- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 5/5/16 at 10:07 am to NYNolaguy1
quote:
"Spending" could be a loose term. What if you stick it in a high end mutual fund and let it gain value? Then return the original principal?
Then that would be borrowing the money and borrowing anything without permission is what people say they are doing when they get caught stealing. It is theft either way.
Posted on 5/5/16 at 10:11 am to MontyFranklyn
LINK
My buddy and I found money while we were a kid and turned it in. When we initially found the money we were in shock and excited to go to the local pawn shop to buy the Penn Reels that we always wanted, but for some odd reason the pawn shop was closed that day.
It was more rewarding for us as 13 yr olds to turn the money in and hear from ex-pro Dennis Rasmussen, receive gift cards from local businesses, and not to mention everyone and their brother wanted us to mow their lawn after that!
My buddy and I found money while we were a kid and turned it in. When we initially found the money we were in shock and excited to go to the local pawn shop to buy the Penn Reels that we always wanted, but for some odd reason the pawn shop was closed that day.
It was more rewarding for us as 13 yr olds to turn the money in and hear from ex-pro Dennis Rasmussen, receive gift cards from local businesses, and not to mention everyone and their brother wanted us to mow their lawn after that!
Posted on 5/5/16 at 10:14 am to noles25
quote:Yea that is how it works for suburban teens, but I bet if you turned it in now they'd claim it as drug money. Depending how much it is of course.
My buddy and I found money while we were a kid and turned it in. When we initially found the money we were in shock and excited to go to the local pawn shop to buy the Penn Reels that we always wanted, but for some odd reason the pawn shop was closed that day.
It was more rewarding for us as 13 yr olds to turn the money in and hear from ex-pro Dennis Rasmussen, receive gift cards from local businesses, and not to mention everyone and their brother wanted us to mow their lawn after that!
Posted on 5/5/16 at 10:14 am to noles25
quote:
LINK
My buddy and I found money while we were a kid and turned it in. When we initially found the money we were in shock and excited to go to the local pawn shop to buy the Penn Reels that we always wanted, but for some odd reason the pawn shop was closed that day.
It was more rewarding for us as 13 yr olds to turn the money in and hear from ex-pro Dennis Rasmussen, receive gift cards from local businesses, and not to mention everyone and their brother wanted us to mow their lawn after that!
So, which one are you?
Aaron Milligan or Josh Thedford?
Posted on 5/5/16 at 10:14 am to GetCocky11
Milligan
Posted on 5/5/16 at 10:15 am to noles25
quote:
My buddy and I
quote:
Aaron Milligan and Josh Thedford
Well, your name is now on TD
Posted on 5/5/16 at 10:16 am to noles25
Internet anonymity destroyed
ETA: Cool story though. Props to you and your friend for doing the right thing.
ETA: Cool story though. Props to you and your friend for doing the right thing.
This post was edited on 5/5/16 at 10:17 am
Posted on 5/5/16 at 10:20 am to MontyFranklyn
quote:
If you were walking along the beach and found a duffle bag full of money would you give it to the police?
I find the nearest UPS Store (or PostNet or something similar) and ship it to myself.
Posted on 5/5/16 at 10:53 am to MontyFranklyn
quote:
If you were walking along the beach and found a duffle bag full of money would you give it to the police?
Civil Code art. 3420 says hell naw
LINK
Posted on 5/5/16 at 11:11 am to MontyFranklyn
You can't manipulate funds that aren't yours.
Account holder is responsible for anything going into or out of his accoint.
Pretty simple.
Account holder is responsible for anything going into or out of his accoint.
Pretty simple.
Posted on 5/5/16 at 11:18 am to Scooba
quote:
He kept the receipt from the ATM and leaves it laying on his car seat when he picks up chicks
Don't know the guy but I like him already!!
Nothing turns on a hot chick like $$$$
Posted on 5/5/16 at 11:40 am to Scooba
quote:
If you know the money isn't yours and you spend it then it is theft. It's pretty simple.
Posted on 5/5/16 at 12:11 pm to Scooba
quote:
leaves it laying on his car seat when he picks up chicks.
That's pretty cool.
Posted on 5/5/16 at 12:36 pm to TheCaterpillar
quote:
Well, your name is now on TD
He only has 200 posts.
easy alter to switch.
Posted on 5/5/16 at 12:39 pm to Tigeralum2008
quote:
Even if you just make 3% off the 3.4M balance you'll earn $102,000
Yeah good luck arguing that you are actually entitled to those funds.
Posted on 5/5/16 at 1:04 pm to JumpingTheShark
It appears most of these happen in other countries, the US has some kind of $10,000 transfer rule where they are looked at because of drug buys right? I wonder if they are caught in the USA faster because of that? How does a bank not realize $3.44 million is missing for almost 4 years? That doesn't make sense to me?
The article said that all they expected was that the entire amount be paid back in full. I don't see why if you invested it in something very conservative like a municipal bond that would be illegal? If you are gifted money, its the taxes due is on the gifter and not whom received it correct? You wouldn't want to put the money into a mutual fund or something because if it went down in value by say 4% and the bank wanted their money in the case of $3.44 million you'd be looking to owe $120,000 to your investment bank.
The article said that all they expected was that the entire amount be paid back in full. I don't see why if you invested it in something very conservative like a municipal bond that would be illegal? If you are gifted money, its the taxes due is on the gifter and not whom received it correct? You wouldn't want to put the money into a mutual fund or something because if it went down in value by say 4% and the bank wanted their money in the case of $3.44 million you'd be looking to owe $120,000 to your investment bank.
Posted on 5/5/16 at 1:26 pm to Tigeralum2008
quote:
A similar New Zealand case didn't end so well, which saw a man jailed for four years and seven months after he was mistakenly given a NZ$10 million (US$6.8 million) bank overdraft.
By the time the bank found out about the error, police said Gao and his girlfriend had transferred half the money overseas and left for Hong Kong — where they allegedly went on a gambling spree.
I could do 4 years and 7 months in some white collar prison for $6.8 million if I could transfer the money off shore somewhere they couldn't touch it first
Posted on 5/5/16 at 11:59 pm to baldona
quote:
I don't see why if you invested it in something very conservative like a municipal bond that would be illegal?
That money belongs to someone and the argument would be that 1) you were never entitled to the funds in the first place, and 2) the rightful owner would be missing out on interest and/or investment opportunities. Surprised this needs to be explained...of course it would be illegal.
Posted on 5/6/16 at 12:13 am to baldona
The FBI would be alerted via a ctr once you tried to transfer the funds.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News