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kpete

(71,963 posts)
Sun Jan 10, 2016, 01:54 PM Jan 2016

Black Man Detained By Cops After Withdrawing $200,00 Of HIS OWN Money

Last edited Sun Jan 10, 2016, 03:02 PM - Edit history (1)

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http://www.addictinginfo.org/2016/01/09/black-man-detained-by-cops-after-withdrawing-20000-of-his-own-money-video-images/

Benson said police told him that they thought he was someone who had previously written a bogus check, and apologized to him after taking $100,000 of his cash but eventually giving it back to him.

The rapper said he had withdrawn the money because he planned to buy a car. Initially he planned to buy a Maybach but after the incident he was “feeling fast” and thinking about purchasing a Ferrari.

Police told an Atlanta TV station that they responded to the bank at the request of the bank manager but “Officers found that no crime had been committed.”

Imagine the anger at working at your skill to the point where you’ve amassed such a large sum of money in the bank, go to withdraw your own money, and are style eyed with suspicion to the point that police are called and you are put down on the ground in cuffs.


http://www.addictinginfo.org/2016/01/09/black-man-detained-by-cops-after-withdrawing-20000-of-his-own-money-video-images/
http://www.11alive.com/story/news/local/downtown/2016/01/08/police-stop-rapper-blac-youngsta-outside-atlanta-bank/78531540/
142 replies = new reply since forum marked as read
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Black Man Detained By Cops After Withdrawing $200,00 Of HIS OWN Money (Original Post) kpete Jan 2016 OP
The theory that racism is a function of 1% economics has just be disproved. Agnosticsherbet Jan 2016 #1
I think we've known it for some time now JustAnotherGen Jan 2016 #3
I still see proponents here and elsewhere. Agnosticsherbet Jan 2016 #4
I thank you for that JustAnotherGen Jan 2016 #5
I think SOME of us have known this for some time now ... 1StrongBlackMan Jan 2016 #8
And immediately went to questioning the victim JustAnotherGen Jan 2016 #15
Thanks for this article JustAnotherGen Jan 2016 #2
Who buys a 200K car with cash??? n/t MichMan Jan 2016 #6
Who blames the victim? Warren Stupidity Jan 2016 #7
Oh, I don't think anyone could possibly blame the victim for this Reter Jan 2016 #16
I've never financed a car JustAnotherGen Jan 2016 #17
Pay 200K by debit card? ... 1StrongBlackMan Jan 2016 #19
Why not, as long as the funds are there? Reter Jan 2016 #42
The dealer also wouldn't want the credit fee associated with that big of a charge. tammywammy Jan 2016 #46
yep. Hassin Bin Sober Jan 2016 #93
Debit cards have maximum limits here malaise Jan 2016 #48
I used to be a finance manager in a dealership. Hassin Bin Sober Jan 2016 #26
Cry me a river! Be glad you got the sale! (P.S. They're called "latex gloves".) WinkyDink Jan 2016 #70
Agree he was showing off, but . . . MosheFeingold Jan 2016 #108
LOL..I don't think I ever got less nervous upon seeing a badge. Iggo Jan 2016 #40
I was a clean-cut and respectful 26 year old buying a muscle car from a cop Reter Jan 2016 #43
Not a victim, IMHO CommonSenseDemocrat Jan 2016 #95
I know, right. What was this Black man thinking, having cash, lucky they didnt shoot him, right? randys1 Jan 2016 #116
What is ANY man thinking withdrawing $200,000 in cash?!? CommonSenseDemocrat Jan 2016 #125
I know, right! Must have wanted to go impregnate some white girl somewhere randys1 Jan 2016 #126
What the hell are you talking about? CommonSenseDemocrat Jan 2016 #128
You can put money into the bank, but not take it out? uppityperson Jan 2016 #136
