Television What to do if you find a large amount of cash?

[El Chimpo]

Check for a GPS tracker so some bowl cut haired psycho wouldn't come after me

 

[NoSmilez]

Laundering through casinos isn't easy. They track the amount of cash you put in and out. You can do small numbers but you can't bring in 100k then spend 1000 then leave.

 

[PG29 red0 Jr]

Check for a GPS tracker so some bowl cut haired psycho wouldn't come after me

I would have nightmares.

 

[Bushpig]

Leave the money take the coke.

 

[Fedorgasm]

You can also turn it in as found money and then if not claimed after 12 months it is yours free clear, as i understand it. No druggies are going to claim it as they would have to prove where the funds came from.

I would consider turning in around $9MM while keeping $1MM to live off and yes , laundering it thru a casino. Buy chips but don't gamble and then turn in chips later in the day for clean cash.

Yeah turn that shit in and it will mysteriously go missing over the course of that 12 months.

 

[Fedorgasm]

Why launder it at all?

Just use it to buy drugs. Yesterday I didn't have a lifetime supply of drugs and today I do? That's good enough for me. Not going to get greedy and try to spend it on houses and cars.

 

[TheNinja]

Movies have freaked me out too much. I'd assume it was drug dealer money at that eventually they would come find me. Although if it's a big time drug dealer, are they even going to notice $10million? The Sinoloa cartel's El Chapo is worth like $3billion. Is he going to come after $10mil?

Though I guess the trafficker or dealer who lost it is going to come after it. I'm guessing heads of drug cartels don't take too kindly to people losing their money.

If you knew 100% it wasn't cartel money, I could find a lot of smart ways to spend it or launder it.....as others have said, small amounts of gold, silver and of course casinos would be amazing for this. Pretty easy to move $50k a weekend through a big casino.

Avoid big purchases for a very long time.

 

[SaiWa]

Why even bother laundering it en masse?... Slowly launder it and increase the bank account a bit by a bit but just use cash mainly if possible for the rest of your life.

If i found a briefcase full of cash. I would goto a Target, buy a box of trashbags and disinfectant wipes. Toss all the money in the trash bag, wipe the briefcase and then toss that shit in the nearest garbage can. I'd make the effort to mix up the cash just in case the serial numbers are in order so it's not as easily trackable.
Stash the cash in separate places. Some in the house, safety boxes in various banks, maybe dig a hole in the backyard and stash one more box. Then i'd start using the cash on a regular basis. Deposit about 3-4k every month. Hit up the casino with some extra money and gamble some but convert a little bit more just in case. Buy a bit of gold/silver here and there. I don't care for fancy cars nor dressing nicely so on the outside no one will know or notice. No one will be the wiser.

 

[Bald1]

1. Be patient.
2. Move.
3. Invest in precious metals.
4. If you can do it legally, invest in real estate.
5. Start a small company.
6. Diversify small investments.
7. Keep a job or become self employed.
8. Hit up the casinos.
9. Fly under the radar.
10. Don't live a baller lifestyle, at least not consistently.
11. If you have people you trust, have them help in small ways. I'd do this with family in the old country.

Don't do 3, 4, 5, and 6 all at once.

Fade away into retirement in 10 years.

 

[Bald1]

. I don't care for fancy cars nor dressing nicely so on the outside no one will know or notice. No one will be the wiser.

Right?

Why's Joe the warehouse worker driving a Ferrari and have a Rolex?

It would take discipline, patience and a plan, but making incremental moves could have a person be free in just years.

 

[ralphc1]

I'd buy gold and silver. Mostly gold. I'd bury the cash in my back yard, pull out 15k at a time every weekend, then drive to different coin shops in my state and buy gold coins and silver bars.

Gold is around just under $1800 an ounce last time I looked.

Gold is small and valuable. Easy hide.

Even at that rate it would take almost 13 years to convert $10 million.

They have to report cash buys of $10K or more so the IRS might pay you a visit. I was on a Federal Grand Jury and we had a case of a guy who was buying a house on a land contract and paying $9K per month to avoid the reporting. The guy he was buying the house from didn't deposit the money one month so he deposited $18K the next month. The bank notified the IRS and the guy he was buying the house from told them where he got the money. The buyer had reported only making $11K the previous year for tax purposes. He had expensive vehicles and a boat so they put him under surveillance and found he was selling drugs.

