Forum Settings
       
Reply To Thread

Hypothetical Found Money QuestionFollow

#27 Jul 15 2010 at 1:23 PM Rating: Good
Avatar
*****
13,240 posts
Swiss banks don't make reports to the IRS. And they are discreet.

Just sayin'
____________________________
Just as Planned.
#28 Jul 15 2010 at 1:25 PM Rating: Good
Avatar
*****
13,007 posts
Timelordwho wrote:
Swiss banks don't make reports to the IRS. And they are discreet.

Just sayin'
I don't even know that safety deposit boxes are reported on. You can store about anything in them. Aren't they basically anonymous?
#29 Jul 15 2010 at 1:30 PM Rating: Decent
Jophed,

Quote:
If I recall correctly, banks are required to report deposits of greater than $10,000 to the IRS. I'm sure they had a method in place to keep you from opening forty bank accounts of $9,999.00 as well


I'm not sure they do. Say I open 10 different accounts in nashville, 10 in atlanta, 10 in charlotte, well you get the picture. As long as you don't open them all the same day I wouldn't see where the feds would be able to keep track of it. Of course if that isn't possible just rent a boat and visit an offshore haven.

#30 Jul 15 2010 at 1:48 PM Rating: Excellent
Liberal Conspiracy
*******
TILT
AshOnMyTomatoes wrote:
Aren't they basically anonymous?

Well, the bank knows who owns the box but what's in it is your business. You go to a private room to open the box so you could stuff whatever you want in there without anyone knowing about it (short of a warrant to bust into it).
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#31 Jul 15 2010 at 1:50 PM Rating: Excellent
What Kuwoobie said, then what Samira said, then what Nobby said. Because big tits are hilarious.
#32 Jul 15 2010 at 2:26 PM Rating: Good
Ministry of Silly Cnuts
*****
19,524 posts
Jophiel wrote:
AshOnMyTomatoes wrote:
Aren't they basically anonymous?

Well, the bank knows who owns the box but what's in it is your business. You go to a private room to open the box so you could stuff whatever you want in there without anyone knowing about it (short of a warrant to bust into it).
In most EU countries, this.

In Switzerland, it's still possible to have a SDB paid for in cash without having to provide any I.D. While ever you're up to date with payments for the box, it is sealed and only openable with 2 keys (yours and theirs) on production of a long account number. No names, no signatures, no ID. The bank has no knowledge of who you are. If you fall behind on payments it is sealed for 1 year, then the contents become the bank's property.

For cash accounts, the law changed recently so that you have to provide ID to open a numbered account, and this can be disclosed to security services on production of an appropriate warrant.

There is pressure from the EU Commission and Interpol to introduce the same rules for deposit boxes.
____________________________
"I started out with nothin' and I still got most of it left" - Seasick Steve
#33 Jul 15 2010 at 2:42 PM Rating: Decent
Repressed Memories
******
21,027 posts
First I'd take a look around for Tommy Lee Jones, knowing that would determine whether this would end well or not.
#34 Jul 15 2010 at 2:49 PM Rating: Good
Assuming no identifying marks, I'd keep it.

Then I'd paint my car and change my license plate, just in case someone saw me drive off with it.
#35 Jul 15 2010 at 3:02 PM Rating: Good
Ministry of Silly Cnuts
*****
19,524 posts
Back in the '80s, a member of my staff at a casino (she had a minimum wage job waitressing) found a polythene bag containing £600 (probably equivalent to about 2 or 3 thousand dollars at today's value) and brought it straight to me.

On police advice, I sealed it in an envelope, signed over the flap and kept it in the safe for 3 months. Nobody claimed it and it was hers.

Lucky cow.
____________________________
"I started out with nothin' and I still got most of it left" - Seasick Steve
#36 Jul 15 2010 at 4:29 PM Rating: Good
****
6,858 posts
I would pull a Sawyer on you.

