http://news.yahoo.com/blogs/sideshow/student-returns-half-billion-dollar-check-213623198.html I think if that was me, I would take a shot at keeping it. I would buy a 30 year t-bond with the $690 million and wait for the government to come looking for it and say "Hey, I was helping keep interest rates low for you guys...here is the bond with the full $690 million back. It took you guys long enough to come get it...i must have called you guys 10 times(a lie)" Meanwhile, I'm collecting $54k per day in interest on that 30 year. =D If they try to prosecute, just claim temporary insanity. No jury would convict.
No bank would send it through the Fed for clearing. They're told to contact a Treasury 800 number. A friend of mine got a check for something like 2.3MM and deposited it. He never heard from the Treasury, but the credit was never available and it went back to his correct balance after a week. He did attempt to wire it into his trading account, no go.
aww, shucks! Guess that student heard the same thing. Maybe thats why he was so "honest". Thought "well, if i cant get the money, at least I can get on TV for being "honest"
I send him money becaues his daddy served? Do not mistake me for being anti American, but that is another example of losers becoming policy makers.
Jesssuuuusss.. Of Course Don't Cash.. It... ................re-Rehypothecate It... :eek: When They Ask... WTF ? Just Say... Its Your Corzine Strategy... How can they convict ?
excellent example of how gvt handles your money. that's what they called accountability how about some "filters"."flags"? how about some "precautionary settings(IB's language)?" here is another fine example of gvt(IRS!) accountability: http://www2.tbo.com/news/news/2012/...ed-in-tax-fraud-sweep-for-second-t-ar-505927/ http://www.bizjournals.com/tampabay.../feds-fight-back-against-tampa-tax-fraud.html once again-how about some filters? flags? even i have them in my little retail trading..is it so f** hard?
If they try to prosecute, just claim temporary insanity. No jury would convict. ------------------------- The gov sent a friend of mine 800k by mistake. He cashed the check and hid the money and ended up in jail for 2 years for attempting to impede a federal audit.
400,000/yr for sitting in the can is not bad if he didn't return the money. did he return the money or part of it?
This has to be the greatest heist ever. http://money.cnn.com/2012/10/12/news/economy/100-bill-theft/index.html?hpt=hp_t3 "Unknown thieves stole a "large amount" of newly-designed $100 bills bound for a Federal Reserve facility in New Jersey on Thursday, the FBI said. Frank Burton, Jr., spokesman for the FBI's Philadelphia division, said the theft occurred at some point between when the shipment of bills landed at the Philadelphia airport on a commercial flight from Dallas at 10:20 Thursday morning, and when the shipment reached its New Jersey destination around 2:00 p.m., when the courier service transporting the bills reported some missing. Burton declined to comment on the amount taken, but said it was substantial."
400,000/yr for sitting in the can is not bad if he didn't return the money. did he return the money or part of it? -------------------------- He returned the money and got his charges reduced to 2 years in jail on a plea bargain. His lawyers fee was $75,000.00.