 

[terrapin]

would it work to start some kind of hard to trace business like a "life coach" or something and start logging 8 clients a day at 200 dollars a session? would something like that work?

that's over 500000 dollars a year in income and you don't do any work for it.

@ralphc1

 

[Candy Routure]

I’d find Dana and a card game in Vegas.. Fully ready and willing to lose a million dollars.. The rest of the chips I bought gets turned back into fresh new money, and I’m off to an Island! Woot!!

 

[Plutoburn]

Watch enough movies to know nothing good happens if you keep it.

 

[Young Calf Kick]

Bury it on public land for at least a year. After that you can be sure there is no connection possible between you and the money. Then you slowly pass it into circulation.

And God said, Let there be Casinos.

And there was.

Henceforth everyone could easily launder their ill gotten gains.

And the people rejoiced

I'd do a combination of the above two.

First, hope you find the cash near Nevada/in Vegas. Bury it on public land for 2 years. Dig it all up after, then rebury it at 7 different locations. Take out one location every couple years or so, get to a casino, flip it, cash out, do good investments.

 

[Fugazy]

Laundering through casinos isn't easy. They track the amount of cash you put in and out. You can do small numbers but you can't bring in 100k then spend 1000 then leave.

True, but you can do 10k in a day without any problem.

 

[DoomPatrol]

I am watching a Korean show on netflix where the premise is the main charecter finds two dead drug dealers and takes their money. So I was wondering what you would need to do to deal with all that money. Let's say you find 10 million dollars. Could you go to a place that sells gold. Then go to another place that buys gold and get a check. I get you might have to pay taxes on the check you get from the second store but that is one idea I have. What if you are just getting rid of 100k? What would really happen if you just put it all in the bank and paid taxes on it? Just declare it as income. Does the government really try to trace all this stuff?

The Show is Model Family

There are a bajillion ways people launder illicit money. The easiest would probably be starting a fake cash business and just start making up fake business. Mobile car wash. Luxury dog sitter. Doesn't really matter that much. Then launder enough to use that as seed money to invest in more legitimate things. Banks don't really care that much to look into it. You could even make night deposits if you don't ever want to look at your bankers.

Please don't put me on a list for that.

 

[Pliny Pete]

All you people saying you'd bury it better know what you're doing or you'll come back to a bunch of moldy gooey paper that is no longer usable as money
I know a guy who lost $200,000 that way, and yes he was a drug dealer

 

[NoSmilez]

True, but you can do 10k in a day without any problem.

How many times you think you can do this without triggering a SAR? The official CTR threshold is 10k but let's say you are doing 3k a day for a week without winning or losing much. You are definitely getting flagged for structuring.

 

[Rand M Arthur]

Laundering through casinos isn't easy. They track the amount of cash you put in and out. You can do small numbers but you can't bring in 100k then spend 1000 then leave.

I used to work in a casino and most of our business was drug dealers or small business owners laundering money. There were a few dozen gambling addicts and occasionally a young sports star with an escort on his arm and more money than sense.

It is simple. For European Roulette you place a red bet for x amount on one machine for the 1st wheel. Then the same x amount on a second machine for the same 1st wheel. Place ×/36 on zero to cover your loss. If zero comes in you break even, if red or black come in you lose the x/36 bet.

Or you could learn basic strategy for Blackjack, with has a mean casino edge of 0.5% over the long term. So by betting $500 every friday night for a year, you'd clear $26k, keeping $24.4k.

Then there is cash pocker, you sit down, pay the blinds for an hour, make an all un for the first pair you get. Buy in a again for a larger amount "to win your money back", sit for another hour paying the blinds, then cash out because "the cards are shit tonight"

On dice there is a 5/6ths chance you won't roll a 7, so you cover all the bets but 7. You win some and lose some, then cash out.

You could easily clear $100k a year, without it looking like you aren't just using recycled betting money. From one casino, from one person. The government is well aware of this too, they just like that sweet tax revenue from the black market too much.