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Started By
Message
re: Is there a way to make a large cash withdrawal?
Posted on 3/13/16 at 7:55 am to ocelot4ark
Posted on 3/13/16 at 7:55 am to ocelot4ark
quote:
It is NOT against the law to withdraw any amount of cash from your account...as long as that withdrawal isn't tied to criminal activity.
That tie you speak of is not the criminal standard of beyond a reasonable doubt. It's the civil standard of preponderance of the evidence- and it's not the govt that has to prove its case. It's you, because your property is assumed guilty.
The IRS has been going after structuring cases recently where it thinks it can win, even if there is no criminal activity. Hell no one even has to get charged.
quote:
When federal agents stormed into Lyndon McLellan's North Carolina convenience store last October without warning and accused him of trying to put one over on the government, the small business owner wasn't sure what was happening.
"They asked me if I knew what 'structuring' was and then they showed me some cash deposits I made in a 24-hour period," he told FoxNews.com.
The IRS agents apparently were suspicious because of deposits McLellan had made of just under $10,000. Banks are required to report transactions over $10,000; making multiple deposits of less than $10,000 to evade that requirement is known as "structuring."
Under this pretense, enforcement agents accused McLellan of the con and seized all $107,000 from his bank account.
McLellan is one of many business owners who have been caught up in a controversial federal practice known as civil forfeiture. Under this policy, federal agents have been able to seize the property and bank accounts of anyone they suspect of having criminal ties. The burden of proof falls on the owner even if no charges are filed.
LINK
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Posted on 3/13/16 at 8:43 am to BabyTac
Put the Pipe down.You're welcome. 
Posted on 3/13/16 at 8:44 am to BabyTac
Pls update, OP. We want to know how your predicament turns out. If you're in hiding, put on a fake mustache and go to a Starbucks long enough to drop a message to your pals on the OT.
Posted on 3/13/16 at 9:05 am to whiskeyjohn
That's not entirely true. If you withdraw 10k in a given business day, the bank has to fill out a large currency report.
Posted on 3/13/16 at 9:33 am to Jim Rockford
No shady activity. I actually wanted to go to the casino and I typically like to bet big and have enough backing. I didn't want to drive the few hours there not knowing for sure how much I could or couldn't get out. I'll just wait until next weekend.
Lots of legalality fails in this thread.
Lots of legalality fails in this thread.
Posted on 3/13/16 at 9:47 am to BabyTac
An OT baller would have the casino send the helicopter and would have a $500,000 marker waiting when he got there.
Posted on 3/13/16 at 10:10 am to BabyTac
Your homie can ride it out until Monday. Just tell him he either needs to kick someone's arse or become someone's bitch in the meantime.
Posted on 3/13/16 at 10:43 am to Bushmaster
quote:
I said at least
Please tell me you keep some in a stable foreign currency as well?
I keep very little USD in the house, around 2k in the freezer. I keep a decent amount of Sing in the safe. It sounds silly, but my ancestors have had to make a run for the border in more than one country because of war, rebellion, genocide, and so on.
Posted on 3/13/16 at 10:53 am to X123F45
quote:So you come from a long line of folks who can't get along with their neighbors?
my ancestors have had to make a run for the border in more than one country because of war, rebellion, genocide, and so on.
Kidding. Even the Swiss fought if you go far enough back into their history.
I have cash on-hand and pre-65 US 90% silver coins.
Posted on 3/13/16 at 11:03 am to X123F45
quote:
It sounds silly, but my ancestors have had to make a run for the border in more than one country because of war, rebellion, genocide, and so on.
it is not silly at all...in this country, we have grown to enjoy the relative peace and security that resulted from the vision of our founding fathers. that can go away quickly if our society continues to move away from that vision...
Posted on 3/13/16 at 11:25 am to willhigg6
quote:
but one could literally pay cash for a vehicle. I did so with my motorcycle, and it would about 7K. This probably isn't the situation with the OP, but it's not like all versions of having 10K in cash are nefarious
Of course, and as I said, there are legitimate reasons, but they are few and far between in most cases.
Posted on 3/13/16 at 12:04 pm to soccerfüt
quote:
So you come from a long line of folks who can't get along with their neighbors?
They left nova scotia before everyone got kicked out, russia before they started slaughtering academics, germany before they realized why our hair is curly, ireland right before the famine, and my great great grandmother married a white guy right about the time the indians were getting tossed in camps.
We have a history of predicting right when the shite is about to hit the fan and GTFO.
Posted on 3/13/16 at 12:17 pm to Haplochrom
quote:
Last time I pulled that much out was early 2014.
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