How is he not a victim? beam me up scottie Jan 2016 #137
If I could afford to pay cash for a $200,000 car jrandom421 Jan 2016 #9
Shit - Restoration Hardware JustAnotherGen Jan 2016 #24
When I was a finance mgr. I was filling in at one of our other stores. Hassin Bin Sober Jan 2016 #98
Someone with loads of money? LisaL Jan 2016 #10
People with 200K that want to buy a car ... 1StrongBlackMan Jan 2016 #12
+100000 JustAnotherGen Jan 2016 #14
The type of car he was looking to buy jrandom421 Jan 2016 #34
Financing NEVER gets one a better deal than paying cash. eom 1StrongBlackMan Jan 2016 #39
That's a myth Mosby Jan 2016 #52
It's NOT a myth ... 1StrongBlackMan Jan 2016 #67
This is hysterical 1Strong JustAnotherGen Jan 2016 #80
I know, huh? ... 1StrongBlackMan Jan 2016 #82
Hello? Interest? I pay cash (check, for the linguistic sticklers here). WinkyDink Jan 2016 #71
You can pay off the loan anytime Mosby Jan 2016 #77
I'm always vague Mendocino Jan 2016 #86
since when? Travis_0004 Jan 2016 #101
Since always ... 1StrongBlackMan Jan 2016 #102
If the business is commiting tax fraud, then I agree Travis_0004 Jan 2016 #103
Yeah. That shit might go on and a buy here pay here lot. Hassin Bin Sober Jan 2016 #132
People who have it on hand JustAnotherGen Jan 2016 #13
People can do whateverthefugg they want with their money malaise Jan 2016 #49
Me either JustAnotherGen Jan 2016 #51
I noticed the same thing when Oprah was questioned in that upscale store in malaise Jan 2016 #57
The victim in this case is Black, sure you do. randys1 Jan 2016 #117
He didn't have it on hand MichMan Jan 2016 #62
Yes he did JustAnotherGen Jan 2016 #75
Dave Ramsey? Fla_Democrat Jan 2016 #18
Dave Ramsey wouldn't be against using a check. n/t tammywammy Jan 2016 #47
Or, a debit card.... Fla_Democrat Jan 2016 #55
Besides it's a stupid thing to say Mosby Jan 2016 #56
Yes, I read a few books discussing that strategy... Fla_Democrat Jan 2016 #87
Actually he recommends using actual cash as a motivator exboyfil Jan 2016 #79
A rich person!? Ever met one? Rex Jan 2016 #23
I'd imagine buying a 20 million dollar plane would take some time to count Reter Jan 2016 #45
Hehe...I was thinking more like a Cessna. Rex Jan 2016 #84
Someone who has a lot of cash on hand and doesn't want to deal with bullshit financing? Salviati Jan 2016 #27
Good point. I buy just about everything with cash for one reason. Returns. BlueJazz Jan 2016 #35
Somebody who has that much cash and doesn't want to pay interest? gollygee Jan 2016 #30
Back in my parents day you'd have received a huge discount. grossproffit Jan 2016 #32
Someone who's not asking for it? Iggo Jan 2016 #38
None of them Egnever Jan 2016 #41
The question was: Who does that? I gave him four answers that absolutely do work. Iggo Jan 2016 #44
+1,000 malaise Jan 2016 #50
You realize that bank checks and wire transfers are also cash, right? MichMan Jan 2016 #61
1. People who can. 2 People who want no debt/interest on a loan. I pay cash for my less WinkyDink Jan 2016 #69
Rich people!??! Well known uponit7771 Jan 2016 #111
I'm sure the officers were reprimanded Thav Jan 2016 #11
+100000000000000 Lochloosa Jan 2016 #22
Mine too. mountain grammy Jan 2016 #73
That's what I was thinking. Hassin Bin Sober Jan 2016 #99
+1 uponit7771 Jan 2016 #112
Civil forfeiture 2naSalit Jan 2016 #20
And they planned on KEEPING 100K OF IT! Rex Jan 2016 #21
continuous urban legend about the young rock star, football player(black rich kid) dembotoz Jan 2016 #25
My response is kind of off topic PowerToThePeople Jan 2016 #28
Most banks have an upper limit of $10,000 on debit card purchases stevenleser Jan 2016 #37
But they don't on checks. nt pnwmom Jan 2016 #66
True. Nt stevenleser Jan 2016 #92
