Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: obsidian on September 14, 2023, 03:45:14 PM
-
I thought about this. You can't just take this to a bank and deposit it. So will you just spend a dollar here and there on groceries, gas, etc.? If you walk into a car dealership and pay for the car in cash it would raise red flags.
Another question, if you somehow found an unclaimed computer in the trash with no personal info but a Bitcoin wallet and password and 1000 BTC in it, what would you do? You literally can't do anything with it if you want to stay on the right side of the law, especially in USA. If you tried to convert it to dollars you would be SOL. Would there be some way to declare to the IRS that you just found it in the trash? Would they believe you?
In Breaking Bad they acquire a car wash to rinse / launder their money. But I think the crucial part is they had to be able to acquire the car wash with legitimate savings that could be traced via accounting. If they just magically bought the car wash for $1 million it would raise flags. Unless they got a huge loan and then paid it off with "cash" from the business?
(https://y.yarn.co/87d2a801-405c-4979-b7f0-7f4f1484403c_text.gif)
-
(https://i.gifer.com/Tgz3.gif)
-
(https://i.gifer.com/Tgz3.gif)
Lol yeah that did not work out well for Josh Brolin! ;D
-
Bro...
-
(https://i.gifer.com/Tgz3.gif)
One of my all time favorite movies,and I`ve got a lot of them!
-
https://en.m.wikipedia.org/wiki/A_Simple_Plan_(film)
-
Short answer - not much you can do with it without raising red flags. If they started looking into you they would look at what you buy and what you don’t buy equally. That idea of buying gas and food? What happens when you have to explain why you been driving your car for months but have no gas purchases on your account or cash withdrawal to indicate you used your own funds at gas stations? No charges in super markets or restaurant? Why haven’t you starved to death?
Forget a car wash (or bar). They are mostly digital now. Forget a casino. Forget smuggling it out of the country to spend in other countries (they keep records of currency exchanges everywhere. )
Etc.
My gf mother retired as a federal forensic accountant. Any ways that people have tried to get away, she has seen.
About the safest way is a long term scheme that most people do not have the patience to pull off. That involves legitimately purchasing a house with your own money or financing it. Then using the illicit money to pay a contractor in cash to fix it up on the sly. Nothing extensive or that requires permits or inspections. Hold it for a couple years and sell for a profit. Rinse and repeat.
-
Short answer - not much you can do with it without raising red flags. If they started looking into you they would look at what you buy and what you don’t buy equally. That idea of buying gas and food? What happens when you have to explain why you been driving your car for months but have no gas purchases on your account or cash withdrawal to indicate you used your own funds at gas stations? No charges in super markets or restaurant? Why haven’t you starved to death?
Forget a car wash (or bar). They are mostly digital now. Forget a casino. Forget smuggling it out of the country to spend in other countries (they keep records of currency exchanges everywhere. )
Etc.
My gf mother retired as a federal forensic accountant. Any ways that people have tried to get away, she has seen.
About the safest way is a long term scheme that most people do not have the patience to pull off. That involves legitimately purchasing a house with your own money or financing it. Then using the illicit money to pay a contractor in cash to fix it up on the sly. Nothing extensive or that requires permits or inspections. Hold it for a couple years and sell for a profit. Rinse and repeat.
Lol yeah great points. At the end, you just can't hide it. I would look into finders keepers laws and just come clean and declare it and pay taxes up front if you're allowed to keep it. Unless you're willing to live under the radar but always have to look over your shoulder.
-
Buy a house and renovate it. Use the cash to pay contractors. Flip the house and do that a few times. You’ll end up paying taxes on the gainz but at least it’ll be clean. You can do the same with an old car too. If you just want to blow it, buy some shit like Rolex watches from a pawn shop. Also, if you just want to blow it, use a travel agent that takes cash. Most independent agents will.
-
Go back to my trailer to tell my wife, “You’re retired.”
