You have to report over $10k in cash, so either you’re taking a ton of vacations or risking it getting confiscated and then trying to explain it.
Would you turn it in?
- Thread starter cstrunk
- Start date
No different than finding a wallet full of cash on the ground and thinking it’s yours to keep. You don’t just lose ownership of something because you dropped it.
An article written about found money for anyone who is interested, along with some interesting survey results. Who would have guessed people from Jacksonville would be the most likely to turn found money in to the police?
How honest are you? Residents in 2 Florida cities top in US for turning in found cash
Jacksonville was No. 1 in the US, with 62 percent of those surveyed saying they would turn in $1,000 if they found it.
www.jacksonville.com
I'd put it in my daughter's suitcase. She looks innocent enough.
Involving any banks, let alone multiple banks with structured deposits sounds like the absolute worst idea.
Now this seems like the best advice so far, use unwitting minors because they can’t do serious time. If they get stopped at customs you just leave them and start making a new one.
So you consider people who wouldn't just take a bag full of millions of dollars uppity? Would you consider someone who walks by a sports car with the keys in the ignition and decides not to steal it uppity as well? Legally taking either one is the same thing.
I've found money outside a restaurant that I was about to eat at. I picked it up, went inside and told the waitress I found some money and if anyone in the restaurant could tell me how much it was, they could have it. No one did, so I kept it, having no way to find the owner. I'm just too honest to keep something like that.
The million dollars, I would be tempted to keep it, but in the end, I would turn it over to police. My understanding is if no one claims it within a certain number of days, they give it back to you.
Exactly. And, if it's in $100 bills it's only 22lbs. She can lug that around without too much trouble. Her school backpack has to be close to that. I've pretty much thought of everything.
I opened a check in the mail for $290,000 a couple years ago. The guy who used to own my very modest home apparently owned property all over southern California, tons of apartment buildings. His sole heir seemed to not even care about sale of the home or getting any of what to me seems like massively important mail. For years I tried to get it forwarded somewhere, then I gave up and started just recycling it. The 290K was just the one time I happen to accidentally open a letter to him, who knows what else I've been sent or what else I've shredded up in recycling.
I was at the local hospital the other day and saw his name on new children's hospital facilities. I'm sure the guy could have lived in some kind of massive estate if he wanted to.
I was at the local hospital the other day and saw his name on new children's hospital facilities. I'm sure the guy could have lived in some kind of massive estate if he wanted to.
Plenty of ways for this to go wrong, and you want to be looking over your shoulder for the rest of your life?
This happened to me. I was wearing shorts, missed my pocket, wallet fell on the ground at the register, someone picked it up and left. We watched the security camera after. I didn't lose much. Because of this dude at Kum & Go, if I find a million on the side of the road with no one around, I'm keeping it.
I recently found a wallet in a booth at a McDonald's outside of Las Vegas. It was fat with bills but I didn't open it. I took it to the counter and made sure that several people saw it and heard me tell them I found it then handed it over to them. I just wouldn't feel right walking out with it.
Not fair. If I am uncomfortable with the situation that's MY choice. I'm not shaming anyone for deciding differently.
There are plenty of ways this can go right as well. I think it is different whether this is from a bank vs from an individual. At lest a different list of pitfalls to work through.
Eh, I’ve got a nice career and family, no need to risk that.
I absolutely believe that, but how is that done? Does any/all money that goes into/out of a bank get scanned for any outstanding searches? That seems unlikely, but about the only feasible tracing method I could see being real. And if that's the case, they would have to contact the person who deposited the bill - then that person would have to identify when/where/who they got the bill from, etc.
Most stores delete any security footage after a certain timeframe, so if it was used at a business their tracing would have to be pretty efficient. If you use it for personal transactions/tips/etc, there'd be even less chance of tracking down who spent it. This seems like more of a movie problem than real life (assuming people are smart enough to just not deposit it into a bank account).