You can't spend that much on a debit card JustAnotherGen Jan 2016 #54
Car stealerships hate when you pay with cash pault420 Jan 2016 #29
I would close my account at wells immediately and move it to another bank. kimbutgar Jan 2016 #31
I hope he sues Wells, too. Starry Messenger Jan 2016 #33
+10000000 nt steve2470 Jan 2016 #36
He was never the person that the bank called about. RandySF Jan 2016 #58
Some context RandySF Jan 2016 #53
And if white and named Mitt or Biff, no story to read about because he would have never been randys1 Jan 2016 #118
Banks are REQUIRED to file SAR and strongly encouraged to call cops as well. KentuckyWoman Jan 2016 #59
But what right did police have to arrest you and put you in handcuffs? LisaL Jan 2016 #60
Technically, he wasn't arrested. Calista241 Jan 2016 #96
Not 'celebrity", "Black". If Tim Mcgraw needed cash I don't think he'd be on the ground in handcuffs TeamPooka Jan 2016 #107
+10000000 nt steve2470 Jan 2016 #124
That is insane. What is their justification for doing that when they know the customer? pnwmom Jan 2016 #63
I mentioned to the lawyer handling everything. KentuckyWoman Jan 2016 #65
Cops for over $5K? Not where I live! WinkyDink Jan 2016 #72
Agree. My point was it's APD, not the bank who is at fault. RandySF Jan 2016 #120
He's lucky they weren't the DEA Warpy Jan 2016 #64
Anything over $9999 is looked at suspiciously. It's bullcrap. WinkyDink Jan 2016 #68
Tax evasion MichMan Jan 2016 #74
So now he's evading taxes? JustAnotherGen Jan 2016 #81
Not him MichMan Jan 2016 #83
I'm aware of the 10K JustAnotherGen Jan 2016 #100
Is he on FBI to 10 wanted list yet? randys1 Jan 2016 #121
Denis Hastert feels the same way apparently...nt pkdu Jan 2016 #85
I always pay cash when I buy a car. SheilaT Jan 2016 #76
With all due respect, what does it matter? WIProgressive88 Jan 2016 #142
Dave Ramsey conservative icon exboyfil Jan 2016 #78
I searched his website and didn't find "Maybach" or "Ferrari" anywhere. n/t lumberjack_jeff Jan 2016 #105
This is just really shameful steve2470 Jan 2016 #88
No question, at all, absolutely, of course. REmember, we are a rabidly racist society randys1 Jan 2016 #119
+100000 nt steve2470 Jan 2016 #123
Local black radio host was ordered out of his car at gunpoint by lapd a few days ago. Returning from Liberal_in_LA Jan 2016 #89
I don't understand why the bank called the police. Surely, they verified his identity. aikoaiko Jan 2016 #90
Mistaken identity MichMan Jan 2016 #91
well you know the banks response onethatcares Jan 2016 #109
Who in their right mind withdraws $200,000 cash? CommonSenseDemocrat Jan 2016 #94
Someone wanting to buy a car cash... done all the time uponit7771 Jan 2016 #113
I usually write a check. . B Calm Jan 2016 #122
My thoughts to common sense. B Calm Jan 2016 #115
Should have worn his cowboy hat. JEB Jan 2016 #97
ttt Blue_Tires Jan 2016 #104
He ryan_cats Jan 2016 #106
Yep racism is long gone in America. pault420 Jan 2016 #110
Banking while black? yellowcanine Jan 2016 #114
But if he had an account with Wells Fargo, WHY were they suspicious? rocktivity Jan 2016 #127
The police state had been enabled....... JonathanRackham Jan 2016 #129
UPDATE: Rapper detained at Atlanta bank did not have account rocktivity Jan 2016 #130
Complete police statement rocktivity Jan 2016 #131
Complete Bank Statement rocktivity Jan 2016 #138
Dealing in cash in this country is frowned upon. AgadorSparticus Jan 2016 #133
So this story turns out to be BS oberliner Jan 2016 #134
So apparently was his statement about buying a Maybach or Ferrari MichMan Jan 2016 #135
Now that the bank has issued a statement that essentially backs the police's rocktivity Jan 2016 #139
UPDATES rocktivity Jan 2016 #140
k+r Blue_Tires Jan 2016 #141

