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2011-03-18 -Lurid Crime Tales-

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Posted by Fred 2011-03-18 00:00|| || Front Page|| [1 views ] Top

#1 I was told by a local bank teller that Wells Fargo has a "sucker formula", in which they automatically notify the police fraud unit if a person fitting certain profiles wants to withdraw more than a given amount of cash at once or in a short time. This is helped by the federal cash reporting rules of transactions over $12k, I think.

Typically, an older, unmarried or widowed person, who is evasive about what they plan to do with the money. About four out of five times it will be a scam in which they are being conned.

The teller said that if the police nail the con, they make it a point to tell Wells Fargo, which gives them the warm and fuzzies, oddly enough, for having done a customer a good deed.

Posted by Anonymoose 2011-03-18 10:30|| 2011-03-18 10:30|| Front Page Top

#2 IIRC, the limit in the USA for cash transactions is $10,000. Some banks apply drastically lower limits, though.

Posted by Anguper Hupomosing9418 2011-03-18 15:17|| 2011-03-18 15:17|| Front Page Top

#3 It's not really a limit for a cash transaction, just a reporting requirement above certain amounts. Which like everything else, is overly complex.

It is basically $10k, not $12k, though. $12k is the maximum gift amount that can be given tax free per year.

Posted by Anonymoose 2011-03-18 16:40|| 2011-03-18 16:40|| Front Page Top

#4 This is just sad. Everyone knows you should never give a man money until after you meet and make hot wild monkey love. Gotta know he's good for something. Especially Englishmen.

/Seriously, who is this stupid?

Posted by RandomJD 2011-03-18 18:44|| 2011-03-18 18:44|| Front Page Top

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