What to do with 100k€ physical cash? No valid sources.

[JimBeam]

It's interesting how this woman entered the country 20 times with ~400k in cash (declaring it) and it was not a problem until 21st time she got robbed in the street and than the police opened the case against her for money laundering LOL.

So the lesson here kids is: "if you launder money - try not to get caught" LOL

Dandyline said:
Use it for daily spendings.
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This is the good advice but on 100k it may take a lot of time to do it. If a person spends 2k month it's 50 months - 4+ years. Nobody got time for that!

I would stay away from watches most of these are declining assets right now. Especially if you're not already involved already had have some experience.

 

[Martin Everson]

JimBeam said:
It's interesting how this woman entered the country 20 times with ~400k in cash (declaring it) and it was not a problem until 21st time she got robbed in the street and than the police opened the case against her for money laundering LOL.
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I think the customs officers worked out a quick way to make money i.e "She is exiting the airport now wearing a a pink dress" 😉

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[wellington]

thelastone77 said:
Hi there, it´s such an interesting forum!

hypothetically,

100k€ in physical cash.
can´t prove where its from.
it´s a one time thing, no more money coming.

would like to invest, to generate ongoing returns.
spending is not an option.
relocating from Germany is not an option.


something like a small Airbnb somewhere?

thanks and sorry if it is just a lunatic question!
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Probably what they did in India - throw on the streets if can't be spent - and spending 100k euro in cash will raise eyebrows

 

[bizman]

JimBeam said:
It's interesting how this woman entered the country 20 times with ~400k in cash (declaring it) and it was not a problem until 21st time she got robbed in the street and than the police opened the case against her for money laundering LOL.
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how is it possible so many times without to get checked by customs

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The reason to fail while you try to setup your business offshore....the guide that helped me setup my offshore company.

Wiseman sayings - May the gifts of three wise men fill your home with prosperity.

 

[Marshal]

bizman said:
how is it possible so many times without to get checked by customs
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Using 500 banknotes not that difficult to hide.

 

[jafo]

JimBeam said:
It's interesting how this woman entered the country 20 times with ~400k in cash (declaring it) and it was not a problem until 21st time she got robbed in the street and than the police opened the case against her for money laundering LOL.
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The cops robbed her. Simple as that! It isn't the first, nor the last!

JimBeam said:
This is the good advice but on 100k it may take a lot of time to do it. If a person spends 2k month
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If paid in cash, my monthly expenses can easily reach €10K””and it will NOT raise any eyebrows! 😉

That's €333.33/day.

A two-day retreat at Thermes Marins Monte-Carlo would blow that daily expense twice!

I'm NOT even counting dinner for two. 😳

Last edited: Jun 4, 2024

 

[Sols]

JimBeam said:
It's interesting how this woman entered the country 20 times with ~400k in cash (declaring it) and it was not a problem until 21st time she got robbed in the street and than the police opened the case against her for money laundering LOL.

So the lesson here kids is: "if you launder money - try not to get caught" LOL
Click to expand...

IIRC, the latest updates in that case points towards the robbery being arranged by the victim and a friend. Possibly a money mule trying to pull a fast one on their bosses.

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This is the probably the answer to your question.

 

[JimBeam]

bizman said:
how is it possible so many times without to get checked by customs
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She declared it each time. No issues with the customs. The second article has all the balances she declared.

Marshal said:
Using 500 banknotes not that difficult to hide.
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Yeah, but risky. She declared it so no need to hide it from the customs.

jafo said:
The cops robbed her. Simple as that! It isn't the first, nor the last!


If paid in cash, my monthly expenses can easily reach €10K””and it will NOT raise any eyebrows! 😉

That's €333.33/day.

A two-day retreat at Thermes Marins Monte-Carlo would blow that daily expense twice!

I'm NOT even counting dinner for two. 😳
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No the point is not to burn the cash. The point is to pay most of your monthly expenses with cash and to keep your salary in the bank account. So you spend the "dirty" money while keeping the clean in the bank account.

Sols said:
IIRC, the latest updates in that case points towards the robbery being arranged by the victim and a friend. Possibly a money mule trying to pull a fast one on their bosses.
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What a twist!

 

[jafo]

JimBeam said:
The point is to pay most of your monthly expenses with cash and to keep your salary in the bank account. So you spend the "dirty" money while keeping the clean in the bank account.
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Don't do that unless you live with your (wealthy) parents. Banks have software for that. In the late 1970s and 80s, this was very common in Miami, so banks created software for that. People snitched inadvertently on themselves. stupi#21

PS. I knew a few people I "worked" with (we were NOT colleagues) who got busted this way. hi%#

 

[Dandyline]

jafo said:
The cops robbed her. Simple as that! It isn't the first, nor the last!


If paid in cash, my monthly expenses can easily reach €10K””and it will NOT raise any eyebrows! 😉

That's €333.33/day.

A two-day retreat at Thermes Marins Monte-Carlo would blow that daily expense twice!

I'm NOT even counting dinner for two. 😳
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Yes, 100k would suffice for 3-4 months as pocket change, or 3-4 weeks for vacation.

 

[AtlasShrugged]

High class escorts are like 300 eur an hour, so I don't see what OP is waiting for.

 

[JackAlabama]

AtlasShrugged said:
High class escorts are like 300 eur an hour, so I don't see what OP is waiting for.
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indeed, and germany has a well developed "entertainment" industry.

 

[dany]

TheCryptoAnt said:
Most things we talk about in this forum only happen in Minecraft, officer
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Yeah it's a fun game to play

 

[daniels27]

But 100k. I have seen people storing more like 1M in cash and watches in bank safes. If 100k, you can just use the money to pay for your vacation and good.

 

[Marshal]

daniels27 said:
But 100k. I have seen people storing more like 1M in cash and watches in bank safes. If 100k, you can just use the money to pay for your vacation and good.
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Yeah, don't get what the fuss about. €100k is like 500 banknotes in 200 EUR. And those notes are accepted virtually everywhere in Europe.