Agnosticsherbet

(11,619 posts)
1. The theory that racism is a function of 1% economics has just be disproved.
Sun Jan 10, 2016, 02:07 PM
Jan 2016

Something much deeper is going on, and more money will not fix it.

 

1StrongBlackMan

(31,849 posts)
8. I think SOME of us have known this for some time now ...
Sun Jan 10, 2016, 02:39 PM
Jan 2016

others, the unaffected, still have yet to know.

 

Reter

(2,188 posts)
16. Oh, I don't think anyone could possibly blame the victim for this
Sun Jan 10, 2016, 02:47 PM
Jan 2016

What the police did was inexcusable. But we can laugh at paying cash, because it's dangerous to carry $100,000 in a suitcase. Plus, it would take forever to count. Why not pay by debit card or check?

Unless he was buying from a private person, then cash is pretty much the only way to pay. I thought I was nuts when I took $7,500 to a stranger's house to buy a car. I was quite nervous, until I saw his badge. Turns out he was the chief of a small department.

JustAnotherGen

(31,781 posts)
17. I've never financed a car
Sun Jan 10, 2016, 02:49 PM
Jan 2016

Negotiate then either get cash - or a cashiers check.

Contrary to popular belief - rich and wealthy people also have daily limits on debit and credit cards. Better to pay Chase the $6 Cashiers Check fee.

 

Reter

(2,188 posts)
42. Why not, as long as the funds are there?
Sun Jan 10, 2016, 04:50 PM
Jan 2016

It comes directly from your bank account. It's not a credit card, so they don't charge interest.

Edit: Unless there are daily limits. Don't blame me for not knowing this, I'm middle class and the highest purchase I ever did with my debit card was about $800.

Hassin Bin Sober

(26,313 posts)
93. yep.
Sun Jan 10, 2016, 10:28 PM
Jan 2016

One of our dingbat salesmen once took $30k on a card. I had to call the customer and unwind it. Luckily the customer was understanding.

The salesman: "but he wants the airline miles"

Me: "You buy him an airline ticket, nitwit "

Hassin Bin Sober

(26,313 posts)
26. I used to be a finance manager in a dealership.
Sun Jan 10, 2016, 03:06 PM
Jan 2016

I absolutely HATED cash.

It was always old white dudes "ha ha I have cash. Bet you've never seen someone pay cash!!!". Yeah not since last week

Ho hum. Now I have to count this filthy shit. And then count it again. And then watch the cashier count it twice. Would it kill you to write a check? Yes, we take personal checks.

We once had a used car dealership buy a bunch of cars with about $100,000 dollars in small bills. It took all evening to count it.

One time a salesman found $10,000 in an envelope right outside our back door. Just as he realized what he found, the guy who lost it came barreling out he door with eyes bugged out of his head. Knowing that salesman, another minute and that money would have been gone forever.

Anyone who walks in to a dealership in this day and age with $100k in cash is just being a show off. I've seen it all before. Note: that has nothing to do with the above story.

MosheFeingold

(3,051 posts)
108. Agree he was showing off, but . . .
Mon Jan 11, 2016, 06:55 PM
Jan 2016

It does not excuse the police for what they did.

The man obviously had a bank account and could write a check like a normal person. Or do a wire if they were afraid of the check being bad.

I will note that banks are complete assholes about withdrawing more than 10K. I withdrew $30K in cash when I retired to give parting gifts to my staffers. You would think I was robbing the place. And I am an old Jewish guy in a suit.

 

Reter

(2,188 posts)
43. I was a clean-cut and respectful 26 year old buying a muscle car from a cop
Sun Jan 10, 2016, 04:53 PM
Jan 2016

What do you think he would possibly do, shoot me and take my money?

randys1

(16,286 posts)
116. I know, right. What was this Black man thinking, having cash, lucky they didnt shoot him, right?
Mon Jan 11, 2016, 07:12 PM
Jan 2016

Who cares if it was his cash, BLACK while having CASH

crazy


What you said by the way had NO sense in it AT ALL

 
125. What is ANY man thinking withdrawing $200,000 in cash?!?
Mon Jan 11, 2016, 07:50 PM
Jan 2016

Quit putting racist words and commentary in my mouth.

jrandom421

(999 posts)
9. If I could afford to pay cash for a $200,000 car
Sun Jan 10, 2016, 02:40 PM
Jan 2016

Heck yeah, I would. Just to see the dealer and finance manager freak out when I said, " I'll take it now. I assume you take cash, don't you?"