-
Lol yeah great points. At the end, you just can't hide it. I would look into finders keepers laws and just come clean and declare it and pay taxes up front if you're allowed to keep it. Unless you're willing to live under the radar but always have to look over your shoulder.
It’s easy to say. Until you find it. Then you will be telling friends shit like “hey if you go to Best Buy and buy all this for me on your credit card, I’ll pay you and give you an extra $5000 too”
Or spend it on drugs or hookers.
Some have tried to use it to become a partner in a business or buy in to an existing LLC. Paying the other partners cash for a percentage. But then you got more involved and if one goes under for anything….. (even non tax related) it’s like dominos. Cause you know he gonna snitch.
-
Go back to my trailer to tell my wife, “You’re retired.”
You know how many people I know in El Paso?
...that’s how many
-
You know how many people I know in El Paso?
...that’s how many
Switched the samples!
-
Switched the samples!
Tommy Lee Jones was perfect in both movies
-
You guys fucking kidding? My business is mostly cash. And as a gambler I deal in mostly cash. Easy as hell to make up where it came from and spend it. I buy everything in cash and no one has ever said a word. Who worries about using cash and what the feds might say? Let them come asking cause they won’t find it anyways.
-
I thought about this. You can't just take this to a bank and deposit it. So will you just spend a dollar here and there on groceries, gas, etc.? If you walk into a car dealership and pay for the car in cash it would raise red flags.
Another question, if you somehow found an unclaimed computer in the trash with no personal info but a Bitcoin wallet and password and 1000 BTC in it, what would you do? You literally can't do anything with it if you want to stay on the right side of the law, especially in USA. If you tried to convert it to dollars you would be SOL. Would there be some way to declare to the IRS that you just found it in the trash? Would they believe you?
In Breaking Bad they acquire a car wash to rinse / launder their money. But I think the crucial part is they had to be able to acquire the car wash with legitimate savings that could be traced via accounting. If they just magically bought the car wash for $1 million it would raise flags. Unless they got a huge loan and then paid it off with "cash" from the business?
(https://y.yarn.co/87d2a801-405c-4979-b7f0-7f4f1484403c_text.gif)
I’d keep pimping out your mom and sister for cash and not worry about laundering the money.
What next….a riveting thread about finding a Genie in a lamp?
Fucking gaylord
-
Tommy Lee Jones was perfect in both movies
Hell yeah he was!
-
You guys fucking kidding? My business is mostly cash. And as a gambler I deal in mostly cash. Easy as hell to make up where it came from and spend it. I buy everything in cash and no one has ever said a word. Who worries about using cash and what the feds might say? Let them come asking cause they won’t find it anyways.
Yep, this.
If you have no credit or whatsover and you buy a very expensive car in cash, now that might raise some suspicion, otherwise, no one gives a fuck.
-
You people can't be serious. This would not be a problem for me, that's for sure.
Just curb the conspicuous consumption and keep it out of the banking system.
-
You know how many people I know in El Paso?
...that’s how many
You'll be hearing from my Get Big lawyer.
...I've been posting like this for over 16 years and it's trademarked >:(
-
You guys fucking kidding? My business is mostly cash. And as a gambler I deal in mostly cash. Easy as hell to make up where it came from and spend it. I buy everything in cash and no one has ever said a word. Who worries about using cash and what the feds might say? Let them come asking cause they won’t find it anyways.
Has a man ever lost his anal virginity to you in a game of 6.45 card stud, Rob?
-
Has a man ever lost his anal virginity to you in a game of 6.45 card stud, Rob?
Subtle way to introduce Matt C. to the thread.
-
With a million dollar suitcase I’d worry first if somebody comes looking for it.
-
Subtle way to introduce Matt C. to the thread.
I'M KNOWN FOR MY SUBTLETY YOU GODDAMN FAGGOTT!!!!!!!!!!!!!
-
I'M KNOWN FOR MY SUBTLETY YOU GODDAMN FAGGOTT!!!!!!!!!!!!!
Nerve touched?
-
Nerve touched?
