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#216679 - 07/29/08 08:42 AM man exchanges 5.2 million muddy decomposed dollars
terzaghi Offline
connoisseur

Registered: 04/04/07
Posts: 4848
Loc: Tulsa, Oklahoma
"The businessman arrived at the Treasury Department carrying a suitcase stuffed with about $5.2 million. The bills were decomposing, nearly unrecognizable, and he asked to swap them for a cashier's check. He said the money came from Mexico..."


http://news.yahoo.com/s/ap/20080728/ap_on_go_ca_st_pe/buried_millions
_________________________
-David

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#216682 - 07/29/08 09:00 AM Re: man exhanges 5.2 million muddy decomposed dollars [Re: terzaghi]
nickbuol Offline
connoisseur

Registered: 09/16/04
Posts: 4473
Loc: Marion, IA
Long but interesting read. I know I'd like to find $20M in my basement, by the alfalfa field, where I pulled a tree up, from inheritance! \:\)
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#216684 - 07/29/08 09:24 AM Re: man exhanges 5.2 million muddy decomposed dollars [Re: nickbuol]
terzaghi Offline
connoisseur

Registered: 04/04/07
Posts: 4848
Loc: Tulsa, Oklahoma
yeah... He just can't seem to get his story straight!
_________________________
-David

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#216804 - 07/30/08 12:34 AM Re: man exhanges 5.2 million muddy decomposed dollars [Re: terzaghi]
lucv13 Offline
veteran

Registered: 05/07/08
Posts: 103
Loc: London ON Canada
mmm I found $20 once

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#216805 - 07/30/08 12:36 AM Re: man exhanges 5.2 million muddy decomposed dollars [Re: lucv13]
CV Offline
Founder, Axiom Upgrade Club
shareholder in the making

Registered: 07/20/06
Posts: 11208
Loc: Richland, WA, USA
I found $200 on the ground in front of the ATM once. Someone must have been drunk. I was too stupid to keep it. I put it in the night deposit with a note, and of course the next day people told me I should have kept it and called the bank to say that if someone reported that amount of money missing, THEN I could give it up.

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#216822 - 07/30/08 08:42 AM Re: man exhanges 5.2 million muddy decomposed dollars [Re: CV]
terzaghi Offline
connoisseur

Registered: 04/04/07
Posts: 4848
Loc: Tulsa, Oklahoma
I found $100 in a parking lot once.

I wasn't about to go around asking "Did you lose $100?" So we sat in the parking lot for a while to see if someone was wandering around looking for something... nobody ever did so we had to keep it.
_________________________
-David

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#216825 - 07/30/08 09:16 AM Re: man exhanges 5.2 million muddy decomposed dollars [Re: terzaghi]
nickbuol Offline
connoisseur

Registered: 09/16/04
Posts: 4473
Loc: Marion, IA
When I was 15 I went on a trip for school to Florida. At a restaruant I found some $425-ish dollars and some change on the floor just under one of the tables. As a typical kid, I was like "WOW!" (heck, as an adult, I'd be the same). Anyway, I could see the cashier and just watched both the table where I spotted the money, and the cashier. Sure enough, about 20 minutes later (after my friends and I had spent the money in our minds) this guy comes in with, as I remember it, a British accent. He said to the cahier that he was missing his "pocket change"... I stepped forth and asked him how much he was missing, and he thought that it was about $400, so I gave it all to him... He said thank you, and left. While I didn't expect it, I was kind of hoping for a reward for being honest and giving him his money back, but alas, I just got a thank you.

I'd like to have that kind of "pocket change" everyday.
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#216826 - 07/30/08 09:25 AM Re: man exhanges 5.2 million muddy decomposed doll [Re: nickbuol]
St_PatGuy Offline
axiomite

Registered: 03/07/05
Posts: 7405
Loc: Glendale, Arizona
Today's moral lesson:

Doing the right thing should be reward enough.



As Tom would say, "Reflect!" \:\)
_________________________
***********
"Nothin' up my sleeve. . ." --Bullwinkle J. Moose

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#216827 - 07/30/08 09:42 AM Re: man exhanges 5.2 million muddy decomposed doll [Re: St_PatGuy]
medic8r Offline
axiomite

Registered: 02/05/06
Posts: 6396
Loc: Fredericksburg, Virginia
Still, if it had been my $425 that had been returned, I'd have felt obligated to give the little bugger a reward.

