If these were an attempt to launder drug money then great, anything to screw those people is fine!
However, do the authorities have proof that it represents drug money? If you get stopped by the police or TSA carrying, say, $50,000 in cash, they automatically assume that it is drug money and seize it. I know coin dealers who carry large amounts of cash to coin shows to make purchases with. It's not drug money. Do the authorities care?
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Past asset seizures of cash indicate they do not care, they just want the money. Guilty until proven innocent.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
it is suspicious to fly to may places, especially in the Caribbean, before heading to a final location. Drug couriers do this. I'm not sure why they think this works. It just raises suspicions now that the move is known.
admittedly, it does not prove anything illegal is happening.
I used to carry large amounts of cash in a money belt.... always worked...now, with screening at the airport, I have to use a different method at that point...the belt is still good other times. Cheers, RickO
How much cash could you get in a money belt? I wouldn't think it would be all that much.
@ricko said:
I used to carry large amounts of cash in a money belt.... always worked...now, with screening at the airport, I have to use a different method at that point...the belt is still good other times. Cheers, RickO
@GRANDAM....My last trip through the airport some years ago...before the x-ray etc... I carried $13500 in the money belt...I was moving from Seattle to NYS....I also shipped in my moving belongings, another mega$$$ cash,,,,,Cheers, RickO
@ShadyDave.... Definitely I have much better trigger discipline....and a much different money belt...@GRANDAM...No, not too thick... $100 bills...Comfortable and non obtrusive. Cheers, RickO
Comments
If these were an attempt to launder drug money then great, anything to screw those people is fine!
However, do the authorities have proof that it represents drug money? If you get stopped by the police or TSA carrying, say, $50,000 in cash, they automatically assume that it is drug money and seize it. I know coin dealers who carry large amounts of cash to coin shows to make purchases with. It's not drug money. Do the authorities care?
Do the authorities care?
Past asset seizures of cash indicate they do not care, they just want the money. Guilty until proven innocent.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And many times even when you can prove innocence... it is still a battle to get assets back.
In this gold case, I hope there is some solid evidence that there is criminal activity, instead of just the presence of gold bars....
it is suspicious to fly to may places, especially in the Caribbean, before heading to a final location. Drug couriers do this. I'm not sure why they think this works. It just raises suspicions now that the move is known.
admittedly, it does not prove anything illegal is happening.
I used to carry large amounts of cash in a money belt.... always worked...now, with screening at the airport, I have to use a different method at that point...the belt is still good other times. Cheers, RickO
How much cash could you get in a money belt? I wouldn't think it would be all that much.
@GRANDAM....My last trip through the airport some years ago...before the x-ray etc... I carried $13500 in the money belt...I was moving from Seattle to NYS....I also shipped in my moving belongings, another mega$$$ cash,,,,,Cheers, RickO
WOW! I would have never thought it would hold that much. It must have been thicker than a normal belt.
@ricko back in the day
Let’s be honest though, ricko would definitely have better trigger discipline....
@ShadyDave.... Definitely I have much better trigger discipline....and a much different money belt...@GRANDAM...No, not too thick... $100 bills...Comfortable and non obtrusive. Cheers, RickO