re: The "found money" and ethics thread

The ethics of the OT lounge...

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So the correct way to handle it is to take it somewhere, ensure there are no tracking devices, split it between safety deposits and a robust home safe, and use it to pay cash for every minor/moderate expense for the next 10-15 years.

That should keep it under Uncle Sam’s radar but enables a rapid and sustained improvement in quality of life.

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As long as there isn't any tracking deice just simply get a fire safe and stash it at home. Then you buy all your regular purchase with cash. Groceries, dining out, clothes, basic $100 Target trips, etc. No one would ever actually know. If you want to do something like go to Disney then just buy DIsney gift cards at Target, CVS, etc. in $100-$200 increments over a few months. I'm sure you could do the same with other vacation destinations.

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Jesus some of y'all are dumb and should 100% turn the money on. Casino to launder money?? Wtf?? This isn't 1965 where you can say you won it in Vegas.

But it's also easier than ever to launder with crypto currency. Cash for bitcoins is a legit thing.

Keep plenty liquid for day to day transactions like groceries. The rest gets laundered.

Or you can keep it all for day to day loving for 15-20 years.

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I think you're wrong. The point is to exchange the "found" bills for "clean" bills from the casinos, so you are never directly purchasing things with potentially marked dollars.

Go cash in for $5k at a high roller table on a Friday / Saturday night in a big casino. $4k is dirty money, $1k is clean money. Golden Nugget or L'auberge in Louisiana would be good targets because they have people dropping serious money all the time and this quantity wouldn't look unusual. You wouldn't want to do this at a casino where $5k would bring massive attention. Also you'd want to change up the location every time if possible. Only visit a single casino once every few months at most...the less frequent the better.

Play for a while, maybe win a little, maybe lose a little. Whatever. Aim to keep at least 80-90% of what you showed up with. Consider it a laundering fee. Even if you lose your $1k clean money, you turned it into $4k. Not bad for hanging out for a couple hours and drinking free.

The cash you brought to the casino gets mixed in with all of the other $100's from all of the other high rollers at the table you were playing. This then gets mixed with all of the other cash the casino brought in that weekend. Some of that cash stays in the casino for operations, and some gets brought to banks. If the bills have serial numbers flagged or are otherwise marked in a way that the banks will catch, it will be VERY difficult, if not impossible, to trace a specific bill back to a single player.

I don't know for sure, but I doubt that the casinos are recording the serial numbers of every bill that crosses their tables before it gets mixed together with the rest of the cash. This would be the only possible way they could catch you. To make it even more difficult, you would be mixing some "clean" money with the "found" money when you cash in so that it's not as easy as looking for 50 100's if the bank does eventually find the marked bills. They can go looking for someone who cashed in for $4k, but you brought $5k. So now they'd have to look for everyone who cashed in at least $4k over the entire weekend. Good fricking luck with that. And that's assuming they deposit all of your dirty money on Monday morning and the bank finds it.

ETA: I'll also amend my original plan a bit. The dirty cash will never come to my home. Instead, it gets put into safe deposit box(es) after being checked for gps or whatever tracking devices. The clean cash comes home after casino trips, and that gets put into my gun safe.

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Everything you said is true, but again what is the point as you can't launder that, even if you clean all of the bills. It's still not legit where you can just deposit it.

You would have to start a business that would mainly deal in cash to clean it or you have to launder it through Crypto currency. Bottom line is whatever you launder, must pay taxes to deposit in the bank and be clear later. Only way around that is using offshore accounts etc.

Even keeping it in crypto and transferring to any type of account that can issue a debit card like coinbase is going to get reported and you will have to pay taxes.

Laundering money isn't hard in a situation like this. You take 20k to live daily off of. You go buy a lawn mower and weed eater. You get a couple clients(again not hard to do) and you report high rates and double the clients. This is after you have cleaned the money through Crypto.

There are other ways but this is easiest without leaving the country.

Or if you have a decent job, you live off the cash and save your legit money. You form an LLC for something that would be cash and you deposit an extra thousand or so a week.

But if you feel like the money is marked or has been recorded in any way(already been explained how you can check) well than you do cash for bitcoins to clean the money.

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Everything you said is true, but again what is the point as you can't launder that, even if you clean all of the bills. It's still not legit where you can just deposit it.

You would have to start a business that would mainly deal in cash to clean it or you have to launder it through Crypto currency. Bottom line is whatever you launder, must pay taxes to deposit in the bank and be clear later. Only way around that is using offshore accounts etc.

Even keeping it in crypto and transferring to any type of account that can issue a debit card like coinbase is going to get reported and you will have to pay taxes.

Laundering money isn't hard in a situation like this. You take 20k to live daily off of. You go buy a lawn mower and weed eater. You get a couple clients(again not hard to do) and you report high rates and double the clients. This is after you have cleaned the money through Crypto.

There are other ways but this is easiest without leaving the country.

Or if you have a decent job, you live off the cash and save your legit money. You form an LLC for something that would be cash and you deposit an extra thousand or so a week.

But if you feel like the money is marked or has been recorded in any way(already been explained how you can check) well than you do cash for bitcoins to clean the money.

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So much for starting an "ethics" thread.

No one who claimed they'd keep the money will ever find a million dollars like that to keep.

I feel great and you’ve gotta think of a little boy’s a-hole to finish in your whale of a wife during missionary with the lights off.

Again, virtue signal to someone who cares. Hedonism or bust over here, playa.

A few years ago, I walked up to an ATM at a gas station and $40 was sitting there in the output slot. I think about it for about a minute while I wait for the person who I assume is coming right back to do so. Finally, I withdraw my money, and turned the found money into the cashier and she looks surprised and says “oh yeah, I know whose that is”.

She was keeping it. I knew she was. I’m positive I did the right think though.






I would’ve kept a million dollars. No question.

If you find millions of dollars in cash you don’t touch it and keep walking. Taking that is how you end up dead in a ditch

People with good intentions don’t just have millions in cash lying around

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in La. if you turn in an item to the sheriff and it is not claimed within a certain amount of time, you can get it back, correct?

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He is an Eagle Scout.

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So he’s a nerd

Your son sounds like a bitch

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People with good intentions don’t just have millions in cash lying around

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Speak for yourself

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$100 bill he found at K-mart. Turned it in to the costumer service desk. We did the right thing.

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I can assure you that 9 times out of 10 the person at the service desk, or wherever else you may turn it in, keeps the money. They put no effort into finding out who it may belong to, especially with small amounts of money.
20s,50s,100s found in parking lots with no way of tracking who lost it means if you do turn it in, it will just be kept by whoever you hand it over to.

I've taken to doing something for someone else with money I find. Last summer I found a $20 bill in Lowe's parking lot. I would eat breakfast once a week at Waffle House with a friend of mine. That week I tipped our regular waitress the $20 I found.