Would you turn it in?

[ClubCy]

You are paying the tab after every visit, using the prepaid card to open the tab, and then pay with cash when you are finished for the night. Remember you are not trying to move large amounts of money all at once. Small amounts done over say 5 to 10 years, few if anyone would be caught.
Prepaid Visa gift cards have no record off who purchased them, so there would be nothing to trace, much like Casey's cards, you fill out no forms, just give them the cash and they program it to the cards.

You either have watched a lot of movies/tv or………..

 

[dafarmer]

You are paying the tab after every visit, using the prepaid card to open the tab, and then pay with cash when you are finished for the night. Remember you are not trying to move large amounts of money all at once. Small amounts done over say 5 to 10 years, few if anyone would be caught.
Prepaid Visa gift cards have no record off who purchased them, so there would be nothing to trace, much like Casey's cards, you fill out no forms, just give them the cash and they program it to the cards.

Me thinks you are too knowledgable on this subject!

 

[SEIOWA CLONE]

You either have watched a lot of movies/tv or………..

Just know a few people and relatives that live the lifestyle. Basically, totally cash for everything, only CC they have are the prepaid variety.

 

[SEIOWA CLONE]

Me thinks you are too knowledgable on this subject!

If I was I would not have paid four grand in taxes this month.

 

[BCClone]

You are paying the tab after every visit, using the prepaid card to open the tab, and then pay with cash when you are finished for the night. Remember you are not trying to move large amounts of money all at once. Small amounts done over say 5 to 10 years, few if anyone would be caught.
Prepaid Visa gift cards have no record of who purchased them, so there would be nothing to trace, much like Casey's cards, you fill out no forms, just give them the cash and they program it to the cards.

Makes more sense.

Now I’m more concerned that you seem to have this extremely well thought out. .

 

[SEIOWA CLONE]

Makes more sense.

Now I’m more concerned that you seem to have this extremely well thought out. .

Most of what I am saying is common sense, and using the system to get the money in a place that you can use it. I wish I could test what I am saying by finding a million dollars, but unfortunately for me that has not occurred. Both my wife and I have the misfortune of having our salaries posted in the paper every year, its public knowledge what both of us made while working. A teacher that purchases a $100,000 vehicle is going to get noticed, but no one is going to care if we would just pay cash for everything.
Ask most farmers and businesses and they are doing it now, writing off everything possible to show they have little or no income, while in reality they are making a killing.

 

[BCClone]

Most of what I am saying is common sense, and using the system to get the money in a place that you can use it. I wish I could test what I am saying by finding a million dollars, but unfortunately for me that has not occurred. Both my wife and I have the misfortune of having our salaries posted in the paper every year, its public knowledge what both of us made while working. A teacher that purchases a $100,000 vehicle is going to get noticed, but no one is going to care if we would just pay cash for everything.
Ask most farmers and businesses and they are doing it now, writing off everything possible to show they have little or no income, while in reality they are making a killing.

I will give you a couple additional pointers. Never deposit 3k plus cash in the bank, those get logged and occasionally checked. Many banks log 1k deposits of cash also due to the 3 day rule.

 

[SEIOWA CLONE]

I will give you a couple additional pointers. Never deposit 3k plus cash in the bank, those get logged and occasionally checked. Many banks log 1k deposits of cash also due to the 3 day rule.

But that is for an individual, not a fake business that you have set up to laundry the cash through the bank. In my made up mowing business it would be very easy to run $500 to $800 a week during the summer through the bank. Get a routine where I deposit the money every Saturday or Monday morning, nothing out of place about it.
Like I have said before, I am never depositing over that amount in a week, and you vary the amount each week. You are not trying to get all the million into the bank, just enough that would allow you to say purchase a new vehicle and have them take the payment out of that account.

You seem to know banking rules, does a bank know how much cash each depositor has in their account, or only those they are wondering about? Hell, purchase a safety deposit box and store most of it at the bank, its illegal for a bank to randomly open boxes, would need a court order, and they are not present when you put items in the box.
The key is looking just a like another small business that you have set up on the side to make extra money.

 

[BCClone]

But that is for an individual, not a fake business that you have set up to laundry the cash through the bank. In my made up mowing business it would be very easy to run $500 to $800 a week during the summer through the bank. Get a routine where I deposit the money every Saturday or Monday morning, nothing out of place about it.
Like I have said before, I am never depositing over that amount in a week, and you vary the amount each week. You are not trying to get all the million into the bank, just enough that would allow you to say purchase a new vehicle and have them take the payment out of that account.

You seem to know banking rules, does a bank know how much cash each depositor has in their account, or only those they are wondering about? Hell, purchase a safety deposit box and store most of it at the bank, its illegal for a bank to randomly open boxes, would need a court order, and they are not present when you put items in the box.
The key is looking just a like another small business that you have set up on the side to make extra money.

Yeah, they have have reports that tell them about certain flags. Different things get looked at at different times. Cash deposits don’t matter if it’s an individual or business. Reports get filed for 10k in cash deposits over 3 days, they get reported if 10k in one day immediately.

 

[Yellow Snow]

Just hit up random casinos a couple times a month. Get a grand in chips, gamble a bit, win/lose/draw, doesn't matter.

Just cash out the chips and leave.

 

[NWICY]

Follow up question - how much money before you think you need to turn it in? Obviously everyone here will keep the dollar they found on the ground. What's the breaking point? Is it 1,000? 5k? 50k?

If it is in a lost/dropped billfold/purse anything with a ID. I'm turning it in. Karma and all that.

 

[NWICY]

Had a hand full of responsible jobs working with other peoples money for more than 30 years. Doesn’t matter to me whether it is one penny or one million. My conscience would not let me take or keep money that was someone else’s.

Don‘t understand the argument small amount vs. large amount.

True story. Norwest Bank used to own several banks with several million dollars of deposits and was headquartered in Minneapolis Mn. Very stringent about compliance and guarding for theft etc. In the early days of computers the bank examiners found an employee that had stolen a huge sum. Their internal auditors were astounded that they missed someone embezzling such a large amount.

The method the thief devised was that every time interest was figured on an account the bank always rounded the payout down to the whole penny. The thief simply had all interest that was not a whole penny paid to his account. When this is done over virtually all accounts of several million dollars for a period of time it becomes a tidy sum indeed.

He/she was just squaring the account Norwest was screwing the customer and instead if the bank getting it they were. It was slick till they got caught