There's Money in Topps Rip Cards...Literally

[ND3]

Originally Posted by hockeyjunkie99

Good point...I'm not sure what the cap would be.....I guess I should call my g/f who works at a bank....lol

She is probably up to speed on the AMLs.

[hockeyjunkie99]

Originally Posted by ND3

She is probably up to speed on the AMLs.

WTF!!!....She wouldn't tell me because she can't. There is an amount but she won't tell me what it is. That $*%!.

She said if people knew what the amount was that they would do "structured deposits" which is illegal and that would make you look suspicious. You have to fill out forms if you deposit over a certain amount of money and it would include all your information. Just because its a certain aomunt of money though doesn't necessarilly mean that that is the cap.

[ND3]

Anti Money Laundering regs have tightened but I thought anything over 9999.99 was flagged. Also morons think you could have several (strucutred deposits) under that flag line and you are ok. Wrongo.

Originally Posted by hockeyjunkie99

WTF!!!....She wouldn't tell me because she can't. There is an amount but she won't tell me what it is. That $*%!.

She said if people knew what the amount was that they would do "structured deposits" which is illegal and that would make you look suspicious. You have to fill out forms if you deposit over a certain amount of money and it would include all your information. Just because its a certain aomunt of money though doesn't necessarilly mean that that is the cap.

[deuxmachinax]

Originally Posted by hockeyjunkie99

What state do you live in? Oh, California. I want to live there. You would think that state would one of the top states to keep tabs on peoples incomes with all that wealth floating around. Here in Florida anything over $600 has to be reported.

It's cool to live in California and all.. But Blowout takes 5 days to ship here. It's painful to wait that long

[Boo]

It's cash so who cares. Go buy a new TV with it or something.

[jacobbigshow]

Yea exactly its cash, there is no way for anybody to find out you won the money unless a real big shot....what are they could...account investigators? Cause you could just take the money and yea buy a tv, go out for dinner, go to a baseball game, I wonder if you would be able to use a $1,000 bill at bestbuy?

[dizzyduff13]

Originally Posted by hockeyjunkie99

WTF!!!....She wouldn't tell me because she can't. There is an amount but she won't tell me what it is. That $*%!.

She said if people knew what the amount was that they would do "structured deposits" which is illegal and that would make you look suspicious. You have to fill out forms if you deposit over a certain amount of money and it would include all your information. Just because its a certain aomunt of money though doesn't necessarilly mean that that is the cap.

One of my close friends works in the bank, he reviews the accounts for suspicious activity. He told me that anything over 10K has to be reported and is checked on by the bank. You can make a deposit of 9,999.99 and youd be ok.

[CaptainBOHICA]

Originally Posted by hockeyjunkie99

WTF!!!....She wouldn't tell me because she can't. There is an amount but she won't tell me what it is. That $*%!.

She said if people knew what the amount was that they would do "structured deposits" which is illegal and that would make you look suspicious. You have to fill out forms if you deposit over a certain amount of money and it would include all your information. Just because its a certain aomunt of money though doesn't necessarilly mean that that is the cap.

i know the exact amount too......and i know that the amount is actually lower than what most people think. (last i read anyways)

deposit over the *right* amount.. BAM.. guess who will be on the fed's radar.

[ifish73]

Did anyone think about if the money is encapsulated in a card. would you rip it open to spend or would the card automatically have a value greater than the bill itself because of its rarity.

[lkk116]

Originally Posted by hockeyjunkie99

WTF!!!....She wouldn't tell me because she can't. There is an amount but she won't tell me what it is. That $*%!.

She said if people knew what the amount was that they would do "structured deposits" which is illegal and that would make you look suspicious. You have to fill out forms if you deposit over a certain amount of money and it would include all your information. Just because its a certain aomunt of money though doesn't necessarilly mean that that is the cap.

Kind of lame she wont tell you. I used to work for a bank and the number is anything that is 10,000 in cash not checks deposited or recieved has to be reported and a CTR form is filled out. It is not just limited to 10,000 though, the bank employee has the right to fill out the same form if they feel a person is directly trying to avoid that form as in trying to put in 9,999.99 or 9,600 all the time. Best thing to do is if you make a big deposit or withdrawal is to take out 8,000 or so and that avoids any issues.