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UncleMeat 7 months ago

There's a rather famous court case about civil asset forfeiture involving somebody who had just closed on their house for cash. Cops stopped the car, decided the money was dirty, stole it.

Carrying a ton of cash is unusual, but does really happen.

coolspot 7 months ago | parent | next [-]

Maybe it was happening in the past, but nowadays you can’t really sell a house for paper cash. Title & Escrow companies will require settled money on a verified checking account from a buyer and they will not deliver you duffel bag of cash - they will deposit into an account of your choice.

tptacek 7 months ago | parent | prev [-]

Yes: this definitely happens. I'm not making a broader argument about the legitimacy of civil asset forfeiture.

UncleMeat 7 months ago | parent [-]

The key point in my comment is "closed on their house for cash." It isn't unheard of to carry around such a massive pile of cash even if you aren't a drug dealer.

mikeyouse 7 months ago | parent [-]

The end of this particular story was "charged with several felonies, plead guilty and received probation" so it's safe to assume this cash wasn't a civil asset forfeiture, and certainly wasn't from the sale of a house.

zoklet-enjoyer 7 months ago | parent [-]

They charged him with money laundering. He plead guilty to attempted money laundering. I don't know the exact laws he was charged with breaking.