I think you missed the obvious joke.
-
Dead to rights. Sailed right over my head.
-
With a million dollar suitcase I’d worry first if somebody comes looking for it.
Looking for what? See how easy this is? :D
-
You guys fucking kidding? My business is mostly cash. And as a gambler I deal in mostly cash. Easy as hell to make up where it came from and spend it. I buy everything in cash and no one has ever said a word. Who worries about using cash and what the feds might say? Let them come asking cause they won’t find it anyways.
This.
And they believe someone would look into how you have been dining at your restaurant meals and gas purchases but not at how you bought a house? ???
-
Cash is easy to burn through legit.
You won’t get pinned being normal. You get pinned being a spastic buying a 300k car with cash.
It took about 600k to furnish the house I built, all individual items. Could easily have done it with cash.
Buy a painting and sell it to someone who has money in the bank. You give them painting+30k cash and they give you a 30k bank transfer. You pay capital gains tax on the money and now It’s legit.
-
I'd take 100k out and leave the suitcase there
Rationale:
* Still a very nice little bit of pocket change
* Could relatively easily filter this through your spending patterns over the course of a few years without raising any flags with a bit of thought and impulse control
* if the suitcase was owned and retrieved by malevolent types, I would think they would be more grateful for still having 900k and just let the 100 slide given the circumstances of it being left like that
In other words, enjoy some finders spoils, but not be looking over your shoulder
-
if you somehow found an unclaimed computer in the trash with no personal info but a Bitcoin wallet and password and 1000 BTC in it, what would you do? You literally can't do anything with it if you want to stay on the right side of the law, especially in USA.
(https://y.yarn.co/87d2a801-405c-4979-b7f0-7f4f1484403c_text.gif)
False. Indeed its entirely the opposite. US law is very clear on the ownership of found/abandoned assets. Essentially, to put it very simply "finders, keepers".
-
This.
And they believe someone would look into how you have been dining at your restaurant meals and gas purchases but not at how you bought a house? ???
Any half decent businessman should be able to launder $1M with little effort at all.
-
False. Indeed its entirely the opposite. US law is very clear on the ownership of found/abandoned assets. Essentially, to put it very simply "finders, keepers".
Nope
The finder must take reasonable steps to locate the owner. If the finder shows that reasonable steps to find the owner have been taken then the finder may establish that the required mens rea for theft, the intention to deprive the owner permanently, is absent.
Now we have to define "resonable steps", normally its "what a reasonable person would have done in the same circumstance"
-
False. Indeed its entirely the opposite. US law is very clear on the ownership of found/abandoned assets. Essentially, to put it very simply "finders, keepers".
Only if you cannot determine the lawful owner.
Finders keepers law is a common law rule that allows a person who finds lost property to keep it, unless the original owner claims it.
But when I said you can't do anything with it I meant if you plan to spend the full million you're going to get burned. Either you have to declare it and pay taxes or if the owner is known, return it. That's why I stated in the Bitcoin example, "...if you somehow found an unclaimed computer in the trash with no personal info". But I believe, if the username on the computer is public and there are other personal documents identifying a person, it is likely the computer is theirs. I guess an argument could be made that they did not want the computer anymore - similar to what happened with Kevin Costner and his hat in Dances with Wolves. But the ex-owner could claim they lost their computer or it was stolen. If they have a police report then that computer is still their property and you can't keep the Bitcoin. Plus they might have receipts indicating when and how they acquired their Bitcoin.
-
You guys fucking kidding? My business is mostly cash. And as a gambler I deal in mostly cash. Easy as hell to make up where it came from and spend it. I buy everything in cash and no one has ever said a word. Who worries about using cash and what the feds might say? Let them come asking cause they won’t find it anyways.
Nobody said a word because you never had the IRS knocking on your door. If enough money was involved and the IRS are looking you better have your shit straight.
