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"Isn't that a MASSIVE red flag that you are dealing with unscrupulous people?" I used to think so, but there are legitimate and perfectly legal businesses that
by betterunix 14y ago
"Isn't that a MASSIVE red flag that you are dealing with unscrupulous people?"
I used to think so, but there are legitimate and perfectly legal businesses that only accept cash or teller's checks. I recently dealt with a car shipping service that demanded cash (I was suspicious too, but my car is fine and the service was prompt). Some people don't trust banks; some come from countries where banks cannot be trusted.
There is no upper bound on legal cash transactions. We have cash for a reason, and people who pay in cash (even large sums of money) should not be assumed to be criminals (despite what tyrannical forces like the DEA tell you).
- monksy 14y agoThere are limitations on how much you can carry/fly/drive over the border without declaring. The limit is 10k. When you do declare it the IRS gets involved and they're going to question you about it.
- jacquesm 14y agoAnd if you got the money legitimately and if you have a legitimate purpose for having it on you (or even no purpose!) then you're fine. Read here for an interesting story about $247K: http://en.wikipedia.org/wiki/Unione_Corse http://en.wikipedia.org/wiki/Unione_Corse
- monksy 14y agoAs in the story there, it doesn't prevent them from legally roughing you up at bit or confiscating the money.