Posted on 10/29/2005 7:06:08 AM PDT by Excuse_My_Bellicosity
That's part of the problem, I think. You can't take more than $10,000 in or out without declaring it, but how do you declare that you have it going out?
You've given me homework. I will find out and report back (if I remember by the time I get to work Monday.)
:-)
Yeah, thanks for adding that.
As of 18 months ago (the last time I traveled overseas) US citizens had to declare anything over $10K in cash that they were carrying.
Given today's focus on terrorism,the drug trade and money laundering that law will never be weakened and is likely to be strengthened.
You can take it, but you have to file a form with US Treasury that you are doing it.
And undeclared at that!
I don't even put in a little souvenier in my checked bags. I'm gonna put CASH in there? Much less 80k? Wow...what a dufus.
It seems weird to me for a guy to be carrying that much cash what with cashier's checks and wire transfers being what they are, but I understand that Pakistan doesn't have all of the bank branches and technology that we have here in the states.
The Libertarian in me may be showing a bit here but....why is that curious? Why should doing that be considered a criminal act? If the guy owns the cash it's nobody's business how he chooses to transport it.
Pakistan has banks.They have cell phones...the Internet...TVs,etc.Although Pakistan isn't a rich country,it's not Bangladesh,either.
IMO,terrorism and drug money (Golden Crescent) are the two most likely explanations for this case.
The owner should be charged with a crime as well - the law requires that you declare any amount greater than $10,000
I wonder if it had been declared.
You might have a point there.But given that there are far safer ways (that are more "transparent" as well) to do it and that what he did strongly fits the profile of a Bin Laden operative or a drug runner,isn't it reasonable to be *very* suspicious of this?
The screener could have just said he thought it was drug money, and he's seizing it. It's a good enough excuse for cops, anyway.
Well, the guy had to be charged because he stole the money before the government had a chance to steal it. The feds don't like "freelancers" nicking their booty.
A real gambler.
It seems weird to me for a guy to be carrying that much cash what with cashier's checks and wire transfers being what they are, but I understand that Pakistan doesn't have all of the bank branches and technology that we have here in the states
xxxxxxxxxxx
That is the point, its weird to you.
I have carried 60k in cash and millions in checks when I worked for a major corporation.
It not illegal for a man to take this money with him crossing borders?
At one time there were limits on how much cash you could take out of the country. It may have changed in the last few years.
xxxxxxxxxxxxx
You are confused. There is no limit when taking your money out of the country.
I can vouch for search acting up a bit lately..
I'd like to knew more about FRank Ulerio, the luggage worker, article says he's a resident of Queens.. is he a legal resident? gang background? does he have MS tattoos, what kind of beer he drinks,, that kind of stuff.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.