-
Buy a house and renovate it. Use the cash to pay contractors. Flip the house and do that a few times. You’ll end up paying taxes on the gainz but at least it’ll be clean. You can do the same with an old car too. If you just want to blow it, buy some shit like Rolex watches from a pawn shop. Also, if you just want to blow it, use a travel agent that takes cash. Most independent agents will.
(Armed) IRS agents: "Where are the receipts for the electrical, plumbing, and carpentry work? Oh, you paid in cash? Where did the cash come from? Give us the names of the contractors so we can confirm the amounts."
You could claim you did the work yourself - if you know how to do it. But what about the materials? You're going to pay cash for the new whole house AC / Furnace? Where did the $10,000+ cash come from to pay for that hardware?
-
Looking for what? See how easy this is? :D
Yes, ok.
-
Any cash deposits over 10k in one go or small amounts exceeding that within a given time in a UK bank may constitute the bank contacting the police
-
With a million cash you'd have to come up with bigger schemes like lending money to reliable people with their repayments being to the bank or making a fake small cash business like saying you're a painter/decorater
-
Car wash
Easiest way to launder money these days
All cash and no one knows how many cars you have washed.
-
Nope
Now we have to define "resonable steps", normally its "what a reasonable person would have done in the same circumstance"
Is gib ever right about anything? LOL ;D
-
A million is not that much nowadays.
I'd just spend a !ittle at a time and enjoy better food and simpler things.
-
Cash is easy to burn through legit.
You won’t get pinned being normal. You get pinned being a spastic buying a 300k car with cash.
It took about 600k to furnish the house I built, all individual items. Could easily have done it with cash.
Buy a painting and sell it to someone who has money in the bank. You give them painting+30k cash and they give you a 30k bank transfer. You pay capital gains tax on the money and now It’s legit.
A pittance for Getbiggers.
-
Nobody said a word because you never had the IRS knocking on your door. If enough money was involved and the IRS are looking you better have your shit straight.
I’ve been audited 3 times.
-
Car wash
Easiest way to launder money these days
All cash and no one knows how many cars you have washed.
Yes car wash and laundry mat.
-
Any cash deposits over 10k in one go or small amounts exceeding that within a given time in a UK bank may constitute the bank contacting the police
Yes always deposit and pull out under 10k and cashing out from casinos always cash out under 10k and go to multiple tellers or pay some one 100 to cash out more for you. Very easy to slide right by.
-
Short answer - not much you can do with it without raising red flags. If they started looking into you they would look at what you buy and what you don’t buy equally. That idea of buying gas and food? What happens when you have to explain why you been driving your car for months but have no gas purchases on your account or cash withdrawal to indicate you used your own funds at gas stations? No charges in super markets or restaurant? Why haven’t you starved to death?
Forget a car wash (or bar). They are mostly digital now. Forget a casino. Forget smuggling it out of the country to spend in other countries (they keep records of currency exchanges everywhere. )
Etc.
My gf mother retired as a federal forensic accountant. Any ways that people have tried to get away, she has seen.
About the safest way is a long term scheme that most people do not have the patience to pull off. That involves legitimately purchasing a house with your own money or financing it. Then using the illicit money to pay a contractor in cash to fix it up on the sly. Nothing extensive or that requires permits or inspections. Hold it for a couple years and sell for a profit. Rinse and repeat.
As a native of Las Vegas, I'd start buying casino chips in various casinos over a period of time. I'd play enough to not make it seem like I was there for that. I'd eat lunch look around etc. Rinse and repeat but not in any detectable pattern or anything out of the ordinary. I'd do 100k per month over 10 months, 10 different hotels. So 10k or just under ;) each. Use as needed.