Hassin Bin Sober

(26,313 posts)
98. When I was a finance mgr. I was filling in at one of our other stores.
Mon Jan 11, 2016, 12:50 AM
Jan 2016

A salesman brought me a deal to bill out. The deal jacket had a receipt written on the bag for a personal check - $105,000 dollars. I looked at the deal jacket and saw "Cabriolet" and thought (used) Volkswagen and assumed the cashier fucked up and really meant $10,500. I brought it back to the window and she looked at me like I was an idiot. It was a new Porsche and $105,000 was correct. We had just purchased the Porsche ticket and we were selling them out of our Ford store before they built the new building.

The customer worked for Microsoft and was treating herself.

 

1StrongBlackMan

(31,849 posts)
12. People with 200K that want to buy a car ...
Sun Jan 10, 2016, 02:46 PM
Jan 2016

BTW ... one gets a better price when paying cash; rather than, paying by check or by note.

jrandom421

(999 posts)
34. The type of car he was looking to buy
Sun Jan 10, 2016, 04:33 PM
Jan 2016

Financing isn't going to get you a better deal on a Maybach or a Ferrari, which is what he was looking to buy. I'd pay cash if I could.

Mosby

(16,260 posts)
52. That's a myth
Sun Jan 10, 2016, 05:20 PM
Jan 2016

When you finance with the dealer they get a cut of the finance charges so if your aware of this you c an negotiate a better price.

 

1StrongBlackMan

(31,849 posts)
82. I know, huh? ...
Sun Jan 10, 2016, 07:52 PM
Jan 2016

Pay 200K by debit card? ... negotiate away the dealership's back-end fees? ... While, both, are theoretically possible ... neither, are likely to occur in the real world.

Mosby

(16,260 posts)
77. You can pay off the loan anytime
Sun Jan 10, 2016, 07:09 PM
Jan 2016

All I'm really saying is don't walk into the dealer and declare your paying cash.

Mendocino

(7,482 posts)
86. I'm always vague
Sun Jan 10, 2016, 08:34 PM
Jan 2016

with dealers about payment,... maybe a check, maybe I'll finance....not sure. Then after we agree on a price I just write a check. I never finance a vehicle, don't buy until I have the money saved.

 

Travis_0004

(5,417 posts)
101. since when?
Mon Jan 11, 2016, 07:56 AM
Jan 2016

A dealership makes money on financing, and can give front end incentives because they make money on the back end.

Or if you dont want financing, you can write a cashiers check for about 6 bucks. I dont think that is unreasonable on a 200k purchase.

 

1StrongBlackMan

(31,849 posts)
102. Since always ...
Mon Jan 11, 2016, 08:24 AM
Jan 2016

according to the few people that I know that can afford to spend 200K on a vehicle.

The reason: Taxes. This is the same reason some bars and barbershops resist going electronic (CC/Debit Cards) ... cash leaves a paper trail the business owner creates.

 

Travis_0004

(5,417 posts)
103. If the business is commiting tax fraud, then I agree
Mon Jan 11, 2016, 09:25 AM
Jan 2016

I would assume the opportunities for tax fraud are slimmer at an auto dealership because every title is sent to the DMV with the selling price on it. Its not a good busibess for money laundering.

Maybe a local bar owner will not report some cash income, but that is not the norm.

Hassin Bin Sober

(26,313 posts)
132. Yeah. That shit might go on and a buy here pay here lot.
Tue Jan 12, 2016, 02:09 AM
Jan 2016

Take in $8k in cash and bill it out for $6k.

But that shit would be very very unlikely at a place selling $200k cars. There is just too many ways to get caught and to much to lose. Not to mention a sophisticated buyer blowing the whistle.

In a big dealership, the bigger threat is employees or managers stealing.

We had a salesman get away with stealing deposit money - for a while. Then he went to jail.

An old trick was "curbing the trade". Take the trade directly out of the deal (if there was enough profit) and take the signed title and car home. That was usually the used car manager pulling that one.

