Topic: WTB up 50K worth BTC (Read 3058 times)

CTRs have been around since 1970.

October 26, 2001

http://en.wikipedia.org/wiki/Patriot_Act

I don't think is a right thing to accuse somebody you even know.You can ask Danny how many times he lended coins when I needed and got them back

I didn't. I have no problem to PM it.
Really don't feel like  posting it all over.I do respect Danny approach on heen public, but if can protect my privacy I would.
We also can use Danny as an escrow. I would trust this guy with my life.

OP ignored request for a link to his localbitcoin account he said he has good rep on?

Ah, I think I've figured out who you are now. Sorry for the misunderstanding. Actually, you can buy $50,000 worth of bitcoins easily in Chicago, but you'll pay a premium to do it.  I'm pretty sure, that you are one of at least two people in Chicago that I figured would be would be willing to sell that amount.  However, I'm pretty sure you're not just looking to buy, you're looking to buy at a good rate (BitStamp or lower).

If anyone is interested in selling to bornforfreedom, I'm willing to escrow the deal.


Yes, I suspect that you are one of the two other large scale "bitcoin service providers" I know of in the Chicago area.  One of them uses a different userID here (unless they have decided to create multiple accounts here), so I strongly suspect you are the other one. I knew you had created an account here at bitcointalk, but didn't know what userID you were using.


I'm willing to sell 10 BTC, but I don't think you're interested in paying my rate.  I suspect you're looking for a better deal (as I would be if I was buying).

P.S.

If you're willing to trust me with the cash, I'd be willing to act as a broker for you.  I can post an interest in buying bitcoins for BitStamp - (whatever % you like), and handle all the smaller transactions until the total amount is purchased. Then I can send the bitcoins on to you.

I've built up a pretty good reputation around here and can typically move a few thousand a week that way.  If you're willing to send cash via Western Union and MoneyGram, I can help you acquire bitcoins even faster.

Well said.
I bought all my cars for cash and always got respect from sellers.
I paid my rent by cash till I bought condo which I put down payment by cash and the rest in check wich was founded by cash.
Since when cash became something bad?


I

Danny is probably the most careful trader I meet.

PM me please

Well I had no problem to withdraw my home equity loan in cash.Cash is a legal tender in US , I have a proof how I got my money and as long as people prefer cash as a payment I don't see why should I worry.

Wrong guess.Very wrong.Ask Danny.

Yooo <3 (I feel ya)

it's so fucked up. even if you are an honest guy who works for his money they will still rob you and get away with it. they don't care about doing the right thing, they just want the money.

they were targeting illegal immigrants in arizona and texas taking their car and everything in it cause they knew they had no recourse they just took their shit and let them go.

i know we got a little off topic but i was really just trying to tell you guys about this. don't want this to happen to anybody. knowledge is power yo.

Web slicer is not wrong on this.  From a story on NPR:

http://www.npr.org/templates/story/story.php?storyId=91555835

That's a very large amount of cash to be carrying around, but as you can see from the story, he was not stopped for or charged with any crime.  They found out that he had a lot of cash on him, so they took it and required him to prove in court that it wasn't obtained illegally.

people who aren't legit don't put money in the bank, they do cash. people who have money in the bank don't withdraw 50K to meet some random stranger on the internet, they bank transfer. this is basic right click left click shit.

you guys are all over people who want $20 paypal but not this nub who want's to trade 50K cash in chicago? the city with the highest murder rate in the country. you guys are always good for a laugh.   

i wasn't questioning danny. nor am i questioning this guy. i'm just pointing out the obvious and trying to warn people about the 10K rule. even if both parties are legit if you can't prove the source of funds you will lose it.

Paypal it. Fuck it

Edit:

You'll catch a extra felony trying to run money through your bank account in small chunks to avoid paperwork just btw dude.  

http://www.tba.org/journal/dividing-your-deposits-is-a-federal-crime

Don't over think this shit This law applies to janitors just as much as it does to drug dealers.

I'm willing to bet Danny is fine.  I hear nothing but good things about him.

or just do bank transfer.  

it's some BS anti money laundering law bush established in 2001. it's called the patriot act. it applies to bank cash deposit cash in hand car or plane. anything over 10K is a bad idea if you can't prove the source of funds.

Did they have gold teefs and crack rocks in those Youtube vids?

Edit: Not trying to be mean or anything.

get caught with 10K cash in your hand or car and they will take that shit if you can't prove where you got it at that very moment. if you can't prove the source of the funds in court you won't get it back.

i stand by my statement. like i said i don't know him and he may be legit, but i wouldn't bet on it.

I think you might be thinking of International flights.  If you are flying outside the country with more than $10,000 you have to declare it (which isn't a big deal.) Also if you make a deposit into your bank account your bank has to fill out some bullshit (which I've never got bothered about... I'm not a greasy hippy generally.)

