Widder, SASS #59054 Posted November 17, 2018 Share Posted November 17, 2018 During the Cali fires, a movie producers home was destroyed. It looks like a big house located in a beautiful place. But its all gone now. Anyhow, he apparently never put his money in the bank (because he didn't trust them) but rather in a 'fire proof' safe in his home. The heat burnt up ALL his money. There's more to the story: somebody initiated a 'GoFundMe' to help raise money for him. Didn't these 'elite' folks carry insurance? ..........Widder Link to comment Share on other sites More sharing options...
Tyrel Cody Posted November 17, 2018 Share Posted November 17, 2018 I'm sure he had insurance, but that probably didn't cover cash. Link to comment Share on other sites More sharing options...
Pat Riot Posted November 17, 2018 Share Posted November 17, 2018 I am betting there was no money in the house. But there was money in the house...nudge, nudge, wink, wink... Link to comment Share on other sites More sharing options...
Widder, SASS #59054 Posted November 17, 2018 Author Share Posted November 17, 2018 7 hours ago, Pat Riot, SASS #13748 said: I am betting there was no money in the house. But there was money in the house...nudge, nudge, wink, wink... YEA..... what would have eventually gone up in smoke sometime later went up in smoke a few, unexpected days early..... ..........Widder Link to comment Share on other sites More sharing options...
Tex Jones, SASS 2263 Posted November 17, 2018 Share Posted November 17, 2018 Perfect example of "stupid is as stupid does". Link to comment Share on other sites More sharing options...
Dutch Nichols, SASS #6461 Posted November 17, 2018 Share Posted November 17, 2018 I call nonsense..... you can't float any real amount of cash w/o the feds getting involved. Cash a large check for cash and paperwork goes to the feds. Do it multiple times and you will be visited and HAVE to answer a whole bunch of questions. Fuire proof safes are only fireproof for about 1-2 hrs, ( if you're lucky), at normal house fire temps, those fires burned MUCH hotter!! Somebody just wanted to get on TV and have folks feel sorry for them or talk about them.....which they succeeded in doing. Link to comment Share on other sites More sharing options...
Marshal Mo Hare, SASS #45984 Posted November 17, 2018 Share Posted November 17, 2018 Not true on cash. More than 10k yes. Link to comment Share on other sites More sharing options...
Pat Riot Posted November 17, 2018 Share Posted November 17, 2018 I didn’t see the broadcast but if I were the reporter I would have said: “Really, that is too bad. It’s too bad you didn’t think ahead and plan for disasters. We live in California, you know. And, you live in Malibu. Malibu has a disaster every decade so your lack of planning doesn’t necessitate any more of a reaction from us other than, “Gee, maybe you’ve learned a hard lesson here, Sparky, so move forward. Only this time pull your greedy little head out of your arse!” Link to comment Share on other sites More sharing options...
Dutch Nichols, SASS #6461 Posted November 17, 2018 Share Posted November 17, 2018 Marshall laws changed under the patriot act yes a 10 k ck will do it but also cash multiple checks and the bank will report you it’s federally mandated POst office will now report if you buy 3k in money orders Link to comment Share on other sites More sharing options...
Utah Bob #35998 Posted November 17, 2018 Share Posted November 17, 2018 Didn't trust banks? Was this guy born in the Depression?? Never wrote a check? Paid his bills in greenbacks through the mail?? No way you can keep ALL your money in cash these days. Try to buy a plane ticket with cash and see what happens. Color me skeptical. Link to comment Share on other sites More sharing options...
Pat Riot Posted November 17, 2018 Share Posted November 17, 2018 17 minutes ago, Utah Bob #35998 said: Didn't trust banks? Was this guy born in the Depression?? Never wrote a check? Paid his bills in greenbacks through the mail?? No way you can keep ALL your money in cash these days. Try to buy a plane ticket with cash and see what happens. Color me skeptical. I wanted to buy a car with cash a few years back. The dealership wouldn’t accept it due to Patriot Act regs. Had to get a cashiers check. USPS has machines that detect cash in mail and they envelope is flagged if it’s a lot of cash and the postal police get involved. Using cash for large purchases is a bad idea anyway. It marks you for crime. I wonder how that Dipstick knows the cash burnt? His house may have been looted before it burned. Regardless, if there was money it is gone now, but he’s probably still a Dipstick. Link to comment Share on other sites More sharing options...
Buffalo Creek Law Dog Posted November 17, 2018 Share Posted November 17, 2018 Casinos in Canada have to watch closely for people laundering money through them. All winnings, prizes etc in Canada are tax free so, what they do is buy say, $5,000 worth of chips, gamble for a couple of minutes and then cash them in. That $5,000 just became winnings and is now tax free money. They wouldn't say what happens if they suspect laundering going on, I would think it would be a trade secret. Link to comment Share on other sites More sharing options...