We had another guy stealing all the deposit cash and tossing the checks in the garbage. His family was an old wealthy family who were friends of the owner. Young good looking guy and impeccable dresser. So the owner took him under his wing. Lol.

malaise

(268,709 posts)
49. People can do whateverthefugg they want with their money
Sun Jan 10, 2016, 05:11 PM
Jan 2016

I don't get why some folks here want to blame the victim.

malaise

(268,709 posts)
57. I noticed the same thing when Oprah was questioned in that upscale store in
Sun Jan 10, 2016, 05:29 PM
Jan 2016

Switzerland. They wanted to know what she was doing in there. I guessed that shewas doing what rich people do - wasting money on shit reserved for the 1% who are all assumed to be anything but black. The stereo-types are scary.

MichMan

(11,869 posts)
62. He didn't have it on hand
Sun Jan 10, 2016, 05:59 PM
Jan 2016

It wasn't under his mattress, he had to go to the bank to withdraw it. It would have been easier and safer to just get a bank check instead of leaving out the door with 200K in $100 dollar bills.

In fact, I doubt that the bank had that amount of cash on hand, they probably would need to make an arrangement with him to pick it up when they had it available.

JustAnotherGen

(31,781 posts)
75. Yes he did
Sun Jan 10, 2016, 06:55 PM
Jan 2016

We by DU standards are "wealthy". By our standards - Rich.

Cash on hand - what you don't need to pull out of an investment. We never keep more than 20K in our secret safe. We still have a lot of cash "on hand".

Think like a person who has it.

And - it depends on the bank. I highly doubt this was some little credit union.

If its Chase level - they have 200K on hand.

Fla_Democrat

(2,547 posts)
55. Or, a debit card....
Sun Jan 10, 2016, 05:23 PM
Jan 2016

but, there is something, emotional, about laying down the green, when looking for a deal.






Mosby

(16,260 posts)
56. Besides it's a stupid thing to say
Sun Jan 10, 2016, 05:29 PM
Jan 2016

Rich people leverage their assets, why buy a house for let's say 10 million when you can borrow the money on a 10-15 year note at 4.5% or so and then invest the 10 million in instruments that yeild a higher rate of return.

Fla_Democrat

(2,547 posts)
87. Yes, I read a few books discussing that strategy...
Sun Jan 10, 2016, 09:06 PM
Jan 2016

back in the early 2000's. 2005, 2006 maybe. Odd thing, that school of thought seemed to fall out of favor around 2008 and 2009.


I think it was Warren Buffet that said.... “When the tide goes out you can tell who’s been skinny dipping.”



Some people think risk.. is a four letter word.






Salviati

(6,008 posts)
27. Someone who has a lot of cash on hand and doesn't want to deal with bullshit financing?
Sun Jan 10, 2016, 03:23 PM
Jan 2016

I bought my last car with cash, granted it wasn't 200K, but not everyone feels that buying things on credit is the best thing to do...

(Ok, so not actual cash, but not financing is what I meant. But if you want to show up with a duffel bag full of legitimately earned bills, whats wrong with that)

 

BlueJazz

(25,348 posts)
35. Good point. I buy just about everything with cash for one reason. Returns.
Sun Jan 10, 2016, 04:36 PM
Jan 2016

I buy a nice DeWalt drill...don't like it??....return it to lowes/Home Depot....get the cash back..no debit card/credit card to mess with...no signing stuff..just out the door.

gollygee

(22,336 posts)
30. Somebody who has that much cash and doesn't want to pay interest?
Sun Jan 10, 2016, 04:05 PM
Jan 2016

None of anyone's business really.

grossproffit

(5,591 posts)
32. Back in my parents day you'd have received a huge discount.
Sun Jan 10, 2016, 04:27 PM
Jan 2016

That's no longer an option since anything over 10k (CTR) has to be reported.

Iggo

(47,534 posts)
38. Someone who's not asking for it?
Sun Jan 10, 2016, 04:42 PM
Jan 2016

Someone who doesn't deserve to be fucked over by the police for spending his own money?

Someone who's doing nothing illegal?

Someone who's minding his own business?

Any of those work for you?

 

Egnever

(21,506 posts)
41. None of them
Sun Jan 10, 2016, 04:50 PM
Jan 2016

It's fucking stupid to carry that amount of cash.

Dealerships will take a check.

Has no bearing whatsoever on this man's treatment.

Still dumb as hell. All kinds of things can go wrong with that kind of cash on you. Easily avoided with a check.

