Moving Funds

My partner and I deliver cars from Cali to places in the East and every thing has been going fine with that for the last year to 14-months. The problem we have is that the cars we have been delivering in the last 4-5 months have been of better quality and we are having to fly home with larger and larger amounts of cash. Does anyone have advice on the best ways to do that? We are now usually over $15k and are wadding up the money in pockets or in corners of the bag, but wonder what the geniuses at TSA can see. Also, any times or airlines to stay away from? We usually fly to San Fran.

Thanks.

Why not mail it to yourself? Wrap it in tin foil and vacuum seal and get delivery confirmation. There's actually nothing illegal about sending cash in the mail, USPS just discourages it. My buddy get 5-10K mailed to him regularly and has his people prep it like I mentioned and he's never had a problem in at least a decade. I'd personally break it up into 3 parcels of 5K.

And is car the new slang word for weed. You kids and your jive talk, ha ha.

Get a us bank like bank of America wells fargo and just put imto bank amd have it anywere. I believe those banks are national banks

If you don't want any paper trail and you don't want to carry it on your person, money in the mail is the only anomious way besides maybe using MoneyGram without an I.D. if they still let you do that. I think MoneyGram only lets you send 7K at a time and it cost a few hundred bucks per wire transfer, but that could work. I'd call them first to see if they'll still let you send and receive money without I.D. if you don't want a paper trail.

Thanks for the advice. Dude - our cars are clean, no rust and have a lot of options that other cars don't have! We have a bill of sale on company letter head, title, everything. I guess our deal is we like to to have the cash with us. We looked into mail or FedEx but neither was perfect (yeah, what is). We fly back, usually from E-coast but sometimes from Ohio. Just trying to figure if theres anything in our strategy that needs improvement. We're dressed well, clean shaven, shined shoes (my partner was in the military). We look good. Anything to avoid? Any airlines with a bad rep? Just trying to stay on the 'straight' side.

anzohaze said:

Get a us bank like bank of America wells fargo and just put imto bank amd have it anywere. I believe those banks are national banks

Click to expand...

Get a bank? Im pretty sure the IRS is gonna want to know about this

JackHererSki said:

Get a bank? Im pretty sure the IRS is gonna want to know about this

Click to expand...

If it was a legit bussiness put it in get home take it out

dont fly with cash! Tsa will seize it and no matter what paper work you have and you will have to fight to get it back.

stop stealing cars

Just nut it

Flying is crazy sketch now a days, mail it like said...

Car shipping companies and nice cars is perfect way to transport cross country with couple false bottoms on one of cars. Make your money on sale of that car in one trip and then use car for more deliveries.

Ive been where your at right now & if you want to leave as small a paper trail as possible then here is what we did & we did it with the help of the government,we used US Postal money orders & mailed them to a PO Box,uspo money orders are cashable at ANY post office & you can put $1,000 on each money order.

The uspo does have their computers look for people cashing $10k & above & looking for people who cash alot of $1,000 mo's but thats easy to work around,lets say you have $29k to move you get 3 trusted friends & put $9k in each persons name,then you take them to 2 seperate branches cashing $5k at 1 then the rest at another & pay them $50 bucks a money order,it'll cost ya $1,400 to move $29,000 & the post office dose not report to the IRS or any bank watchdog groups,only homeland security & if you use different friends each run you will never pop up on a list or be audited by the irs because the computers dont pick up any patterns.

Ive cashed $9 grand at a whack at the post office many times & they've never not had enough cash on hand or gave me any shit,plus their money orders are super easy to recover should they be lost in transit & only reqiure 1 form of ID to cash.

Been there n done that & it works like a charm.

If you are on a domestic flight in the US, there is no limit to the amount of cash or monetary instruments that you can carry. However, the Transportation Security Administration may ask a passenger who is carrying a large sum of cash to account for the money. If the Transportation Security Administration suspects that the money is related to some kind of criminal activity such as drug trafficking or money laundering, they may turn the issue over to a law enforcement agency (the Transportation Security Administration has no law enforcement powers). Big grey area in relying on the TSA to make this determination. Any thoughts or connections to convert $$ to quality gemstones?

Ive been where your at right now & if you want to leave as small a paper trail as possible then here is what we did & we did it with the help of the government,we used US Postal money orders & mailed them to a PO Box,uspo money orders are cashable at ANY post office & you can put $1,000 on each money order.

The uspo does have their computers look for people cashing $10k & above & looking for people who cash alot of $1,000 mo's but thats easy to work around,lets say you have $29k to move you get 3 trusted friends & put $9k in each persons name,then you take them to 2 seperate branches cashing $5k at 1 then the rest at another & pay them $50 bucks a money order,it'll cost ya $1,400 to move $29,000 & the post office dose not report to the IRS or any bank watchdog groups,only homeland security & if you use different friends each run you will never pop up on a list or be audited by the irs because the computers dont pick up any patterns.

Ive cashed $9 grand at a whack at the post office many times & they've never not had enough cash on hand or gave me any shit,plus their money orders are super easy to recover should they be lost in transit & only reqiure 1 form of ID to cash.

Been there n done that & it works like a charm

BarnBuster said:

If you are on a domestic flight in the US, there is no limit to the amount of cash or monetary instruments that you can carry. However, the Transportation Security Administration may ask a passenger who is carrying a large sum of cash to account for the money. If the Transportation Security Administration suspects that the money is related to some kind of criminal activity such as drug trafficking or money laundering, they may turn the issue over to a law enforcement agency (the Transportation Security Administration has no law enforcement powers). Big grey area in relying on the TSA to make this determination. Any thoughts or connections to convert $$ to quality gemstones?

Click to expand...

See that grey area is allways viewed as "illegally obtained funds" by the LEO on the scene,they view our right to carry & transport cash as being at their personal discretion ,law enforcement has proven time & time again to seize all cash then make the citizen prove it isnt illegal funds,the system costs money & is a slow process where they know the odds are in their favor of never returning the money.

Thanks for all the tips. My partner actually got stopped and talked to by some cops in a city in Virginia last week. He only had 6 and they let him keep it but they went through all of his stuff. Last question, are there any airlines that are better or worse? We try to fly cheap but would adjust if there was a reason.

I don't think there is a difference in airlines, as they don't run the security checkpoints. I live in Canada, and have flown both ways (to US and back) with just a tad under $10k, no questions asked. This was in the last year. I had to deal with customs though, but as long as you don't have more than the $10k on the declaration card, it was no issue.

Now, flying domestically every few weeks with just under $10k and you might get flagged as suspicious if they count it a few times.

Why not stash $50-$100k in a safe deposit box, then drive coast-to-coast a few times per year with the bulk across two vehicles?

-spek

Perfect - thanks for the tips and ideas.