Nick, if you can find my pocket change, I'll gladly give you 15%!
_________________________
"The Universe is the game of the self, which plays hide and seek forever and ever" - Alan Watts

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#216841 - 07/30/08 12:57 PM Re: man exhanges 5.2 million muddy decomposed doll [Re: medic8r]
tomtuttle Offline
axiomite

Registered: 06/20/03
Posts: 8290
Loc: Tacoma
Sean apparently has me confused with bbigwyrz.

Nick, I'd refuse the 15% of JP's lint, if I were you.
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#216842 - 07/30/08 01:03 PM Re: man exhanges 5.2 million muddy decomposed doll [Re: tomtuttle]
St_PatGuy Offline
axiomite

Registered: 03/07/05
Posts: 7405
Loc: Glendale, Arizona
Tom, I'm easily confused. . .
_________________________
***********
"Nothin' up my sleeve. . ." --Bullwinkle J. Moose

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#216846 - 07/30/08 01:18 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: terzaghi]
PeterChenoweth Offline
connoisseur

Registered: 10/23/03
Posts: 1349
Loc: Jacksonville, IL
Yeah, I saw this story on CNN. My home was built in 1910 by a doctor, and part of the basement is just dirt. My wife and I joke that we should dig it up and see if he buried any money during the depression.

In college (10 years ago) I worked at a bank as a teller. You'd be amazed at what people bring in. I remember spending one afternoon going through a paper bag filled with burned-up money, trying to salvage as many bills as possible for a customer.

And as far as this guy is concerned, I guarantee that the IRS knows all about him. Any cash amount over $3,000 presented to a bank is reported to the IRS. Amounts over $10,000 get even more paperwork. Which is probably a prime reason why we used to do lots of Money Orders to persons of dubious citizenship for $2,990 cash.


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#216868 - 07/30/08 04:15 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: PeterChenoweth]
nickbuol Offline
connoisseur

Registered: 09/16/04
Posts: 4473
Loc: Marion, IA
Hey, I was 15 years old. I hadn't learned about morals yet.

Pete: Burnt money? How much of the dollar had to be intact?
_________________________
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#216871 - 07/30/08 04:28 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: nickbuol]
terzaghi Offline
connoisseur

Registered: 04/04/07
Posts: 4848
Loc: Tulsa, Oklahoma
I am guessing it is at least 50% \:\)
_________________________
-David

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#216874 - 07/30/08 04:54 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: terzaghi]
PeterChenoweth Offline
connoisseur

Registered: 10/23/03
Posts: 1349
Loc: Jacksonville, IL
When I worked there, we were told that the official US Treasury rule is that 51% of a bill is still considered legal currency. Of course, how in the world could you tell the difference between 49% and 51%? You can't, exactly. We did once have some guy come in and try to exchange a few precisely cut bills for new ones. He was smart enough to not include two halves with equal serial numbers, but he was obviously trying to turn one bill into two.

So how did we handle it? Serial numbers. In order to exchange a damaged bill for a new one, we had to have all of one serial number and at least one whole digit of the second. Taped up, stapled or paper-clipped back together from shards was fine (I've seen it all...), but we just had to have those serial numbers. That guaranteed that we were replacing one old bill with one new bill.

In the case of the burnt bag of money, you can imagine what it looked like. As I recall, there weren't but a handful of bills that we could salvage. Hard to say how much was supposedly in there, but I'd guess maybe 5% of the value, based on the fragments we found. Most of it was ash or burnt beyond recognition. I never did learn the story behind it, but it was a good example of why it's not a good idea to keep a lot of money lying around.

And all those old bill remnants get sent to the nearest Federal Reserve for destruction.

The *vast* majority of damaged bills were simply ripped at a corner, which was NBD to replace. We'd occasionally get some that had been through a serious wash though. We treated these with some degree of suspicion, because that's a major way that counterfeiters try to pass their bills. I actually caught a couple of counterfeit bills while I worked there. Always fun to get to call the Secret Service. ;\)
_________________________
M80v2 | VP150v2 | QS8v2
SVS Pci+ 20-39
Emotiva UMC-1 & LPA-1
M22ti + T-Amp, in the Office

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#216879 - 07/30/08 05:16 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: PeterChenoweth]
PeterChenoweth Offline
connoisseur

Registered: 10/23/03
Posts: 1349
Loc: Jacksonville, IL
But to add to the topic, the most money I've ever found was about $50.

