No lie. Could happen to anybody.
I don't like this at all.
The whole point in the establishment of the United States of American and its government was to protect the life, health, property and liberty of the American citizenry - not to take it...
Ephesians 2 : 8-9
Charles Barkley: Nobody doesn't like meat.
Looks like Alabama doesn't agree with it.
Hopefully SC will get on the band wagon, but I'm not holding my breath.
As the article suggests it was a practice used to stop drug king pins in the 80's.
As a byproduct drugs are no longer moved in that manner. So as a response the practice should be done away with.
Yup, he's crazy...
like a fox. The dude may be coming in a little too hard and crazy but 90% of everything he says is correct.
Sort of like Toof. But way smarter.
~Scatter Shot
Like walking out of the bank with $5,000 in cash of your money. It opens all kind of shit that the government can do to you without a warrant. "Patriot" Act
Here in SC, this is nothing more than rednecks with badges stealing shit that doesn't belong to them to pay for cheap dodge police cars and tacticool gear for their paramilitary approach to dealing with American citizens.
Its absolutely brilliant...until it happens to you.
I've read numerous stories about bank tellers calling the police when a customer withdraws a large amount of cash from their account, only to be stopped up the road and the money confiscated. I have no idea if all of these stories are true, but I have no doubt that sooner or later this is going to happen to someone who decides to fight it and an officer may end up dead... needlessly. I'm surprised it hasn't happened already.
Hopefully somewhere, some day, there will be a few intelligent politicians who will force this to change, as AL and three other States are doing right now.
As Rand Paul has noted, THIS is the key issue.Police are empowered to take cash and other assets based on probable cause that it is in some way connected to criminal activity -- even if the person is not charged with a crime.
Back around 2000 when Anderson Cty had that "really crazy, narcissistic" Sheriff, and I had just purchased a new Land Cruiser, a former SLED agent personally cautioned me to be careful as he had little doubt that given the chance our Sheriff would try to confiscate my new vehicle. Fortunately that never happened.
Last edited by WoodieSC; 01-30-2018 at 05:54 PM.
.
Foothills Golden Retriever Rescue
.
"Keep your powder dry, Boys!" ~ George Washington
"If I understood everything I said I'd be a genius." ~ 'Unknown'
.
Foothills Golden Retriever Rescue
.
"Keep your powder dry, Boys!" ~ George Washington
"If I understood everything I said I'd be a genius." ~ 'Unknown'
Banks are required by law to report cash transactions over a certain amount. They are also told to watch for suspicious activity such as repeated transactions that are just below the required reporting amount. If my memory serves me correctly, the amount was $10,000.
Last edited by fuzzy; 01-30-2018 at 06:04 PM.
The strongest reason for the people to retain the right to keep and bear arms is,
as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
All of this needs to end including the so-called Patriot act. GW Bush was as bad as Clinton,
Yes, fuzzy, the 'official' limit is $10K, be it cash, an EFT or wire transfer, etc. However, if memory serves me correctly, many banks actually report amounts as low as $5K.
I understand the reason for the reporting, in the 'old days', but I question how much actual cash is still involved in the drug trade in this electronic world. This is just another means to keep us under control.
.
Foothills Golden Retriever Rescue
.
"Keep your powder dry, Boys!" ~ George Washington
"If I understood everything I said I'd be a genius." ~ 'Unknown'
I call bull I’ve taken 10K out my bank more than once and never had a problem
I don't disagree. Reporting $5k is BS, unless it is suspicious. A gas station depositing $10k several times a week is not suspicious to me, depending on where they are located. A grocery store making several large deposits in excess of $10k around the first of the month isn't suspicious to me either, but Joe blow making deposits of $4k at 3 different branches of a bank in the same day is suspicious.
There again, I think all of it is BS. But, I also understand the purpose of it. And, it has absolutely been abused.
The strongest reason for the people to retain the right to keep and bear arms is,
as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
The strongest reason for the people to retain the right to keep and bear arms is,
as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
The strongest reason for the people to retain the right to keep and bear arms is,
as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
$10,001 gets a note sent to the Feds. $10,000 you go about your merry way and nobody worries about your bidness
cut\'em
You were flagged. Doesn't mean anything will happen.
The law was originally to get people depositing money not taking out.
The movies where the drug dealer walks in with punching bag full of cash.
As pointed out for the big big transactions I would think bitcoin is the preferred method of payment.
Yup, he's crazy...
like a fox. The dude may be coming in a little too hard and crazy but 90% of everything he says is correct.
Sort of like Toof. But way smarter.
~Scatter Shot
Mudnut, you were flagged and can have things "tapped". because of the Patriot Act. You don't have to be notified.
I don't give a damn how much cash a person puts in or out of the bank that is there business. Eventually, if they are caught doing something illegal there will be consequences.
All of this is similar to the the 10% "penalty" for taking money out of your 401K. Sure time value of money thing, but it is YOUR money. I get paying the taxes, but why the penalty? The People stand idly by and let it happen.
Bookmarks