From the article below: "He is charged with concealing more than $10,000 in his luggage, which carries a maximum penalty of five years in prison, the Detroit Free Press reported."
If I was carrying $10,000, I would certainly hide it for fear of being robbed. Why is carrying and hiding money a criminal offense? I think this law is absolutely appalling.
Is it a crime to carry gold bullion?
http://www.breitbart.com/news/2006/11/16/D8LE7F981.html
2006-11-16 02:10:31 · 9 answers · asked by psychosolodiver 6 in Politics & Government ➔ Law & Ethics
The TAX MAN! he wants to know! also you cant deposit that amout 10K without file of a HTU Tax Form we have to trace and keep an eye out on our dollars
That law was written Jan 5th 1938
2006-11-16 02:14:38 · answer #1 · answered by gallagher g 4 · 2⤊ 0⤋
Most often, these types of laws are designed to prohibit smuggling or drug trafficking. Hiding large amounts of cash like that can sometimes indicate that something shady is going on.
The key word here is CONCEALING. You have to declare such a large amount of cash. If what you are doing with it is legit, you shouldn't have a problem declaring it. You can always request to go to a private room to be searched or fill out forms if you are afraid of flashing the cash around.
2006-11-16 10:17:33 · answer #2 · answered by CincyJen 2 · 0⤊ 0⤋
I would say that either they busted him for a criminal intent to use that money, or that they have a law on the books that disallows a certain amount of money (in cash) to be carried. They might have that law on the books in the spirit of knowing that most people who carry that much cash around are probably intending it for ill purposes.
2006-11-16 10:15:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It's illegal because he was traveling internationally. The governments can't stop crime if you're allowed to carry tens or even hundreds of thousands of dollars in cash between countries. It also keeps people from avoiding the IRS. (Of course the Fair Tax would solve that problem, but that's another topic.)
The man was also detained because he's setting off warning bells about being a terrorist.
2006-11-16 10:14:13 · answer #4 · answered by FozzieBear 7 · 3⤊ 0⤋
It is illegal to try to take cash out of the US without declaring it - which is what he was trying to do.
And the article says that he declared $18,000 of it, but a drug dog alerted on cash that had traces of drugs on it, and they found the additional $60,000 hidden in a compartment in his suitcase.
The suspect is a Nigerian national, and they are notorious for scams and money laundering.
Put out all the facts next time you ask a question, please.
2006-11-16 10:17:24 · answer #5 · answered by Anonymous · 0⤊ 0⤋
it is not illegal to carry cash
it is illegal to not declare that you are carrying cash
and you are not allow to carry a too high amount due to interantional and america trade laws.
2006-11-16 10:18:38 · answer #6 · answered by besos 4 · 0⤊ 0⤋
because the IRS thinks you're hiding the money to avoid paying taxes even tho theoretically you've payed it, (unless it's drug or illegal money).
2006-11-16 10:32:05 · answer #7 · answered by mstrywmn 7 · 0⤊ 0⤋
The article below will tell you why...
2006-11-16 11:59:38 · answer #8 · answered by Anonymous · 0⤊ 0⤋
money laundering
2006-11-16 10:18:00 · answer #9 · answered by Anonymous · 0⤊ 0⤋