Ramblin Gambler Posted November 17, 2018 Share Posted November 17, 2018 I had like 4 weeks in a row where I was cashing $1k+ expense checks at my own bank. They didn't say it outright, but I could tell they were filling out SARs on me for the last couple based on the questions they were asking and the insistence on being up in my bidness. Also, I'd taken out $10k a few years ago to buy a car for cash so I had experience with the procedure. If I had told them anything, I woulda said the money was to buy guns (cause that's what I use my expense check money on most of the time). I kinda wish I had said that just to see what happened next. Link to comment Share on other sites More sharing options...
Allie Mo, SASS No. 25217 Posted November 18, 2018 Share Posted November 18, 2018 Reminds me of the Gofundme for Kanye when he was $53M in debt. Link to comment Share on other sites More sharing options...
Dustin Checotah Posted November 18, 2018 Share Posted November 18, 2018 7 hours ago, Pat Riot, SASS #13748 said: I wanted to buy a car with cash a few years back. The dealership wouldn’t accept it due to Patriot Act regs. Had to get a cashiers check. USPS has machines that detect cash in mail and they envelope is flagged if it’s a lot of cash and the postal police get involved. Using cash for large purchases is a bad idea anyway. It marks you for crime. I wonder how that Dipstick knows the cash burnt? His house may have been looted before it burned. Regardless, if there was money it is gone now, but he’s probably still a Dipstick. I do not know of any machines that the Postal Service have to detect cash. I was an Electronics Tech for the Postal Service, retired 2 years ago. My job was to fix the mail processing machines at Eastern Maine Processing and Distribution Plant. It might be possible that bigger plants have such a machine but I think I would have at least heard of one. Dustin. Link to comment Share on other sites More sharing options...
Pat Riot Posted November 18, 2018 Share Posted November 18, 2018 Just now, Dustin Checotah said: I do not know of any machines that the Postal Service have to detect cash. I was an Electronics Tech for the Postal Service, retired 2 years ago. My job was to fix the mail processing machines at Eastern Maine Processing and Distribution Plant. It might be possible that bigger plants have such a machine but I think I would have at least heard of one. Dustin. When I worked at Siemens I was told that Siemens made them for USPS. I know they make sorting machines for USPS. Link to comment Share on other sites More sharing options...
Dustin Checotah Posted November 18, 2018 Share Posted November 18, 2018 1 minute ago, Pat Riot, SASS #13748 said: When I worked at Siemens I was told that Siemens made them for USPS. I know they make sorting machines for USPS. We did have many machines made by Siemens. Maybe the new facer canceller does what you said. We did not have those at our plant. Link to comment Share on other sites More sharing options...
Sedalia Dave Posted November 18, 2018 Share Posted November 18, 2018 I know dogs can be trained to alert on money. Back in 2014 there were machines that could do so as well Sniffing Out Smuggled Money Is About to Get Easier With New Device The ink that is used to print US currency is magnetic. There are detectors that are sensitive to detect the magnetic signature of a stack of bills and even tell how many bills are in the stack. I highly suspect that the new counterfeiting measures in the latest generation of currency allow it to be easily detected by X-ray machines. Link to comment Share on other sites More sharing options...
Dantankerous Posted November 18, 2018 Share Posted November 18, 2018 About 10 years ago while going through a divorce part of the agreement was of course me giving her money. She was going to use some of this money to buy a house. While sitting in the loan officer's office explaining that the down payment would come from me for her house he needed to know where the money was coming from. I said my checking account. He asked me where the money came from. I said my checking account. He asked how the money got there. I said I've been working longer than you've been alive, what part of this don't you understand? I got a blank stare. When we came back to close on her house loan I had deposited the money into her account via a check I wrote. It was not a huge amount of money but certainly more than the 10K limit. The loan officer went into a panic because he did not have a paper trail for where this money came from. I just laughed. There was nothing he could do. I'm sure I'm on some government watch list because of this. And all I'm guilty of is having been employed since I was 15 years old. For something more fun, go to the store and pay for something with gold Sacagawea or Presidential dollars. Try using two dollar bills on anyone under 30 years old. It's always worth a laugh. Link to comment Share on other sites More sharing options...
Ramblin Gambler Posted November 18, 2018 Share Posted November 18, 2018 I thought those strips in paper currency were RFIDs, and all it took was an RFID reader to tell how much cash you had on you. That was supposedly how they detected large amounts of cash at airports. I have no idea where I picked that up, so don't ask. It was a number of years ago. Link to comment Share on other sites More sharing options...
sassnetguy50 Posted November 18, 2018 Share Posted November 18, 2018 23 hours ago, Dutch Nichols, SASS #6461 said: Marshall laws changed under the patriot act yes a 10 k ck will do it but also cash multiple checks and the bank will report you it’s federally mandated POst office will now report if you buy 3k in money orders Yes, 10k cash gets reported to the IRS. 5k cash in a week or suspiciously unusual activity for the individual gets a SAR filed. Link to comment Share on other sites More sharing options...
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