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cash and flying

Old 03-31-2007, 05:02 PM
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Default cash and flying

I am selling my boat and the buyer wants me to fly up on delivery and pay me most of it in cash my question is am going to be able to fly home with that much money thanx for any feedback
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Old 03-31-2007, 05:39 PM
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Default Re: cash and flying

How much and where? In the US or out of the US? If out, what country?
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Old 03-31-2007, 05:52 PM
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Default Re: cash and flying

Can you deposit the money before you fly? Even if you can fly with that much cash, I'd be nervous anyway. What if you lose it or whatever.
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Old 03-31-2007, 05:53 PM
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if you use a popular bank, maybe a branch will be nearby.
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Old 03-31-2007, 06:29 PM
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Default Re: cash and flying

I would be cautious of the entire deal, I don't think I would fly there to get my money- let him do his fair share. Is he a scam or for real? Something to ask yourself.
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Old 03-31-2007, 06:29 PM
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Default Re: cash and flying

What flight are you going to be on and what is your seat # .

Take it to a bank and get a casher's check and mail it home .

Or turn it into travelers checks and carry them with you.

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Old 03-31-2007, 07:04 PM
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Default Re: cash and flying

approx 80 k in cash and he has already given a large deposit on it he is trying to keep from showing too much to uncle sam
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Old 03-31-2007, 07:50 PM
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80k by yourself not in your own neighborhood and you need to ask??
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Old 03-31-2007, 07:53 PM
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Hmmm - buyer hands you 80K in cash away from your home state, you hand over clean title, buyer rolls you for 80K.
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Old 03-31-2007, 08:13 PM
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My daddy use to say "you're soft as a sneaker full of shi# in high tide"
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Old 03-31-2007, 09:02 PM
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Default Re: cash and flying

what about turning it into travelers checks are they available that large or say 10 k each
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Old 03-31-2007, 09:15 PM
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Have him do it you do not want to handle that much cash
Here is a real life scenario You hand me a title I hand you 80k in cash I walk away you turn around and my accomplice pepper spray/tazer's you lose I left you saw me leave end of story
If the guy has that much cash he has bent some rules/laws why do you need to find out how far he has bent them
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Old 03-31-2007, 09:32 PM
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Meet at a bank and get a cashiers check, as suggested already, or open an account right there. DONT DONT DONT go anywhere toting that kind of cash.
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Old 03-31-2007, 09:56 PM
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Default RE: cash and flying

Has this law been repealed or does it not apply to this transaction? If it does apply, why does this buyer think the deal will provide him any privacy?

http://www.yale.edu/tax/docs/rules_def_8300.pdf



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Old 03-31-2007, 09:57 PM
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Default RE: cash and flying

If he is trying fly under the IRS radar, he probably won't want to deal with his bank. That much money will be recorded.


Will Western Union send that much ? If so, have them wire it to your account.
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Old 03-31-2007, 10:08 PM
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I hate the IRS as much as anyone, but scam is a scam is a scam - from whatever end.


Someone will get screwed with that much cash involved.



too many loose ends...

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Old 04-01-2007, 05:01 AM
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Default Re: cash and flying

Don't the US banks have to report any cash trasaction over 10 grand?
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Old 04-01-2007, 07:04 AM
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Default Re: cash and flying

geminiII - 4/1/2007 5:01 AM

Don't the US banks have to report any cash trasaction over 10 grand?
I believe you are correct, I would suggest a wire transfer or as others have suggested go to the bank and get a cashiers check.

You may also want to meet him at his bank and open an account and deposit the money, also beware of counterfeit money. Most people are not used to seeing that amount of cash and someone could easily slip some funny money in there.

I do however have a friend that fools with old muscle cars and lot of his transactions are cash only, he is not hiding anything from IRS since this is a hobby for him but he will not take checks from people he does not know or from out of state. He tells me this is common within the vintage car circles
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Old 04-01-2007, 07:17 AM
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Default Re: cash and flying

if you are going to fly with it, expect to be detained while the money is checked for traces of drugs or explosives. insist on new bills in wrappers.
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Old 04-01-2007, 07:19 AM
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Default Re: cash and flying

I think wire transfer is the way to go, but isnt it bank deposits over 10K that have to be reported? I think he can transfer out anything he wants to. But I am not 100% sure of that.

But in either case, his activities would make me pretty suspicious of him in general. Are you helping him commit some kind of crime in the eyes of the Feds? Does helping him make you an accomplice, possibly to something you dont even know about?

Have him wire transfer you 9K, ten times...
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