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There's a rather famous court case about civil asset forfeiture involving somebody who had just closed on their house for cash. Cops stopped the car, decided th
by UncleMeat 2y ago
There's a rather famous court case about civil asset forfeiture involving somebody who had just closed on their house for cash. Cops stopped the car, decided the money was dirty, stole it.
Carrying a ton of cash is unusual, but does really happen.
- tptacek 2y agoYes: this definitely happens. I'm not making a broader argument about the legitimacy of civil asset forfeiture.
- UncleMeat 2y agoThe key point in my comment is "closed on their house for cash." It isn't unheard of to carry around such a massive pile of cash even if you aren't a drug dealer.
- mikeyouse 2y agoThe end of this particular story was "charged with several felonies, plead guilty and received probation" so it's safe to assume this cash wasn't a civil asset forfeiture, and certainly wasn't from the sale of a house.
- zoklet-enjoyer 2y agoThey charged him with money laundering. He plead guilty to attempted money laundering. I don't know the exact laws he was charged with breaking.
- coolspot 2y agoMaybe it was happening in the past, but nowadays you can’t really sell a house for paper cash. Title & Escrow companies will require settled money on a verified checking account from a buyer and they will not deliver you duffel bag of cash - they will deposit into an account of your choice.