re: Cops Steal $91,800 From a Musician, Claiming He Gave It to Them

quote:

---

It's his right to do it, but come on, put it in a bank.

---

obviously you dont know that if you deposit or withdraw large amounts of cash the bank is "required by law" to call the police on you as a suspected drug dealer or some other illegal activity.

yes you will be put under police surveillance if you move large sums of cash around.

they define "large sum" as anything over $1k, at which time you are flagged as "suspicious drug related activity" and any amounts over $3k are enough to have them start up an investigation into everything you do.

i took $10k cash out of the bank to go by a car with and the bank and the car dealership both reported me to the police and IRS as a "person of interest" to be checked out. the IRS even sent me a letter demanding i "explain" why i made such a large cash purchase.

quote:

---

i took $10k cash out of the bank to go by a car with and the bank and the car dealership both reported me to the police and IRS as a "person of interest" to be checked out. the IRS even sent me a letter demanding i "explain" why i made such a large cash purchase.

---

I despise Civil Asset Forfeiture, but surely you understand that large cash purchases are often the source for money laundering/tax evasion, no?

I'm sympathetic for individuals who get caught up in the mess, but in 2017 it's reasonable to believe that $10k+ cash transactions will result in legal issues.

It's disgusting how few of y'all back the badge. This guy was driving a van full of music equipment and has tattoos on his arms of course he sells drugs

quote:

---

so you think its "reasonable" to have the IRS asking you about buying a used car for $10k cash?

---

I think the IRS has a reasonable basis for inquiring about a $10k cash purchase in 2017.
That doesn't mean you owe them an explanation, but I understand why their interested. It's perfectly legal, but it's an action often done with illicit funds.

quote:

---

Yeah, guy keeps all that cash in his apartment.

Cause Banks wouldn't work, amirite? Safe Deposit box wouldn't work.

---

I'm always very skeptical of the legality of these funds, but I don't condone CAF. Catching a criminal shouldn't infringe on the rights of the innocent, even if they're the minority.

quote:

---

obviously you dont know that if you deposit or withdraw large amounts of cash the bank is "required by law" to call the police on you as a suspected drug dealer or some other illegal activity

---

Not quite as bad as you make it sound. They do have to report it, but that doesn't mean anything bad happens to you.

In fact, just today I helped my mom transfer nearly $20k as part of her required minimum IRA distribution. I'm sure a report was made but it's a legit transfer that she is required by law to make, nothing is going to happen.

quote:

---

Cops would've confiscated the F out of that gold brick.


Drug dog wouldn't have sniffed out a gold brick.

---

Drug dog didn’t sniff out the cash. Or any drugs for that matter. Drug dog saw the tennis ball and sat. The signal to search.

And there are many people in this country that are afraid of banks and after what we came through have good reason. No different than my grandparents and their generation hiding money under the mattress after the depression after losing it during the run on the banks. And he was somewhat transient and felt the best place to keep it was with him.

They wonder why people generally distrust them. Because there are plenty across the country just like them and apparently this went to the top of the department.

Look no further than the La. State Police and the shite they have done in the last year here. Or the shite they got caught doing.