“Look honey, the bank is closed until Monday. Just put it in your purse and we’ll deposit it after you land.”
Posted on 01/16/2020 4:05:18 AM PST by rightwingintelligentsia
SOUTH FAYETTE TOWNSHIP, Pa. — A local man’s life savings of more than $82,000 was seized at Pittsburgh International Airport in August, and now he and his daughter are suing, Channel 11’s news exchange partners at TribLIVE reported.
Rebecca Brown, 54, of Lowell, Mass., told TribLIVE her 79-year-old retired father, Terry Rolin, of South Fayette Township, asked her to help manage the cash he and his late parents had hidden in hiding spots throughout the family home.
“It was late Saturday night after the banks closed when he gave me the money, and I had an early (Monday) morning flight home. So, I didn’t get a chance to get to a bank in Pittsburgh,” Brown told TribLIVE. “I was concerned about traveling with cash, so I checked online and found out it was legal to travel domestically with cash.
Brown told TribLIVE she was carrying the cash in a small, zippered bag inside a satchel when she was questioned about it by a Transportation Security Agency agent at a security checkpoint. After getting to the gate, she said she was approached by a state trooper and a U.S. Drug Enforcement Agency agent.
(Excerpt) Read more at wpxi.com ...
The bank dropped the ball on that one.
It’s up to them to find out if there’s a reasonable explanation of why they were doing that and not report it to the feds right away.
I know someone who has done anti-money laundering at a well known bank and that is SUPPOSED to be their procedure.
“Look honey, the bank is closed until Monday. Just put it in your purse and we’ll deposit it after you land.”
It makes my blood boil.
We recently built a house. We had saved up nearly $100K to put down on it. Hard to believe the amount of hassle we went through merely because we had some cash. The bank simply would not take “we saved it” for an answer. We eventually got it done without getting law enforcement involved.
It makes my blood boil.
But I’m a Christian and that is not an option. And that is where they get some of their power. Truth be told, the real story is that we do not live in a norman rockwell painting. The US may be better than the old Soviet Union and Nazi Germany, but not as much better as some would have you believe. They are, like most other countries, just less overt about their misdeeds and control of the people. No need to put people in Gulags. Just take their stuff and they will continue to be tax payers. Just don’t take too much. It’s a fine line they walk.
You are spot on. The difference now is, we as a nation, are waking up to what has been going on since the beginning and exposing it for all to see. They can’t hide any longer. Goodness will Prevail.. It always does.
Why are people motivated to keep cash in sizable quantities at home? Because interest rates are so low that one loses virtually nothing by avoiding the bank. And when the banks fail, not if but when, you have instant access to your money. Millions believe that the FDIC will fork over their funds in such a disaster, but very few know how long the FDIC legally has to do so.
It behooves you to find out.
Actually, it’s perfectly legal if you declare it and fill out the form
Just google “tranporting gold across the US police” or similar. The biggest fear of those trying to transport precious metals is that law enforcement takes it and never gives it back. Shocking.
Bottom line is that this is a pretty safe place to live as long as you live your life just like they other ants, and don’t find yourself at the wrong place at the wrong time. Those two things can be fatal. Separately or together. The only reason there is not a public outcry about this is that not that many people travel with large sums of cash or gold. but if they do, they are VERY vulnerable - to the police.
The first time I ever heard about this was after Hurricane Hugo. A cautionary tale about the modern highwaymen: https://erowid.org/freedom/law/forfeiture/forfeiture_media4.shtml
And if you really dig, you’ll notice that politicians have been saying they are going to do something to put an end to this ever since. Well, that was 27 years ago and here we are.
This is why I tell people to ignore what Trump says and watch what he does. Truth be told, it’s what I do with ALL politicians. Talk is cheap. Don’t just SAY you are going to move the embassy to Jerusalem. Just DO IT. Like Trump did.
This issue exposes our country for what it is. It’s not really that bad. It’s just important to know things are not that different than they’ve been in every country since the first town was created to protect the group. There is always this sort of stuff going on. It’s just important to be out there with your eyes wide open - and well armed.
It was actually 30 years ago. And the story has an interesting epilogue:
https://www.orlandosentinel.com/news/os-xpm-1994-04-08-9404080557-story.html
I cleaned out an aunt’s bedroom as I was her executor. $135,000 in $20 and $50 bills. I was shaking when I took it to a bank—a bank I used to manage. I also brought a shoebox full of US savings bonds. It took about a week to process them.
It was a fun conversation. Thankfully, the manager and I were friends.
It could have been an uncomfortable discussion.
The government is stealing the money. They should give it back to the family they took it from, but they won't unless the courts force them to.
Not if you do t want a record of the money.
There are billions of dollars sitting under beds in the country.
Same story Not sure what your looking at
Return the loot
I was glad when Rudy Giuliani clamped down on prostitution but when he made it law that the car being driven by johns was part of the criminal act and would be confiscated, that was too much.
Frankly, that kind of chit tempts me to fall on the side of legalizing prostitution.
The reports over an amount are mandatory. But, if there is a reasonable legal reason for the cash, the Secret Service is not going to give it a second glance. They look for patterns.
ANY suspicious transaction can be reported. There is no minimum. There are mandatory levels. Hitting those is so common, the SS won’t look at them unless there is some kind of pattern.
I don’t like the reporting. From the bank side it’s a pain in the neck. But the “invasion of privacy” concerns really are overblown.
As I noted in another post, the generate suspicion because it was a pattern of avoiding the limit. Had they just deposited the money it would have triggered a review that would have been dismissed in a minute. But actively trying to avoid attention will bring a ton of attention down on you.
Actually, it’s not legal. Making repeated cash deposits/withdrawals just under the $10K limit is called “structuring” and is prohibited under the Bank Secrecy Act.
It’s only illegal if you are doing it specifically to avoid the reporting requirement.
https://www.offshorelivingletter.com/structuring-cash-deposits-illegal/
It is perfectly legal to make $9,900 deposits every day for a year or decade if that is just the money you have on hand.
Wells Fargo wanted my fingerprint to cash a $20 check written to me by my kid on his Well Fargo account. I warned him about WF but kids are so much smarter than their dumb parents.
A different Wells Fargo admitted it doesn’t check signatures but wouldn’t let our 4-H club submit a new signature card after the president died. She was a prominent citizen so they knew for a fact she’d died and had gone to her funeral. But, noooo. They insisted she be dug up and brought in to sign for the change even though her name was never on anything with the account because she’d failed to update the signature cards years before. Then WF demanded I give them all my private info and sign over my mortgage to them. EXCUSE ME?!?! My house doesn’t have a mortgage but that’s none of their business, either. After an hour of their @(&%(#, I wrote a check for the total of the account (yeah, my signature on the check written in front of them) and told them I was headed to another bank with it and they could do what they wanted with the $0 balance account.
NEVER EVER use Wells Fargo.
Doesn’t everyone carry a boatload of cash on a plane?
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