Mensan Posted December 22, 2007 Report Share Posted December 22, 2007 I would rethink that! Not that I don't use banks, I just understand how they work and why they are around. Don't ever think you money is safe in a bank. The FDIC is a joke. They only have a few cents per dollar of deposits on hand. Wow, I am in agreement with Rick. If your money is stored in a safe you probably aren't very smart anyway. I wish more information (or correct information) was available. I also do not trust police or the FBI in cases such as this where they find cash. Fake Edit: The last time I opened a checking account, I was told that if I made a cash withdrawal of over $5000, then my account would be flagged by the government and I would have to account for it. Awesome. Quote Link to comment Share on other sites More sharing options...
LJ Posted December 22, 2007 Report Share Posted December 22, 2007 Wow, I am in agreement with Rick. If your money is stored in a safe you probably aren't very smart anyway. I wish more information (or correct information) was available. I also do not trust police or the FBI in cases such as this where they find cash. Fake Edit: The last time I opened a checking account, I was told that if I made a cash withdrawal of over $5000, then my account would be flagged by the government and I would have to account for it. Awesome. That was your bank telling you that so that you would not argue with them. The bank will flag you, not the gov't. Quote Link to comment Share on other sites More sharing options...
Dr. Apex Posted December 22, 2007 Report Share Posted December 22, 2007 The FBI is using the possession of marijuana(I'd like to think it was a very small amount, but who knows) as an excuse to take his money and they have no right to. They aren't the IRS, they should have no say in something like this saying he has to prove it he earned it, he could of easily been saving that up for 40 years for all we know. We all know there are old timers out there like him sitting on hordes of cash. This guy is being ripped off, plain and simple. Quote Link to comment Share on other sites More sharing options...
NTHER91 Posted December 22, 2007 Report Share Posted December 22, 2007 Look at the big picture. The laws have been created in such a way as to discourage not using banks. The government has a long history of "back door" forcing the public to use banks. Think of it like this, if you don't use the banking system the government has less ability to track you. They also want your money in banks so it can be used for the purpose of fractional reserve money. The bankers can loan out $10 per $1 in deposits. This guy is holding up a huge some of potential "asset" loans out of the bankers hands. This is mostly about the banking industry (federal reserve) legally mandating that you use the "system", or lose your money. just like when the country started they got a loan from the bank of england. this country was started on credit Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted December 22, 2007 Report Share Posted December 22, 2007 He had dope, therefore they're presuming he made that $$$ pedaling the dope. I agree with the BS part, I keep a small sum of $$ and other various items in my gun safe in case I need to get the fuck out of dodge. Quote Link to comment Share on other sites More sharing options...
Mensan Posted December 22, 2007 Report Share Posted December 22, 2007 That was your bank telling you that so that you would not argue with them. The bank will flag you, not the gov't. If you were right, I would agree. Please reference the Bank Secrecy Act, and also the Patriot Act. Quote Link to comment Share on other sites More sharing options...
HAOLE Posted December 22, 2007 Report Share Posted December 22, 2007 just like when the country started they got a loan from the bank of england. this country was started on credit Credit is not a bad thing until it is abused and our country has abused this severely since 1913. Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted December 23, 2007 Report Share Posted December 23, 2007 We do too, but I don't keep anywhere near $400k. $400k isn't just dumb, but suspicious to just about anyone. He had dope, therefore they're presuming he made that $$$ pedaling the dope. I agree with the BS part, I keep a small sum of $$ and other various items in my gun safe in case I need to get the fuck out of dodge. Quote Link to comment Share on other sites More sharing options...
SinisterSS Posted December 23, 2007 Report Share Posted December 23, 2007 what about the fact the story has the guys address for the world to see Quote Link to comment Share on other sites More sharing options...
HAOLE Posted December 23, 2007 Report Share Posted December 23, 2007 what about the fact the story has the guys address for the world to see What does it matter now... he is broke! Quote Link to comment Share on other sites More sharing options...
