont work. he explained it like this. when you make stew you have multiple ingredients. chicken, beef, tomatoes, broth, etc. when people smell that we only smell the stew as a whole. but when a dog smells it he can smell and identify every single ingredient. the smell of drugs will also permeate through other materials.

we are way off topic though. it's not drug money.

Haha, but the money might have traces of drugs on it, so you need to minimise that risk Cheesy

.

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Quote from: yatsey87 on May 03, 2014, 11:15:37 AM

I don't think even doing any of that fools the dogs though. I've seen videos of stuff that has been packaged and consealed insanely well and they still sniffed it out.

yep, saw an ex drug cop explain how trying to cover up the smell of drugs wont work. he explained it like this. when you make stew you have multiple ingredients. chicken, beef, tomatoes, broth, etc. when people smell that we only smell the stew as a whole. but when a dog smells it he can smell and identify every single ingredient. the smell of drugs will also permeate through other materials.

we are way off topic though. it's not drug money.

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Quote from: hilariousandco on May 03, 2014, 11:03:05 AM

Is it really likely that they will find well-concealed cash? Do they have cash-sniffing dogs at state borders? You could always mail it to yourself using a courier or something.

The dogs are to sniff the drugs,not money,but now depends from where your from and were you want to travel too.You can wrap the money and hide it inside the car.Western Union has a limit on how much money you can send a day.

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Quote from: WEB slicer on May 03, 2014, 11:11:53 AM

Quote from: hilariousandco on May 03, 2014, 11:08:57 AM

Quote from: WEB slicer on May 03, 2014, 11:05:45 AM

mailing cash isnt gonna work.

Why not?

read the title - large amounts. mailing cash is probably even worse than traveling with it. if i was gonna mail anything it would be money orders and cashier checks. everything you do in life has risks. the trick is to minimize the risk.

You are minimising risk but you're never going to get the risk down or close to zero. Mailing it isn't as bad as actually having it on you, but I think the risk of it being found in your car is also probably minimal.

yatsey87

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Quote from: mrdeposit on May 03, 2014, 11:12:49 AM

Quote from: yatsey87 on May 03, 2014, 11:10:28 AM

Quote from: mrdeposit on May 03, 2014, 11:06:36 AM

My advice is take the time to wash your cash. People seem to forget or just don't know that cocaine is on the money. With a large sum of cash, the smell of cocaine can be picked up by police dogs. Just wash your cash, put it in a bag with dirty clothes and nobody will ever know.

Will that actually work though? I'm not sure you can easily get rid of all drug traces just by washing money.

You could always wrap it up like drug dealers do cocaine after you wash the money. Or you could place the cash in something air tight.

I don't think even doing any of that fools the dogs though. I've seen videos of stuff that has been packaged and consealed insanely well and they still sniffed it out.

WEB slicer

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trying to get around traveling with it. need to put it somewhere or turn it in to something else. dont want the cash on me.

mrdeposit

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Quote from: yatsey87 on May 03, 2014, 11:10:28 AM

Quote from: mrdeposit on May 03, 2014, 11:06:36 AM

My advice is take the time to wash your cash. People seem to forget or just don't know that cocaine is on the money. With a large sum of cash, the smell of cocaine can be picked up by police dogs. Just wash your cash, put it in a bag with dirty clothes and nobody will ever know.

Will that actually work though? I'm not sure you can easily get rid of all drug traces just by washing money.

You could always wrap it up like drug dealers do cocaine after you wash the money. Or you could place the cash in something air tight.

WEB slicer

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Quote from: hilariousandco on May 03, 2014, 11:08:57 AM

Quote from: WEB slicer on May 03, 2014, 11:05:45 AM

mailing cash isnt gonna work.

Why not?

read the title - large amounts. mailing cash is probably even worse than traveling with it. if i was gonna mail anything it would be money orders and cashier checks. everything you do in life has risks. the trick is to minimize the risk.

Topic: what to do with large amounts of cash? - page 2. (Read 1496 times)