For flights within the country you can fly with as much cash as you can stuff in your bag.  I wouldn't put it under the plane




Pretty bold statement.

Remember cash is king and big transactions are part of life.  It is just a matter if you want to take responsibility for it or not. 

Believe it or not you don't need someone to hold your hand in a 50k transaction

my comment wasn't directed at you specifically, just trying to educate people considering traveling with more than 10K cash.

the only good reason i can think of why somebody would rather come with 50K cash is robbery drug dealer tax evasion or some other shady reason why they can't prove the source of the funds. most legitimate people in possession of 50K would want to do bank transfer cause it's safer and they have no problems with paper trail. but hey, i don't know this guy or his reasons so if anybody want's to roll the dice go for it.

Yes. There is.


And since I only have 10 BTC to sell, what does your reply have to do with my statement?

this 10K seizure law only applies to cash. BTC cashier check and bank transfer can't be seized this way.

there is no good reason to do cash instead of bank transfer.

Oh you're right.  Guess he is law enforcement then.  I like the name he chose.

Emphasis added by me.

The OP seems like he's just gonna steal your bitcoins and walk away. I advise anyone taking up his offer, to do the trade in a very Police-Populated Area. Like a bank or Police Headquarters.

Maybe renting your own team of bodyguards with automatic rifles for each of them would be good as well.

Don't trust newbie members, thats all

It could also be that he is not interested in transactions of less than 30 btc, as stated in his post.  Mentioning bank wires is probably a non-starter as well

Yes, bornforfreedom has reason to be concerned about the size of his transaction.

I don't have more than 10 BTC available to sell to him, so my transaction would be less than the $10,000 you are warning about.

It doesn't look like bornforfreedom was serious anyhow.  Clearly if he was actually active on localbitcoins and was actually looking to buy bitcoins in Chicago, he would already have found plenty of sellers in the area.  Perhaps he was attempting to manipulate the market, foolishly thinking that demonstrating interest in a $50,000 transaction would be enough to significantly move the market?

You are welcome to your opinion.

I am well educated in the matter, and am not concerned.  Thank you for looking out for me, but I'll be ok.

anything over 10K cash can and will be seized. the burden of proof to prove the source of the funds is on you. if you can't prove the source of the funds bye bye money and hello criminal charges. cops seize cars and all it's contents for this shit cause of corrupt anti money laundering laws. bank transfer is the way to do this.

Danny, you seem very naive about how the laws actually work.  Just because you think you haven't violated any laws doesn't mean they won't arrest you.  Just because you asked for clarification does not mean they will not arrest you.  They can claim it is a felony to sell bitcoins without having the proper license.  Maybe you will win the ensuing case or maybe you would wind up with a felony on your record.  Either way you would come out a loser financially.  We live in a police state.  The prosecutors and police decide who gets arrested.  It's up to their whim whether your bitcoin sales are considered legal or not (you could still win out in court).

Again, they can arrest you simply for selling bitcoin.  It does not matter if you pay your taxes.  It does not matter if you try to do everything above board.  It does not matter if you have done nothing ethically wrong.  All that matters is if they decide to try and get a conviction on someone for selling bitcoin without the proper licensing.  They can charge you as an "illegal money transmitter".


As for the rest of the story...  I can't get into it too much seeing as I live in a police state.  But the guy was using his real name, and some intense googling and investigation led to finding a post by the guy's brother on an internet forum saying that the guy now worked for the secret service.  My friend called the guy and apologized for having to back out of the deal and said he had read online "you work with the Secret Service".  The guy just hustled my friend off the phone without denying anything, basically just saying "ok, that's understandable.  take care" (paraphrasing).  So who know what was going on.  

The guy was definitely using his real name and phone number.  This would be really strange if they were doing an investigation.  It's possible they were just being cheap as hell, not wanting to do proper paperwork and request funds to set up a fake identitiy?  I have no idea.  There is definitely an internet post from his brother from a few years back saying that he worked for the Secret Service.  Also, in his first bitcoin post he claimed to work in a certain industry, and when given a pop quiz he had no idea what he was talking about and backtracked on some of the claims he had made in his post regarding what he supposedly did for a living.

I haven't violated any laws, so I don't expect the dinner to be in a jail cell.  I was thinking perhaps David Burke's Primehouse.


I don't call that often. I'm not trying to annoy them, I'm trying to get some information.  I generally call twice a week.

I've managed to talk to Rep. Anthony, and I spoke with several people at the Department of Financial and Professional Regulation.  Unfortunately, none of them seem to be able to find the information I'm looking for.

From what I can tell, the answer will need to come from the Attorney General's office.  Unfortunately, I've been informed that as a citizen, I apparently can't request a legal opinion from the Attorney General's office.  A request like that can be made by a County States Attorney's office, which is why I've now been trying to get in contact with someone there that can help me.  A request like that can also apparently come from the office of the Illinois House Republican Leader Jim Durkin. I've been talking to Benjamin Ruddell, an attorney on staff for Leader Durkin's office, since the end of May.  He said that Leader Durkin's office would submit the request, but after 6 weeks of procrastination, I'm starting to think that he's just stringing me along and hoping I'll give up eventually.

