Ok, so I have a friend that won a poker tourney and a pretty big parlay and is up over $40k in an online betting site. He has cashed out over $30k so far and is getting checks in increments of $3k. What is the best way for him to cash these checks without any problems? Is it even a problem or can he go to the bank over and over again with these checks without raising red flags?
Do a bank wire.
It is pretty costly but you can get all the money out on 1 shot.
Only way to do it without a bunch of transactions.
A bunch of little transactions of the same amount raises a bigger flag then 1 big transaction.
Besides pay the taxes and no worries.
With bovada you can only do 10K at a time but its only 50
It is pretty costly but you can get all the money out on 1 shot.
Only way to do it without a bunch of transactions.
A bunch of little transactions of the same amount raises a bigger flag then 1 big transaction.
Besides pay the taxes and no worries.
With bovada you can only do 10K at a time but its only 50
Well bookmaker charges a fortune for wires but bovada only charges $50 but you can only do a max of $9500 so he can do 3 wires for $150
bookmaker charges $700 for 30K but you can wire up to 50K in one transaction.
Bovada only charges $50 but you can only do $9500 at a time.
3 wires or 10 checks.
just pay your taxes so you can sleep at night.
You will not get into any legal trouble unless you don't pay the taxes.
