DEA steals man's savings

[PeoplesElbow]

I doubt that you would find a reputable bank that would even broach the topic with you. Do you have specific experience where a bank has done such a thing?

I think if a bank asked this it might be a good idea to find a new bank.

 

[glhs837]

I doubt that you would find a reputable bank that would even broach the topic with you. Do you have specific experience where a bank has done such a thing?

Nope, just trusting in human nature.

 

[Ken King]

I think if a bank asked this it might be a good idea to find a new bank.

No kidding!

 

[PsyOps]

So you see nothing suspicious about this story and nothing suspicious about the young man?

None of the more inflammatory accusations are confirmed...the reporter played the race card and offered zero support...no train employees were interviewed...not a single witness was produced.

The young man in question...traveling with $16,000 in cash because . Bull. He is traveling to a new place of residence and he takes all his money with him in cash?? Malarkey.

So it is the author's assertion, your assertion and Mr. River's assertion that there are no branches of any national money center banks near his hometown of Romulus MI? No Bank of America? No Citgroup? No Wells Fargo? No PNC? No Suntrust? (You know, banks that have branches across the country?)

It is also the assertion that Mr. Rivers, could not go to his new hometown and open a new bank account with a check from his old bank account? Really?

In 2015, you believe that?

I know T0J0 made her post and ran off with her tail between her legs, so for those that are still entertaining this...

This is what despotism looks like.

 

[Hijinx]

What is really sad is that TOJO is willing to call this man a liar.
A man who as far as we know is telling the truth.
What difference does it make if he chose to take cash instead of a Cashiers. Does the fact he chose to take cash make him guilty of anything other than bad Judgement?

Now while TOJO calls this man a liar and convicts him with no evidence, she will defend a Trayvon or Freddie Gray to the max.

 

[direxpgw]

The federal govt is so far out of control nowadays it would only be prudent to carry a decent amount of your net worth in cash anyways. Your money gets very little interest in the bank and to some people that small gain is outweighed by the govt knowing exactly what you have. There are a multitude of reasons someone would want cash that are legitimate. Big govt has given the citizens of this country such a bad taste with their actions, there is no wonder people don't trust. Govt finds it appalling that people want to hoard cash. I know a lot of people who don't even want to hoard cash because of the uncertain dollar and instead hoard physical goods. So what's next? Confiscate their gold, food or ammo because it could be suspect tied to drugs. Outrageous

 

[GURPS]

Govt finds it appalling that people want to hoard cash. I know a lot of people who don't even want to hoard cash because of the uncertain dollar and instead hoard physical goods. So what's next? Confiscate their gold, food or ammo because it could be suspect tied to drugs. Outrageous

wait until the next disaster, bureaucrats with police, will be around to collect your carefully stored food and water - you were prepping ....

- to them you are hording ..... you will be sent to a FEMA Camp for reeducation, for your crimes and redistribute your stock to themselves

 

[Pushrod]

The federal govt is so far out of control nowadays it would only be prudent to carry a decent amount of your net worth in cash anyways. Your money gets very little interest in the bank and to some people that small gain is outweighed by the govt knowing exactly what you have. There are a multitude of reasons someone would want cash that are legitimate. Big govt has given the citizens of this country such a bad taste with their actions, there is no wonder people don't trust. Govt finds it appalling that people want to hoard cash. I know a lot of people who don't even want to hoard cash because of the uncertain dollar and instead hoard physical goods. So what's next? Confiscate their gold, food or ammo because it could be suspect tied to drugs. Outrageous

Unfortunately with inflation running (reported) 2% and in reality probably closer to 6% keeping your money in a savings account or as cash is a loosing proposition as that money becomes worth less each year.

 

[migtig]

I think people have to obtain a waiver now for cash transactions larger than 10k usd. If I remember correctly, which is not always, but somewhere between often and occasionally, we are not allowed to keep ten thousand dollars or more on our person, or in our place of residence, for more than a particular amount amount of time, and you are supposed to obtain a waiver or something paper-work related, showing that this money is legitimately your money, and you are holding it for a purpose deemed acceptable.

im not sure i remember correctly. I know i have heard, you have to have a good reason for using cash, instead of a bank, for large transactions, but I'm fuzzy on details. Sounds like they are slowly herding us toward a cashless, bank dependent society, where anonymously purchading slim jims ad a pack of cigarettes will sound suspicious to the self subverting herds.

I recently wanted to make a rather large cash purchase and was told I had to use my credit card for a deposit and bring back a cashier's check.

 

[Gilligan]

A few years ago, I sold a hovercraft to some Canadians for 18k and accepted payment in Canadian dollars. My bank here in sothern merlin would not convert the entire amount in one transaction....they insisted they had to complete the conversion in two transactions spaced about a week apart.

 

[glhs837]

A few years ago, I sold a hovercraft to some Canadians for 18k and accepted payment in Canadian dollars. My bank here in sothern merlin would not convert the entire amount in one transaction....they insisted they had to complete the conversion in two transactions spaced about a week apart.

According to folks here, you should have run away, and called the nearest FDIC SWAT team (you know they probably have a few)

 

[b23hqb]

The Post Office, for years, has had a limit for money orders of a max of $1000.00, with no more than 10 per day for a max amount of $10,000.00 per day. I know people that deal in cash transactions larger than that, and make nine transactions for a grand, and the last for $999.00, just to hopefully avoid scrutiny and paper work from the feds. They have been doing this for years, and so far as I know, they are still on the up and up with govt and IRS.