Rep. Anthony is planning on having a couple of "Town Hall" meetings in the next few weeks.  I'll probably attend and see if I can get some additional information from him.

I like how you emphasize on them paying for dinner, I could only imagine seeing that from a Jail Cell... (If you were lucky), Secret Service paying for dinner seems very unlikely but it would be nice for once, but what am I even saying I am not a US Citizen but I am visiting....

You can only keep trying to call them, I could only again imagine what it would be like calling them... Call the same numbers two to three times every 5 minutes, that would surely irritate them and make them answer your call... Or then, they may just cut the line and diminish your hopes and dreams.

Prayers are with you in the hopes they start answering your calls.

If the Secret Service wants to know about my bitcoin activities, they are welcome to give me a call.  I'll happily sit down and discuss it with them over dinner (I assume they are paying?).

While they're at it, I'd be absolutely thrilled if Illinois State Attorney General Lisa Madigan would give me a call.  I've tried calling her office, as well as the office of Grundy County State's Attorney Jason Helland, the Illinois Department of Financial and Professional Regulation, and the office of Illinois State 75th District Representative John Anthony.  I've been trying since February to get some information about operating a business involving Bitcoin in the State of Illinois, and I haven't been able to get any useful answers yet.

How much was he selling... for the Secret Service to get involved?

Very odd, well you never know (secret service likes to know EVERYTHING) so they may as well like to know about this. I am always trying to fight off damn scammers, let alone the secret service  

That's okay by me.  I report all my bitcoin income to the IRS and pay the appropriate taxes.  I'm not interested in breaking any laws when it comes to usage of bitcoins. I make sure that all my activities are within the law and that all the necessary taxes are paid.

Odd story.

Why would the Secret Service care about an exchange of $6,800 for 10 bitcoins?

I'm always careful.

  What is the rest of the story?

My friend was going to do a similar deal.  They were going to meet in a casino hotel.  He had the room booked and everything.  The noob bitcoin poster who wanted to pay in cash and was willing to travel... well it seems he works for the Secret Service.

Be careful Danny (and anyone else who is tempted).  You might want to pay attention to the warnings.  

You really need to be careful who you trade with, banks I know have to report any income to the Taxation Office here in Australia over $10,000. So to do this at $50,000 it an be risky, you can never tell if this is a person going to mug you or worse, but then again he could be from the IRS

$6,860?

I've done larger.

I'm careful about security.

Are you sure you want to meet face to face with this kind of cash amount? I personally would not do this transaction in person for security reasons.

I'm in the Chicago area.

I don't really need the cash right now and am not looking to exchange my bitcoins at the current market rate, but if you're willing to pay a premium for the convenience of exchanging cash locally in Chicago, I might be able to help.

I know a few sellers in the area that might be willing to sell 10 BTC or more at a rate somewhere around $700 per bitcoin.

For your minimum transaction size (10 BTC), I might be willing to sell at BitStamp + 10% (currently somewhere around $686).

Chicago is a pretty active on localbitcoins.  If you have good feedback there, then why aren't you just buying the bitcoins there?

Chicago localbitcoins cornfeedhobo is currently advertising bitcoins for sale at $672 each for up to $50,000 worth.
Chicago localbitcoins NewJoe is currently advertising bitcoins for sale at $679 each, with no upper limit listed.
Chicago localbitcoins darakaye2 is currently advertising bitcoins for sale at $685 each for up to $9,000 worth.

I don't see an add on Chicago localbitcoins for anyone offering to buy $50,000 worth of bitcoins, nor do I see an add on Chicago localbitcoins for anyone offering to buy a minimum of $6300 worth, so clearly you haven't placed a localbitcoins ad in the Chicago area yet.

Place the ad, offer a competitive price, and you'll probably find a seller.

why dont you just buy them in coinbase, your bank dont allow it?, i think you can found someone here or in localbitcoins but if you dont, try on coinbase.

+1! Will you be following FINCEN requirements? If not, I would be VERY careful when making a trade like this, (buyer or seller) you could get yourself in a world of shit REAL quick!

ive also heard of people getting arrested for doing just this same thing ( something about money transmitter )

I might consider something else.

I think if you meet in public place in downtown in major American city during day time has almost zero risk.
I have heard stories but it was always involved some shady location and some weird time of the day.

Can I get ur localbitcoin profile? With some proof and not just the link?

telling some random person on the internet you are going to meet them with $50k cash might not end well.
you might want to think your strategy. people have killed for way way less.
stay  safe people! stay safe.

only cash or any other mode of payment

Will pay cash.
SF,Chicago -10BTC min
Everywhere in US - 30 BTC min
I have very good feedback on Localbitcoins.
Please PM