Safe deposit Boxes raided

Safe deposit Boxes raided

news.bbc.co.uk

Six suitcases packed with suspected gold dust and about £30m in cash has been found during searches of safety deposit centres in London, police say.
Detectives also found drugs such as heroin and coc aine, paedophile material and forged passports and credit cards.

(visit the link for the full news article)

What do you all think of this? I didn't realize police can simply raid safety deposit boxes, especially in a sweep like this? Anyone have any more information?

news.bbc.co.uk
(visit the link for the full news article)

I don't know about UK, but here in the US my aunt had hers frozen with all her accounts. My name was on the box with her. Her husbands son falsely accused her of stealing over $60,000. If anybody got the money it was him, all you would have to do is look at his police record.

If I trusted a bank enough to store anything of real value in a safe deposit box I sure as hell would be emptying it right now.

Maybe this is designed to hurt banks even more and bring about economic collapse?

No this was acrooked company for crooks.

The owners are in Police Custody at the minute and the police are sure that nearly 95% of all articles within are stolen property.

genuine people with genuine articles have a police contact number to ring, proof of ID and a reipt or such proof and the article gets given back right away.

This is the tip of the iceberg, the operation has other crooked deposit box owners in its sights.

I would never ever put anything of value in a safety deposit box. You are better off hiding stuff, or putting it underground, way underground.

Originally posted by Snap
If I trusted a bank enough to store anything of real value in a safe deposit box I sure as hell would be emptying it right now.

Maybe this is designed to hurt banks even more and bring about economic collapse?

before i start let me state this isnt directed soly at you, just an example.

drugs, gold dust, £30m, child porn and fake identies.
also im sure they were investigating the guy for some time. its not like they just chose a random person and said "gee, for no reason at all lets raid this mans safe boxes. oh wow look what we found."


and you guys are freaking out about this safe deposit boxes being raided?

im completely dumb founded by these statements, and find them to be laughable. the guy is a drug dealer and a crook and a pervert. its obvious. he desierved what he got and hopefully they will lock him up for the rest of his worthless life........


[edit on 15pmu102007 by DaleGribble]

Ahhh, but what you need to look at is the public's perception of the matter. Go read Digg and reddit or any site where you can see the public's reaction to this. It is almost universal distrust of the bank's ability to safeguard your property in the comments.

As they say, tell people a bank is going broke and people will take out their money; Soon the bank *is* broke.

reply to post by DaleGribble


Oh really Dale??? Then how do you explain this.

Not-So-Safe-Deposit Boxes: States Seize Citizens' Property to Balance Their Budgets

San Francisco resident Carla Ruff's safe-deposit box was drilled, seized, and turned over to the state of California, marked "owner unknown."

"I was appalled," Ruff said. "I felt violated."

Unknown? Carla's name was right on documents in the box at the Noe Valley Bank of America location. So was her address -- a house about six blocks from the bank. Carla had a checking account at the bank, too -- still does -- and receives regular statements. Plus, she has receipts showing she's the kind of person who paid her box rental fee. And yet, she says nobody ever notified her.

"They are zealously uncovering accounts that are not unclaimed," Ruff said.

To make matters worse, Ruff discovered the loss when she went to her box to retrieve important paperwork she needed because her husband was dying. Those papers had been shredded.

And that's not all. Her great-grandmother's precious natural pearls and other jewelry had been auctioned off. They were sold for just $1,800, even though they were appraised for $82,500.

"These things were things that she gave to me," Ruff said. "I valued them because I loved her."

So members are freaking out over nothing huh. Ya when the state snags YOUR box and sells the stuff in it for pennies on the dollar, im sure you will feel the same. Maybe the members "freaking out" about it know more than you do.

Im not saying this guy didnt deserve it, im saying thinking your stuff is safe in a safe deposit box is false hope, hey kinda like giving up liberty for security. (tongue in cheek sarcasm)

Silver



[edit on 8-6-2008 by S1LV3R4D0]

This is different.


