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Thread: SpiderMan: $$Belt or Safe Deposit Box?

  1. #14
    SpiderMan
    Guest

    SpiderMan: Re: Parker

    I read in BJ Wisdom, that if u carry lots of cash to the US and u don't report it to the airport security and they find out, the $'s history. Is this true?

    If so, should I fill in that "stupid" form on the plane?

  2. #15
    Parker
    Guest

    Parker: Re: Parker

    > Just wondering how you knew the 20K number?

    Personal experience. I can also tell you that two bundles of $10K in different areas on your body is okay. So somewhere between $10K and $20K is a threshold.

    Simply turning half of the $20K bundle so that the metalic strips are not all lined up may do the trick, but the TSA guy didn't seem to be in a mood to let me experiment. :-)

    Also, I don't know a great deal about the wands themselves. There may be more than one type, and some may be more sensitive than others. The sensitivity may even be adjustable.

  3. #16
    Parker
    Guest

    Parker: Re: Parker

    > I read in BJ Wisdom, that if u carry lots of
    > cash to the US and u don't report it to the
    > airport security and they find out, the $'s
    > history. Is this true?

    > If so, should I fill in that
    > "stupid" form on the plane?

    If you are entering or leaving the USA with more than $10K in cash (US currency or foreign equivalent), you must declare the cash by filling out a US Customs form 4790. If you don't and they find the money, it is not necessarily "history," but you will have to go through huge hassle in order to get it back.

  4. #17
    Don Schlesinger
    Guest

    Don Schlesinger: Re: Parker

    > If you are entering or leaving the USA with
    > more than $10K in cash (US currency or
    > foreign equivalent)"

    And, it doesn't have to be just cash; it can be cash equivalents, such as traveler's cheques.

    Also, you can't avoid the $10,000 requirement by splitting the money with, say, your wife. Someone who knowingly transmits the money for you is considered to be an extension of yourself.

    Don

  5. #18
    WallStRunoff
    Guest

    WallStRunoff: Re: Parker

    > And, it doesn't have to be just cash; it can
    > be cash equivalents, such as traveler's
    > cheques.

    > Also, you can't avoid the $10,000
    > requirement by splitting the money with,
    > say, your wife. Someone who knowingly
    > transmits the money for you is considered to
    > be an extension of yourself.

    > Don

    Thats very helpful. I ussually leave with 9k but my winnings send me over. I'll have to change my ways.

  6. #19
    Don Schlesinger
    Guest

    Don Schlesinger: Re: Parker

    > Thats very helpful. I ussually leave with 9k
    > but my winnings send me over. I'll have to
    > change my ways.

    Remember: This is for leaving or re-entering the U.S. only. Within the U.S., there are no restrictions.

    Don

  7. #20
    pete
    Guest

    pete: Re: Parker

    > I have read (in Bringing Down the House?) that if you are carrying too much cash within the US, they may confiscate your cash at the airport, because of the possibility of money laundering or drug dealing.
    Is this true? And how much is too much?

  8. #21
    SpiderMan
    Guest

    SpiderMan: Question for Parker/Don

    > Applying for credit at a casino isn't much
    > different from applying for credit anywhere
    > else. You fill out a form, supplying bank
    > account numbers, etc. Assuming that your
    > bank balance is sufficient and nothing
    > negative turns up with Central Credit (a
    > credit reporting agency used by casinos),
    > then your line of credit is approved.

    > Front money is even simpler. You make a cash
    > deposit at the cage, just like depositing
    > money in a bank, or you can arrange for your
    > bank to do a wire transfer, thus avoiding
    > traveling while carrying a large sum of
    > cash.

    > When you sit down at the table, you simply
    > hand your players card to the pit critter
    > and request a marker for $500, $1000, or
    > whatever. You are given the chips and you
    > start playing. At some point they bring you
    > the actual "marker" to sign. It
    > looks like a check, and in the case of a
    > credit line, functions like one. If you
    > don't pay off the marker before you leave,
    > they deposit the marker and your bank treats
    > it like a check.

    > All this can be quite convenient, and
    > eliminates the necessity of carrying around
    > large amounts of cash.

    > The downside is that you cannot play
    > anonymously, or under another name. Also,
    > the casinos take a dim view of someone
    > taking out a marker, playing a few hands,
    > and heading for the casino down the street.

    If u have already deposited front $ or established credit in Casino A, for example, can u pull your $ out in Casino B?

  9. #22
    Don Schlesinger
    Guest

    Don Schlesinger: Re: Parker

    > Is this true? And how much is too much?

    I can't really answer that. Times have changed. The law states that you may carry unlimited funds in the U.S. But the Patriot Act probably supersedes anything that came before. So now, if they stop you, you'll have to explain what you're doing with all the money. It would probably help to have tickets to or from Las Vegas! :-)

    Don

  10. #23
    mr bojangles
    Guest

    mr bojangles: Re: Parker

    > Personal experience. I can also tell you
    > that two bundles of $10K in different areas
    > on your body is okay. So somewhere between
    > $10K and $20K is a threshold.

    > Simply turning half of the $20K bundle so
    > that the metalic strips are not all lined up
    > may do the trick, but the TSA guy didn't
    > seem to be in a mood to let me experiment.
    > :-)

    > Also, I don't know a great deal about the
    > wands themselves. There may be more than one
    > type, and some may be more sensitive than
    > others. The sensitivity may even be
    > adjustable.

    The sensitivity on the walk through barriers is adjustable, I guess it is only reasonable to assume the same for the wands.

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