-
Mike "The Situation" Sorrentino of Jersey Shore infamy was all over the 10k deposit rule, but unfortunately many other acts of tax evasion dodginess and hubris conspired to bring down this muscle brother idiot,
GTL (Gym, Tan, Launder) indeed
"Mike is also accused of structuring, or making multiple cash deposits on the same day in amounts less than $10,000, into different bank accounts that he controlled, in an effort to evade reporting requirements. The actual practice of making cash deposits (or withdrawals) of less than $10,000 is not illegal; it’s only a violation of the law when the transactions are structured “for the purpose of evading” those reporting requirements."
https://www.forbes.com/sites/kellyphillipserb/2017/04/07/mike-the-situation-sorrentino-hit-with-more-charges-including-tax-evasion-structuring/amp/
-
Much better to hire an accountant to avoid taxes rather than trying it as a DIY project.
-
This thread is incredibly US-centric. Most of us with any wealth worth protecting are smart enough to base ourselves entirely out of the US jurisdiction. Which is indeed how the majority of the world live...
For those in the US, for whom 1m is enough money, simply get on a plane, never return, and draw down on your bitcoin in your tropical jurisdiction of choice.
-
This thread is incredibly US-centric. Most of us with any wealth worth protecting are smart enough to base ourselves entirely out of the US jurisdiction. Which is indeed how the majority of the world live...
For those in the US, for whom 1m is enough money, simply get on a plane, never return, and draw down on your bitcoin in your tropical jurisdiction of choice.
You can't bring more than 10k cash on a plane and I'm not risking it all to get on a plane. I guess if you pay 40-50k for a private plane out of the country, you could do it.
-
Can't tell if this thread is for real. It's only a million, you guys are acting as if you're gonna have to spontaneously retire. It's $500 a week for 40 years. That's not a lot of money to wash. So many services etc take cash money. Not to mention stealth reno's etc, where you buy a house needing a lot of work, spend some money legally and the rest on the back end.
You can buy a ton of stuff with cash and that trend is probably gonna rebound with so many people getting bad credit through bankrupcy. Any restaurant/hooker/drug dealer/movie theatres/scappled tickets to sporting events/concerts etcnot to mention cash tipping in hotel's/cabs etc to get those little extras while on vacation etc.
And you have family members that you could easily easily give large volumes of cash to. Clothes/food etc is all easy to do with cash. And you obviously have people on the other side who always want to take cash, especially people selling used cars/doing small job contract work etc.
The only way you can screw this up is on a house or a car, granted that's a thing for most idiots.
Not to mention you can always be buying used stuff with cash, and selling it again to recoup your money.
EDIT: You got me thinking, $250 a week is social money, eating out, gas, expensive grocers(buy cheap groceries twice a month on your card). If you're married that's a lot of money going to your wife, if you're not married that's going to dating. If you have kids that's babysitters. You also get to tell your wife you're doing cash jobs with the boys on saturday when in reality the deck isn't being built it's being barbecues on etc.
The other $250 would be shit like paying people cash to work on your home, getting your best friend to give you a phone on his monthly bill, get your folks paying for your netflix etc. Then there's Christmas gifts for the family, "borrowing" your grandmothers escalade etc.
The reality is 1 mill ain't a lot of money.
EDIT2: Also if you and your wife are dual income, you can easily spend the majority of it on a house and car, with no worries of losing your jobs etc, no sacrifieces in terms of lifestyle, and just spend a set amount on your card for foot/gas/bills each month.
-
Car wash
Easiest way to launder money these days
All cash and no one knows how many cars you have washed.
Unless there's 24/7 video surveillance. Let's see your videos. Or the neighbors? How many cars did you say came through here?
-
Can't tell if this thread is for real. It's only a million, you guys are acting as if you're gonna have to spontaneously retire. It's $500 a week for 40 years. That's not a lot of money to wash. So many services etc take cash money. Not to mention stealth reno's etc, where you buy a house needing a lot of work, spend some money legally and the rest on the back end.
You can buy a ton of stuff with cash and that trend is probably gonna rebound with so many people getting bad credit through bankrupcy. Any restaurant/hooker/drug dealer/movie theatres/scappled tickets to sporting events/concerts etcnot to mention cash tipping in hotel's/cabs etc to get those little extras while on vacation etc.