Edited, Jul 15th 2010 6:30pm by BoondockSaint
#37 Jul 15 2010 at 4:42 PM Rating: Decent
Keeper of the Shroud
*****
13,632 posts
I'd probably go to the police with it and if nobody claimed the money it would legally be mine. I'd also pay any taxes on it as well. No, I'm not normally that honest. I'd use the money to buy a new house, and that's the sort of thing that looks a bit suspicious if, when it comes time to pay, you just hand over a big bag full of loose bills.
#38 Jul 15 2010 at 5:38 PM Rating: Good
GBATE!! Never saw it coming
Avatar
****
9,971 posts
I think the first order of business would be to find out if any local Mafioso "disappeared".
____________________________
remorajunbao wrote:
One day I'm going to fly to Canada and open the curtains in your office.

#39 Jul 15 2010 at 8:00 PM Rating: Excellent
Avatar
******
29,919 posts
IF it was stolen, the serial numbers are flagged, and spending them will draw unwanted attention. If you turn it in and no one claims it, the money is yours, then again corruption and whatnot, you would probably never see it again. maybe drive to canida, spend it on somethign large and resellable like an airplane or a yacht, then bring that back and sell it and hope you don't get caught?
____________________________
Arch Duke Kaolian Drachensborn, lvl 95 Ranger, Unrest Server
Tech support forum | FAQ (Support) | Mobile Zam: http://m.zam.com (Premium only)
Forum Rules
#40 Jul 15 2010 at 8:51 PM Rating: Excellent
Avatar
*****
13,240 posts
Dread Lörd Kaolian wrote:
IF it was stolen, the serial numbers are flagged, and spending them will draw unwanted attention. If you turn it in and no one claims it, the money is yours, then again corruption and whatnot, you would probably never see it again. maybe drive to canida, spend it on somethign large and resellable like an airplane or a yacht, then bring that back and sell it and hope you don't get caught?


Man, you are the worst money launderer ever.

____________________________
Just as Planned.
#41 Jul 15 2010 at 11:12 PM Rating: Excellent
I'd burn it to fight inflation.
#42 Jul 15 2010 at 11:46 PM Rating: Good
Avatar
*****
13,240 posts
Kavekk the Ludicrous wrote:
I'd burn it to fight inflation.


A better way to fight inflation is to exchange said money for value retaining goods.
____________________________
Just as Planned.
#43 Jul 16 2010 at 12:28 AM Rating: Good
Timelordwho wrote:
Kavekk the Ludicrous wrote:
I'd burn it to fight inflation.


A better way to fight inflation is to exchange said money for value retaining goods.


I'm not sure I'm comfortable paying for things with garbage.
#44 Jul 16 2010 at 1:05 AM Rating: Good
Ministry of Silly Cnuts
*****
19,524 posts
Dread Lörd Kaolian wrote:
IF it was stolen, the serial numbers are flagged
Utter *********

Who the fUck records banknote serial numbers? Ever?

Sure, if you're carrying a case of ransom money, in a Matt Damon movie, it's a possibility, but over here in real life, bank notes are as anonymous as an anonymous thing that's completely anonymous.
____________________________
"I started out with nothin' and I still got most of it left" - Seasick Steve
#45 Jul 16 2010 at 1:31 AM Rating: Excellent
Citizen's Arrest!
******
29,527 posts
I'd do as mentioned before first and do a quick check of serial numbers to make sure it's not an obvious forgery/sequential bills. Assuming that pans out, I'd take about 20% of it out and stash it in my walls. Then I'd turn in the rest to the cops. If it gets claimed or "lost" due to corruption, then fine, I still have my 20% which I can use for smaller transactions(like part of my groceries, minor car repairs, etc) over a lifetime, allowing me to save up an equal amount from my paychecks while also dropping an extra $20-$30 into savings from time to time. And of course, I'd pay cash for a few luxury items(new TV, that kind of thing) that likely wouldn't really raise flags for anyone who might be watching, spacing them out over time to hide the spending spree.

6-12 months after the turn in to the cops, then I'd move the money to a safety deposit box for security and ease of access.

