Man busted at JFK with over 3/4 million in cash

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Man Busted At JFK With $770K In Hidden Cash


05 Mar, 2015


Abdulkarim Altareb, 48, was busted while trying to board a plane to Qatar on March 1 with 770,000 in cash.
 

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Its illegal to board a plane with lots of money? I had no clue.

It's not illegal to board a plane with cash but you are supposed to declare the value if flying internationally if it exceeds a certain value. Helps fight tax avoidance/money laundering, etc.
 

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It's not illegal to board a plane with cash but you are supposed to declare the value if flying internationally if it exceeds a certain value. Helps fight tax avoidance/money laundering, etc.

Thanks for the clarification. Ill make sure to declare next time.
 

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10,000 is the max you can bring. Be careful of the exchange rate .......



Robert Docherty of Maple Ridge, B.C., knew any amount over $10,000 must be declared at the border when taking it out of Canada, and he purposely counted and calculated the exchange rate so the $9,880 U.S. and $335 Canadian he was packing were within that limit.
By the time he was boarding his flight to Costa Rica at Toronto’s Pearson International Airport two days later, however, the value of the U.S. dollar had risen slightly, pushing his tally over the $10,000 mark.
After a currency detector dog uncovered the cash and Canada Border Services Agents checked the Bank of Canada exchange rate that day in 2010, all of it was seized as suspected proceeds of crime.
Mr. Docherty has now lost his bid to get any of the money back.


http://news.nationalpost.com/2013/0...e-pushes-him-over-limit-to-take-from-country/
 
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10,000 is the max you can bring. Be careful of the exchange rate .......



Robert Docherty of Maple Ridge, B.C., knew any amount over $10,000 must be declared at the border when taking it out of Canada, and he purposely counted and calculated the exchange rate so the $9,880 U.S. and $335 Canadian he was packing were within that limit.
By the time he was boarding his flight to Costa Rica at Toronto’s Pearson International Airport two days later, however, the value of the U.S. dollar had risen slightly, pushing his tally over the $10,000 mark.
After a currency detector dog uncovered the cash and Canada Border Services Agents checked the Bank of Canada exchange rate that day in 2010, all of it was seized as suspected proceeds of crime.
Mr. Docherty has now lost his bid to get any of the money back.


http://news.nationalpost.com/2013/0...e-pushes-him-over-limit-to-take-from-country/

lol talk about a crime being committed
 

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10,000 is the max you can bring. Be careful of the exchange rate .......



Robert Docherty of Maple Ridge, B.C., knew any amount over $10,000 must be declared at the border when taking it out of Canada, and he purposely counted and calculated the exchange rate so the $9,880 U.S. and $335 Canadian he was packing were within that limit.
By the time he was boarding his flight to Costa Rica at Toronto’s Pearson International Airport two days later, however, the value of the U.S. dollar had risen slightly, pushing his tally over the $10,000 mark.
After a currency detector dog uncovered the cash and Canada Border Services Agents checked the Bank of Canada exchange rate that day in 2010, all of it was seized as suspected proceeds of crime.
Mr. Docherty has now lost his bid to get any of the money back.


http://news.nationalpost.com/2013/0...e-pushes-him-over-limit-to-take-from-country/


More than likely if he was trying to stay under that magic number he was up to some shady shit.
 

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so I can bring back $750k to hawaii if i win big in vegas?


Get it in a cashiers check, if its cash, make sure you have papers stating yours a professional gambler & you pay taxes on that money........the govt is always out to scam you out of your money.

I don't know how this clown thought he would get thru with 770k.......they have you walk thru & stand at cray machines now a days.
 

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