I'd say take whatever you're putting in the bank to an offshore bank in the carribean, but honestly with that much cash, I'd want a swiss bank. I'm not sure how I'd go about bringing 50 mil in cash to switzerland, but I'd figure it out.

At least half is staying in the bank/ going into some investments (actually probably more like 40 of the 50).

around 2 mil for a ballin estate/mansion

750k or less on some cars

there'd be alot given to charity, but I'm going to vegas with a mil

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Posted by shel311

McKinney, Texas

Member since Aug 2004

111219 posts

Posted on 4/9/09 at 5:13 am to checkraise

quote:
but honestly with that much cash, I'd want a swiss bank. I'm not sure how I'd go about bringing 50 mil in cash to switzerland

That's what i'm wondering as well. That kinda ruined that plan for me.

Whatever the plan, i gotta be 100% sure it's gonna work.

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Posted by Rivers

Florida

Member since Nov 2008

3256 posts

Posted on 4/9/09 at 7:24 am to checkraise

quote:
around 2 mil for a ballin estate/mansion

750k or less on some cars

Many a Florida drug dealer has been busted by the IRS and/or FDLE, DEA for this sort of unaccountable spending. One day they knock on your door and want you to prove where the income came from for the big ticket purchases...and, why you didn't pay taxes on that income. The IRS can assess you for their estimate of taxes you have not paid, based on what you own vs your provable income, and they do it all the time. When the IRS finishes with you the DEA will want to talk to you.

Anytime you spend over $10K (I think that is the amount, not positive) in cash for anything it's automatically reported to some gov agency.

All I know about this is what I have gathered from Fl newspaper stories. In the late 70s to 80s many banks existed in S Florida that specialized in laundering drug money. Lots of bankers/drug dealers/attorneys for drug dealers went to jail. The trend now is drug money buying retail outlets or service businesses and claiming much greater sales or services than they actually generate, paying taxes on profits, after which the money has become laundered (it has a legit history that can be proven, sort of).

Any of this activity might lead to lots of stress and sleepless nights...not to mention that there are a zillion snitches out there that would rat on you for peanuts. There are at least 50 ways that you can screw up when committing a crime, if you can think of 25 of them you are a genius.

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Posted by EOT

70769

Member since Dec 2006

1434 posts

Posted on 4/9/09 at 9:39 am to checkraise

quote:
I'm not sure how I'd go about bringing 50 mil in cash to switzerland

You can lease a boat and take it to the Cayman's. Stuff the money into the banks there and if you want a huge place, buy in Costa Rica. No reason to leave redflags in the US.

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