Every single article is logged and placed into a Police secured vault.

The police are making every effort to trace owners of peoperty that is genuine and legal.

Drugs, guns, explosives, child porn, gold dust and fake passports are not legal.

This is the result of three years hard work, and the police are lined up for more raids soon.

San Francisco resident Carla Ruff's safe-deposit box was drilled, seized, and turned over to the state of California, marked "owner unknown." Unknown? Carla's name was right on documents in the box at the Noe Valley Bank of America location. So was her address -- a house about six blocks from the bank. Carla had a checking account at the bank, too -- still does -- and receives regular statements. Plus, she has receipts showing she's the kind of person who paid her box rental fee. And yet, she says nobody ever notified her.

abcnews.go.com...

Watch for the spin that accompanies the attack on your freedoms! Do you really think that they would start seizing hard assets without a cover? Banks ARE the Problem. Do not trust them with your Savings.

It's not like they're opening random safe deposit boxes. According to the article the institutions in question are fronts for organized crime. It is here that the proceeds of the criminals' activities are stored. I wouldn't be surprised if money laundering was also part of their services.

It is not unheard of. In Miami during the late 70s and 80s, when the rest of the country was in a recession, there was a bank on every block. Most were set up solely to launder the enormous sums of money coming in from coc aine trafficking.

Originally posted by Snap
Ahhh, but what you need to look at is the public's perception of the matter. Go read Digg and reddit or any site where you can see the public's reaction to this. It is almost universal distrust of the bank's ability to safeguard your property in the comments.

As they say, tell people a bank is going broke and people will take out their money; Soon the bank *is* broke.

i dont know weather to laugh or cry. i have a safe deposit box. i have no problem with the police raiding my bank to catch a drug dealing Pedafile. if the man just had some papers and some jewlry i would be outraged. but drugs and kiddie porn. think about what you are saying. this is a prime example of just how well the banks are protecting their costmers...

Originally posted by TheComte
It's not like they're opening random safe deposit boxes. According to the article the institutions in question are fronts for organized crime. It is here that the proceeds of the criminals' activities are stored. I wouldn't be surprised if money laundering was also part of their services.

It is not unheard of. In Miami during the late 70s and 80s, when the rest of the country was in a recession, there was a bank on every block. Most were set up solely to launder the enormous sums of money coming in from coc aine trafficking.

No they are opening EVERY SINGLE BOX in the three banks whom were targetted.

If you are innocent they will speed your stuff back to you. It took a lady about two hours after the raid to get her passport and diamond rings back from her wedding.

As they said, the crooks will be the ones not coming forward.

reply to post by Dan Tanna


Yes, I know. Because the banks in question are fronts for organized crime. They're not opening every singly safe deposit box in the whole city, is what I meant.

reply to post by S1LV3R4D0


sorry i missed your post responding to another.

im not saying it dosent happen. i just think that the orignal post was a poor example.

now the article you posted is *snip* up. i agree 100%.

Oh I do apologise.


No your right. Its a criminal front and a nasty one at that.

Will be interesting to see if they release what they find in the 20 foot by 20 foot walk in vaults.

reply to post by Dan Tanna


well those big vaults could be just like when Geraldo found haffas vault.

one never knows the secrets that people hold in those sort of things. but i would go out on a limb and say most of it is benign, but ive been wrong before..

reply to post by deepwoods


"" Safe deposit Boxes raided ""

the article said absolutely nothing about why they were there and most importantly was on WHOSE AUTHORITY

did this violation of personal property take place?!?!


There must be a legal term for this...



also

" the operation has other crooked deposit box owners in its sights. ""


oh really? do you really think they're gonna inspect the bank of england?

[edit on 8-6-2008 by toasted]

95 % of all the stuff opened so far has been of a criminal nature.

their are bomb squad dogs there too making sure the officers are not opening booby trapped devices.

This is a hardcore operation and will go on for some time.