Many years ago, as a young teen-ager, my parents had asked me to rake up the leaves in our front yard. About halfway through raking, I found a $5 bill in the leaves. Stuffed it in my pocket and didn't think much of it. A few minutes later, I found a $20. That got my attention. Raking continued and by the time I was done, I had found another $5 or two and a $10. All told, about $50, as I recall.

It didn't belong to anyone else in my family and my parents swore that it wasn't some sort of plant. I believe them as they wouldn't have paid me that much just to rake the leaves.

It was a good haul for an afternoon of leaf raking for a 13-14 year old kid. \:\)
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SVS Pci+ 20-39
Emotiva UMC-1 & LPA-1
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#216887 - 07/30/08 06:15 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: PeterChenoweth]
MarkSJohnson Offline
shareholder in the making

Registered: 09/27/04
Posts: 10899
Loc: Central NH
And never once did it occur to you that you should just leaf it there?










God. I crack myself up.
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#216896 - 07/30/08 06:43 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: MarkSJohnson]
Ken.C Offline
shareholder in the making

Registered: 05/03/03
Posts: 17781
Loc: NoVA
I'll crack you up! Like a twig!
_________________________
I am the Doctor, and THIS... is my SPOON!

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#216902 - 07/30/08 07:51 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: Ken.C]
anthony11 Offline
local

Registered: 04/15/08
Posts: 267
Loc: Seattle WA
You're giving me a woody, d00d.

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#216903 - 07/30/08 08:15 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: anthony11]
Ken.C Offline
shareholder in the making

Registered: 05/03/03
Posts: 17781
Loc: NoVA
Well, I think it's important to branch out from my usual function.
_________________________
I am the Doctor, and THIS... is my SPOON!

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#216940 - 07/31/08 10:00 AM Re: man exchanges 5.2 million muddy decomposed dollars [Re: Ken.C]
MarkSJohnson Offline
shareholder in the making

Registered: 09/27/04
Posts: 10899
Loc: Central NH
Can we just get to the root of how to find 5.2 mil?
_________________________
::::::: No disrespect to Axiom, but my favorite woofer is my yellow lab :::::::

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#216942 - 07/31/08 10:23 AM Re: man exchanges 5.2 million muddy decomposed dollars [Re: MarkSJohnson]
anthony11 Offline
local

Registered: 04/15/08
Posts: 267
Loc: Seattle WA
My best guess is that it's counterfeit and the guy "aged" it to try to hide that fact.

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#216969 - 07/31/08 03:05 PM Re: man exchanges 5.2 million muddy decomposed dollars [Re: anthony11]
PeterChenoweth Offline
connoisseur

Registered: 10/23/03
Posts: 1349
Loc: Jacksonville, IL
 Originally Posted By: anthony11
My best guess is that it's counterfeit and the guy "aged" it to try to hide that fact.


I wouldn't be so sure. The article says that this same guy has been doing this for years with different amounts. If it were counterfeit, I guarantee that the Feds would know about it and the guy would be in jail somewhere. You don't take a suitcase full of Monopoly money to the Fed and ask for a check. ;\) No, I'd bet it's all real money.

My completely uneducated guess? I bet that a couple of decades ago he found a crashed drug-smuggling plane out in the desert and managed to bring home a couple of duffel bags full of cash. Woohoo! But.. what would you do with it? I might do exactly what he did. Play it cool and lay low. Exchange small amounts as often as you can without raising suspicion. Obviously he got greedy with what was left (5.2M) and decided to try to exchange it all in one shot. Tsk tsk. ;\)
_________________________
M80v2 | VP150v2 | QS8v2
SVS Pci+ 20-39
Emotiva UMC-1 & LPA-1
M22ti + T-Amp, in the Office

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#216970 - 07/31/08 03:38 PM Re: man exchanges 5.2 million muddy decomposed dol [Re: PeterChenoweth]
JaimeG Offline
aficionado

Registered: 12/25/02
Posts: 556
Loc: Ashburn, VA
 Quote:
I bet that a couple of decades ago he found a crashed drug-smuggling plane out in the desert and managed to bring home a couple of duffel bags full of cash.


When I read this story a few days ago all I could think of was that it sounds like nice sequel to No Country for Old Man. Imagine an elder Chigurh trying to find that dude who's trying to exchange the money...
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The sailor does not pray for wind, he learns to sail. --Lindborg

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#217071 - 08/02/08 12:26 PM Re: man exchanges 5.2 million muddy decomposed dol [Re: terzaghi]
chesseroo Offline
connoisseur

Registered: 05/13/02
Posts: 4829
Loc: western canada
wacky story
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