ID'd when cashing out

[Kasi]

So it sounds like there's a ton of paperwork on both sides. There must be a whole staff of CTR filers at a big house like Bellagio or Wynn's. Long live Federal Bureaucracy!!

There is. And a while back one of those guys in the back room just stopped filing them for a while and the casino got slammed heavily with a fine from the Feds.

What do you think will happen to you entering the country with more than $10K cash you didn't declare?

Give your chips to someone else to cashin for you, potential money-laundering.

Give 20 guys $500 to buy chips at a table, play for 5 minutes and cash-out, money-laundering if you get caught.

Just get stopped by the police with $20K in the car - kiss it goodbye.

Now go vote whether this country is fascist or not.

 

[shadroch]

Last time I got stopped with 20K in my car,it was just enough to get me out of the speeding ticket.

 

[bj bob]

Last time I got stopped with 20K in my car,it was just enough to get me out of the speeding ticket.

That must have happened in Mexico. :grin::grin:

 

[Bojack1]

There is. And a while back one of those guys in the back room just stopped filing them for a while and the casino got slammed heavily with a fine from the Feds.

What do you think will happen to you entering the country with more than $10K cash you didn't declare?

Give your chips to someone else to cashin for you, potential money-laundering.

Give 20 guys $500 to buy chips at a table, play for 5 minutes and cash-out, money-laundering if you get caught.

Just get stopped by the police with $20K in the car - kiss it goodbye.

Now go vote whether this country is fascist or not.

I'll tell you what, I have regularly have traveled with a hell of a lot more than 20K on me with little trouble. Even the rare instances that I have had trouble, I have always kept my money. Don't let theoretical stories of the boogeyman and the govt rule your thinking. If you are not a criminal chances are you will keep your money. Actually its not a bad thing to have someone check out something that on the surface seems suspicious. Even if at the time it may be inconvenient. There are more bad guys then good that carry large sums of cash, so if you choose to do it, prepare for what may happen in cases of an authority finding it.

So I can flat out tell you that I have been caught with as much as $80,000 on me and did not lose one penny of it. As a matter of fact I love the fact that this country offers the opportunity to even have a chance at making the kind of money that would even raise questions like these.

As far as your last comment thanks for the advice but my vote has already been cast, and no weak whining about how am I to hide large amounts of money will change that. Try that argument in some other countries and see what kind of sympathy you get.

 

[Kasi]

Don't let theoretical stories of the boogeyman and the govt rule your thinking. If you are not a criminal chances are you will keep your money.

Maybe the chances are that you will.

Too bad for Gonzolez, never convicted of a crime, no drugs found in car, they confiscated his $124 K and he never got it back after the Appeals court upheld the seizure, I think overturning an earlier (federal I think) decision that said the cash was just for what he said it was - to buy a truck, I think.

I guess, like you say, there is some risk anyway.

 

[EasyRhino]

So I can flat out tell you that I have been caught with as much as $80,000 on me and did not lose one penny of it..

This wasn't in border-crossing or other type of environment where having more than a certain threshold of undeclared cash would have been bad, was it?

 

[Automatic Monkey]

This wasn't in border-crossing or other type of environment where having more than a certain threshold of undeclared cash would have been bad, was it?

It doesn't even have to be that to be a risk. Cops are humans too and I'd suspect most of them have some dollar threshold at which they will decide they'd rather be a robber. That money will never make it to the police station and you will never make it to the hospital. And to add insult to injury the final story will be that the cop was a hero and you were the bad guy.

Another scenario: a cop stops you, sees you have a large sum of cash, and he lets you and it go. But he calls up one of his buddies who works the other side, who meets you down the road and he does not let you go.

The basic principle is that any time someone discovers you have a lot of cash in your possession, you are placed at some risk.

 

[sagefr0g]

Maybe the chances are that you will.

Too bad for Gonzolez, never convicted of a crime, no drugs found in car, they confiscated his $124 K and he never got it back after the Appeals court upheld the seizure, I think overturning an earlier (federal I think) decision that said the cash was just for what he said it was - to buy a truck, I think.

I guess, like you say, there is some risk anyway.

http://www.nbcnews.com/id/13415622/