Some of you may remember the case of a small business man (restaurant owner, I think) who was told by his insurance agent that if he was robbed, the insurance would only pay $10,000. Consequently, the owner dutifully deposited his receipts whenever they came close to $10,000.
And, guess what, the cops decided that he was money laundering and seized all his assets. I don’t recall finding out whatever happened to him, but it was posted here on FR. Maybe someone here remembers more about the case than I do.
There are so many opportunities.
Heading to an auction of vintage cars with cash for purchase?
You could be screwed.