MichMan

(11,869 posts)
61. You realize that bank checks and wire transfers are also cash, right?
Sun Jan 10, 2016, 05:52 PM
Jan 2016

Jeez, No one is blaming the victim, just stating that walking around with 200K in currency is dumb. There are only three ways to buy a car; financing or cash, or a trade. You realize that bank checks and wire transfers are also cash; it doesn't have to be a bunch of $100 bills.

Not only does it create a whole lot of SARS and CTR paperwork at the bank and the dealer, there is no purpose for it other than showing off, like a previous poster car dealer employee stated was his experience with people.

Sure the guy is allowed to do whatever he wants with his money, but that doesn't make it a good idea. If I walked around in a high crime area counting thousands of dollars while whistling to myself and got robbed, would any criticism of my actions mean people were blaming the victim?

 

WinkyDink

(51,311 posts)
69. 1. People who can. 2 People who want no debt/interest on a loan. I pay cash for my less
Sun Jan 10, 2016, 06:38 PM
Jan 2016

expensive cars, always have. I'm 66.

Hassin Bin Sober

(26,313 posts)
99. That's what I was thinking.
Mon Jan 11, 2016, 01:00 AM
Jan 2016

He was lucky he was in the parking lot of the bank. A few blocks down, he would have been fighting to get the money back.

 

Rex

(65,616 posts)
21. And they planned on KEEPING 100K OF IT!
Sun Jan 10, 2016, 02:54 PM
Jan 2016

Racism in this country? Off the charts.

Meanwhile we have pathetic armed white morons BEGGING for attention in Oregon!

America cannot get much more fucked up imo...OH WAIT...Donald Trump...erp...

dembotoz

(16,785 posts)
25. continuous urban legend about the young rock star, football player(black rich kid)
Sun Jan 10, 2016, 03:05 PM
Jan 2016

goes into a high end sports car store and gets shuffled about cause he is obviously can not afford anything there
until he gets the rookie salesperson.

the rich kid pull out a pocket full of cash and buys the most expensive car on the lot.....

same story different details

like the scene is pretty woman where the expensive store won't sell clothes to julia roberts...


yah i would love to buy a car that way

 

PowerToThePeople

(9,610 posts)
28. My response is kind of off topic
Sun Jan 10, 2016, 03:33 PM
Jan 2016

Last edited Sun Jan 10, 2016, 07:24 PM - Edit history (1)

But I would not want to walk around with that much cash.

I do not like to walk around with more than 100$ cash. Debit cards do not have fees.

 

stevenleser

(32,886 posts)
37. Most banks have an upper limit of $10,000 on debit card purchases
Sun Jan 10, 2016, 04:42 PM
Jan 2016

And to get them to allow that much you have to ask permission.

JustAnotherGen

(31,781 posts)
54. You can't spend that much on a debit card
Sun Jan 10, 2016, 05:21 PM
Jan 2016

Cash or Cashiers check.

Out of country and returned rental on Tuesday - couldn't use debit for $1800 suv rental. Had to use AMEX.

pault420

(26 posts)
29. Car stealerships hate when you pay with cash
Sun Jan 10, 2016, 04:00 PM
Jan 2016

They want you to finance so they can make money of the interest as well.

RandySF

(58,494 posts)
58. He was never the person that the bank called about.
Sun Jan 10, 2016, 05:41 PM
Jan 2016

The bank called about someone trying to pass a bad check, but the police tackled the wrong guy.

RandySF

(58,494 posts)
53. Some context
Sun Jan 10, 2016, 05:21 PM
Jan 2016

Police told 11Alive that they responded to the bank at the request of the bank manager.

"Officers found that no crime had been committed," said Atlanta Police Sgt. Warren Pickard.

A later press release from the Atlanta Police Department stated that reports of an attempt to cash a fraudulent check at the location and a "limited and conflicting" description led to a case of mistaken identity.

"The Rapper, who identified himself as 'Blac Youngsta', by coincidence happened to be at the bank at the same time," APD Sgt. Warren Pickard said in a written statement. "Upon police officers arriving on scene, they made a brief detention of him until positive identification by the caller was made."

The actual suspect in the attempt to cash a $24,000 check, 39-year-old Charles Darnell Edward, was soon arrested - but not before police briefly detained Benson.

Edward was charged with forgery in the first degree - a felony.

