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originally posted by: eXia7
He will probably lose all his money trying to sue them. The government has written it into law to report people making large cash deposits and withdraws. Its all a part of the effort to stop drugs n terrorism. Right.....
You can't take 200k out of a bank and not be flagged by the bank and police.
originally posted by: Tompdx3
i'm sorry, but what a load of bs! He should sue the bank and the over the top employee who was totally out of line. You are wrong on your rules!! It's not like that in this country yet.a reply to: Bluntone22
Federal law allows you to withdraw as much cash as you want from your bank accounts. It's your money, after all. Take out more than a certain amount, however, and the bank must report the withdrawal to the Internal Revenue Service, which might come around to inquire about why you need all that cash
originally posted by: Grimpachi
a reply to: JDmOKI
You can't take 200k out of a bank and not be flagged by the bank and police.
Fine it should be flagged I know that's the law, but why throw the person down at gunpoint and confiscate his money?
Why process his money as evidence? What was the charge, crime, evidence for what? Is it evidence that he took money out of his account?
What a crap system.
The only way this man can have a lawsuit against the bank is if the bank called the police directly.
It happened at the Wells Fargo on the corner of Peachtree Drive and Piedmont Road. Atlanta Police said officers were requested at the location by the bank manager.
originally posted by: infolurker
Here is a good one. Police take down a man after he withdrew $200,000 of his own money from a bank. After the dust settles, he is cleared of any wrongdoing but the police still seize half his money???
originally posted by: Bluntone22
He had to give the bank at least 24 hrs before withdrawing that much cash. Probably more time than that. They don't keep that much money in the vault just laying around.
Also anything over $5k is reported to the govt as suspicious activity.
originally posted by: tsurfer2000h
a reply to: Bluntone22
The only way this man can have a lawsuit against the bank is if the bank called the police directly.
Well then he is in for a good lawsuit...the bank manager called the police.
It happened at the Wells Fargo on the corner of Peachtree Drive and Piedmont Road. Atlanta Police said officers were requested at the location by the bank manager.
www.fox5atlanta.com...
originally posted by: game over man
originally posted by: Bluntone22
He had to give the bank at least 24 hrs before withdrawing that much cash. Probably more time than that. They don't keep that much money in the vault just laying around.
Also anything over $5k is reported to the govt as suspicious activity.
5K? Ha You can enter in the US with $10,000 cash no questions. Can't imagine $5,000 withdrawal is sent to the government as suspicious activity. That is not that much money.