Most importantly, the police likely would have checked it out for any flags on the money and likely would have had it checked for counterfeiting. If no flags/counterfeiting indications found, then I could spend it as above. If any such evidence found, I could dispose of the money I had squirreled away. Probably with thermite, just to be sure.
#46 Jul 16 2010 at 2:40 AM Rating: Good
Avatar
*****
13,240 posts
Kavekk the Ludicrous wrote:
Timelordwho wrote:
Kavekk the Ludicrous wrote:
I'd burn it to fight inflation.


A better way to fight inflation is to exchange said money for value retaining goods.


I'm not sure I'm comfortable paying for things with garbage.


Think of it as bartering garbage for useful goods.
____________________________
Just as Planned.
#47 Jul 16 2010 at 2:54 AM Rating: Good
Soulless Internet Tiger
******
35,474 posts
Dread Lörd Kaolian wrote:
IF it was stolen, the serial numbers are flagged, and spending them will draw unwanted attention. If you turn it in and no one claims it, the money is yours, then again corruption and whatnot, you would probably never see it again. maybe drive to canida, spend it on somethign large and resellable like an airplane or a yacht, then bring that back and sell it and hope you don't get caught?
$250,000 isn't going to buy you much in Canada. It might cover the sales tax.
____________________________
Donate. One day it could be your family.


An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo

#48 Jul 16 2010 at 3:02 AM Rating: Good
Timelordwho wrote:
Kavekk the Ludicrous wrote:
Timelordwho wrote:
Kavekk the Ludicrous wrote:
I'd burn it to fight inflation.


A better way to fight inflation is to exchange said money for value retaining goods.


I'm not sure I'm comfortable paying for things with garbage.


Think of it as bartering garbage for useful goods.


I'm sorry, Dave, I'm afraid I can't do that.
#49 Jul 16 2010 at 6:10 PM Rating: Good
*****
19,369 posts
Kavekk the Ludicrous wrote:
Timelordwho wrote:
Kavekk the Ludicrous wrote:
Timelordwho wrote:
Kavekk the Ludicrous wrote:
I'd burn it to fight inflation.


A better way to fight inflation is to exchange said money for value retaining goods.


I'm not sure I'm comfortable paying for things with garbage.


Think of it as bartering garbage for useful goods.


I'm sorry, Dave, I'm afraid I can't do that.


So charge it to your card.
#50 Jul 16 2010 at 9:20 PM Rating: Good
*
242 posts
Legally speaking, it appears to be abandoned. Your garbage, when you put it out on the curb, is abandoned. That's why the police can look through it. This presumes that the abandonment was intentional. Which is crazy, but the likelihood of the "abandoner" finding you is slim.

As a side issue, if you are an employee of the dump, your employer is entitled to the money over you, since you have a fiduciary obligation to him to hand it over. Otherwise, it's yours against all but the original owner who can prove that he didn't abandon it.

You would have to declare it as income on your federal income taxes. Likely taxable by the state too, but that will vary depending on jurisdiction. Windfalls such as these are considered ordinary income, taxable at the regular income rate (which in this case would be nigh 35% as I recall).
#51 Jul 16 2010 at 10:25 PM Rating: Good
Worst. Title. Ever!
*****
17,302 posts
Lord Nobby wrote:
Dread Lörd Kaolian wrote:
IF it was stolen, the serial numbers are flagged
Utter *********

Who the fUck records banknote serial numbers? Ever?

Sure, if you're carrying a case of ransom money, in a Matt Damon movie, it's a possibility, but over here in real life, bank notes are as anonymous as an anonymous thing that's completely anonymous.


I think he means stolen from a bank. Not stolen from a random person (who obviously wouldn't record serial numbers of their money...)
____________________________
Can't sleep, clown will eat me.
Reply To Thread

Colors Smileys Quote OriginalQuote Checked Help

 

Recent Visitors: 707 All times are in CST
Anonymous Guests (707)