03-06-2007, 04:34 PM
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#4 (permalink)
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| Senior Member
Join Date: Jan 2007
Posts: 293
| Quote:
Originally Posted by Antiventurecapital Has anyone considered the practical considerations of simply manifesting $1 million out of thin air?
Until recently, the banking laws required that every deposit of $10K or higher be reported to the government. Under the Patriot Act the amount has been lowered to $5K. I think.
So imagine what would happen if $1 million suddenly appeared in your bank account or you arrived at the teller's cage with it in a bag.
Think of all the alarm bells that would go off.
Luceee, you godda lotta 'splainin' to doooooooo.  | Literal much?
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