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re: OK Sheriff indicted for bribery, extortion after traffic stop
Posted on 4/1/16 at 2:30 pm to saintsfan1977
Posted on 4/1/16 at 2:30 pm to saintsfan1977
quote:
Not easy to do. If you saved a little cash in your home safe that accumulated over years into $12,000 how would you prove its not drug money?
Well whatever you do with it is going to require federal reporting in the first place. Try bringing $12,000 in cash to your bank and see if they just take it with no questions asked. Federal money laundering laws are incredibly strict.
2
Posted on 4/1/16 at 2:33 pm to slackster
quote:
Well whatever you do with it is going to require federal reporting in the first place. Try bringing $12,000 in cash to your bank and see if they just take it with no questions asked. Federal money laundering laws are incredibly strict.
To think there was an entire generation of people that didn't trust banks after they failed them- often hiding money in walls, attics, freezers... Now they'd be suspected of money laundering or "drug charges" simply by having cash.
Posted on 4/1/16 at 2:35 pm to slackster
Im talking about money you saved from your check each month but in cash. You already paid taxes on it.
You could deposit 12,000 cash in a bank. They will give you forms to fill out and you might get audited but there is no law preventing you from depositing money in a bank.
You could deposit 12,000 cash in a bank. They will give you forms to fill out and you might get audited but there is no law preventing you from depositing money in a bank.
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