To: grumpygresh
Most people don't realize that large cash transactions have to be reported to the government here as well. Back in my college days I worked in car dealership and you would sometimes get “shady” characters come in and want to buy a $20,000 car with a wad of cash, most quickly left went told about the reporting requirement. One sales manager even got fired because he tried to slip a sale through by breaking into multiple smaller increments to avoid the reporting requirement, which I understand is a really big no-no and could have opened him and dealership up to money laundering charges.
10 posted on
03/27/2013 12:03:53 PM PDT by
apillar
To: apillar
Most people don't realize that large cash transactions have to be reported to the government here as well.
It's a big step from reporting to banning.
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