And you have family members that you could easily easily give large volumes of cash to. Clothes/food etc is all easy to do with cash. And you obviously have people on the other side who always want to take cash, especially people selling used cars/doing small job contract work etc.
The only way you can screw this up is on a house or a car, granted that's a thing for most idiots.
Not to mention you can always be buying used stuff with cash, and selling it again to recoup your money.
EDIT: You got me thinking, $250 a week is social money, eating out, gas, expensive grocers(buy cheap groceries twice a month on your card). If you're married that's a lot of money going to your wife, if you're not married that's going to dating. If you have kids that's babysitters. You also get to tell your wife you're doing cash jobs with the boys on saturday when in reality the deck isn't being built it's being barbecues on etc.
The other $250 would be shit like paying people cash to work on your home, getting your best friend to give you a phone on his monthly bill, get your folks paying for your netflix etc. Then there's Christmas gifts for the family, "borrowing" your grandmothers escalade etc.
The reality is 1 mill ain't a lot of money.
EDIT2: Also if you and your wife are dual income, you can easily spend the majority of it on a house and car, with no worries of losing your jobs etc, no sacrifieces in terms of lifestyle, and just spend a set amount on your card for foot/gas/bills each month.
That's why I said in my initial post that the easiest way would be to spend a little here and there on groceries, haircuts, gas, etc. What if you don't want to wait 40 years?
What if you want to start using that money for investments, etc? You'd have to really think it out.
I like the idea of buying an old house for a low price, fixing up some stuff with on-the-book money, and paying for some stuff on the side. For tax purposes, do you have to provide receipts when you flip a house for a decent profit to prove where your expenses went? Or can you just claim you got lucky and found the right buyer and did very little work to improve the house? Let's face it, in most cases you're not going to flip an old, outdated house without putting the time and money in to make it worth the extra dollars.
-
This thread is incredibly US-centric. Most of us with any wealth worth protecting are smart enough to base ourselves entirely out of the US jurisdiction. Which is indeed how the majority of the world live...
For those in the US, for whom 1m is enough money, simply get on a plane, never return, and draw down on your bitcoin in your tropical jurisdiction of choice.
Well, some of us are still in this soon to be shithole!
-
The first thing to do is to empty the suitcase, find the transponder and to throw it away.
And don't forget the Mexican Gang, even if a very dangerous assassin is after you.
-
The first thing to do is to empty the suitcase, find the transponder and to throw it away.
And don't forget the Mexican Gang, even if a very dangerous assassin is after you.
Definitely this.
-
You can't bring more than 10k cash on a plane and I'm not risking it all to get on a plane....
Not quite true. There is no specific law that prohibits you from taking large amounts of cash on a plane. But you may have disclosure obligations, both on the exist and/or the entry of some countries.
But either way, that's why we do it in Bitcoin, fly to our destination of choice, and live happily ever after...
-
Al Jazeera recently made a very interesting four-part documentary investigating money laundering at the highest levels. Worth a watch if you're interested in the subject.
-
Yep. Store it in a home safe and just spend it bit by bit over time.
-
That's why I said in my initial post that the easiest way wouild be to spend a little here and there on groceries, haircuts, gas, etc. What if you don't want to wait 40 years?
What if you want to start using that money for investments, etc? You'd have to really think it out.
I like the idea of buying an old house for a low price, fixing up some stuff with on-the-book money, and paying for some stuff on the side. For tax purposes, do you have to provide receipts when you flip a house for a decent profit to prove where your expenses went? Or can you just claim you got lucky and found the right buyer and did very little work to improve the house? Let's face it, in most cases you're not going to flip an old, outdated house without putting the time and money in to make it worth the extra dollars.
if its labor intensive you just claim you did it on your own
-
The first thing to do is to empty the suitcase, find the transponder and to throw it away.
And don't forget the Mexican Gang, even if a very dangerous assassin is after you.
Good point.
I worried about the same thing on the first page.
Found out that ” What briefcase? ” perfectly acceptable aswer to these cartel types 🤷🏽♂️