Total Sign Posted December 23, 2007 Report Share Posted December 23, 2007 That goes against everything this country was built on. What happened to innocent until proven guilty? But, by all means, fry him on the pot charges. Quote Link to comment Share on other sites More sharing options...
Stanello Posted February 6, 2008 Report Share Posted February 6, 2008 Anyone have an update on this? Quote Link to comment Share on other sites More sharing options...
boosted98gst Posted February 6, 2008 Report Share Posted February 6, 2008 im not a pot smoker or anything, but if it was just a small amount whats the big deal? I bet half the guys on this board smoke, just give him a fine like everyone else and give him his money back. Quote Link to comment Share on other sites More sharing options...
flippy1974 Posted February 6, 2008 Report Share Posted February 6, 2008 thats bull he just had a little to have fun with ,just because he had it at the house they can take it ?so if he had it at the back its okay bull give the guy his money back.if you make a purchase over 10,000 the feds get notifided if its cash. Quote Link to comment Share on other sites More sharing options...
Putty Posted February 6, 2008 Report Share Posted February 6, 2008 That sucks! Safes to me are dumb. Yeah they protect, but it's obvious something valuable is in it. Place in the shoe box and put in closet with all other shoe boxes...../story Quote Link to comment Share on other sites More sharing options...
ImUrOBGYN Posted February 6, 2008 Report Share Posted February 6, 2008 I'm not saying the I'm a professional banker or anything, therefore, possibly lacking all the facts, but I've got go with Rick on this one. Rick, you may want to check to be sure that doesn't automatically constitute a visit to hell for you. If it does, I'll go on the record as disagreeing with you for your sake, buddy. I've always been a bit leary when it come to banks. Something I guess I picked up growing up in the time I did. I still remember the issues we had when I was a child concerning BoA, etc. - government bailing them out, etc. and learning just what the bank does and weighing the options concerning using a bank. Guess I like to keep my money in my own pocket, so to speak. Again, Rick has a point in that you are almost forced to use the bank. Even in this day and age, I've gone for years without the use of a bank. At all. It is not always easy, but there are quite a few things that make up for it. I currently am not using a bank, now either. Thanks to Chases fuck up having used my SS# for someone else, I have alot of work now to clear my shit up so I can even be me again and have an account, etc. Long story. Quote Link to comment Share on other sites More sharing options...
87GT Posted February 6, 2008 Report Share Posted February 6, 2008 OMGZ he had pot so he's obviously a drug dealer. Lets take all of his money because of this. Do you understand how silly this is? A few people in my family sit on money. They don't trust banks because they were alive during the depression. Regardless how the money was obtained if you have NO PROOF it was made illegally then isn't that stealing? Oh yeah the FBI can do whatever they want. I hope they don't add me to their watch list because of the last sentence. ^_^ Quote Link to comment Share on other sites More sharing options...
Lustalbert Posted February 7, 2008 Report Share Posted February 7, 2008 We are watching you. Quote Link to comment Share on other sites More sharing options...
87GT Posted February 7, 2008 Report Share Posted February 7, 2008 We are watching you. How does the pimple on my ass look to you? Sexy? Quote Link to comment Share on other sites More sharing options...
GSXRAntwon Posted February 7, 2008 Report Share Posted February 7, 2008 That blows donkey balls....400k is a shit to n of money to not get back b/c of some cheese head robber. Quote Link to comment Share on other sites More sharing options...
Science Abuse Posted February 7, 2008 Report Share Posted February 7, 2008 If I were a judge, I'd simply ask to see the money, the bills themselves. If he's been savign for 50 years, then he'll have some 50 year old bills in there. Most bills are taken out of circulation after a decade or two, he should have a bunch of old assed moeny. Never in a million years would I have thought that there was $400k worth of anything in that neighborhood. Quote Link to comment Share on other sites More sharing options...
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