"This incident did not directly involve Blac Youngsta, nor was he accused of committing a crime," Sgt. Pickard said.



http://www.11alive.com/story/news/local/downtown/2016/01/08/police-stop-rapper-blac-youngsta-outside-atlanta-bank/78531540/

randys1

(16,286 posts)
118. And if white and named Mitt or Biff, no story to read about because he would have never been
Mon Jan 11, 2016, 07:17 PM
Jan 2016

talked to or anything.

KentuckyWoman

(6,679 posts)
59. Banks are REQUIRED to file SAR and strongly encouraged to call cops as well.
Sun Jan 10, 2016, 05:42 PM
Jan 2016
https://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_015.htm

Anything over $5000.

When I finally closed my sister's account in Atlanta after probate was completed it had about $32000 in it. I was also detained - in cuffs - out in the parking lot - before I could leave the bank property. This was in the City of Atlanta as well. APD told me THEY require the banks make the call if the transaction is over $10000 in cash.

Now the difference is they didn't throw an elderly white woman down in the dirty parking lot. From the pic it's clear a young black male was treated differently and that is a big problem.

Federal requirement only ask for reports. Local police work with banks or bank policy comes into play (or both) when calling the cops about a specific cash transaction. Detaining someone in cuffs for make a big cash deposit or accessing their own money is ridiculous regardless of who it is. So someone needs to stop locals from treating bank customers like criminals.

LisaL

(44,972 posts)
60. But what right did police have to arrest you and put you in handcuffs?
Sun Jan 10, 2016, 05:46 PM
Jan 2016

Even if bank reported it. There was nothing illegal going on.

Calista241

(5,586 posts)
96. Technically, he wasn't arrested.
Mon Jan 11, 2016, 12:16 AM
Jan 2016

He was detained for a brief period of time while the police investigated. He was never transported to jail, his cash wasn't seized, and the cops even put out a press release. The cops have the authority to detain anyone, at any time, if they are investigating a crime (either reported, or self discovered).

On the news here, it said the cops even asked him for a few photos and an autograph, which Blac provided.

There doesn't seem to be anything wrong with this situation. The only reason we're hearing about it, is because it involved a celebrity and there was a high amount of cash involved.

TeamPooka

(24,208 posts)
107. Not 'celebrity", "Black". If Tim Mcgraw needed cash I don't think he'd be on the ground in handcuffs
Mon Jan 11, 2016, 06:28 PM
Jan 2016

pnwmom

(108,955 posts)
63. That is insane. What is their justification for doing that when they know the customer?
Sun Jan 10, 2016, 06:05 PM
Jan 2016

You obviously had to show ID and paperwork to show who you were and what you were doing.

I know they have to fill out those forms but I never heard of this happening to someone for withdrawing a high amount.

This is beyond ridiculous. And the worst part is that the law indemnifies the bank from reporting in this situation.

KentuckyWoman

(6,679 posts)
65. I mentioned to the lawyer handling everything.
Sun Jan 10, 2016, 06:12 PM
Jan 2016

This bank was Wells Fargo as well. He said the federal mandate requires Banks to call local police if they suspect "suspicious activity" and provides strong legal protection from lawsuits stemming from doing so. Local cops work with Banks on unwritten guidelines on when to call but bank policy and the local branch are really what decides.

I decided it was not worth the notoriety to push it. I had enough problems at the time.

Hopefully rapper whateverhisnameis will have the ability to raise more of a fuss.

MichMan

(11,869 posts)
74. Tax evasion
Sun Jan 10, 2016, 06:52 PM
Jan 2016

I'm opposed to people evading taxes and laundering money by paying cash for large purchases; don't you agree?

MichMan

(11,869 posts)
83. Not him
Sun Jan 10, 2016, 08:18 PM
Jan 2016

The reporting of cash transactions $10K or more was initiated by the IRS to address tax evasion and money laundering.

No one said he was doing it.

JustAnotherGen

(31,781 posts)
100. I'm aware of the 10K
Mon Jan 11, 2016, 05:51 AM
Jan 2016

And it can always be cleared up with your tax returns. It's also global in nature. My husband is known to eff with customs in Italy by coming in with just under 10k in Euros. he takes it from the safe, exchanges it at Chase, travels there with it.

 

SheilaT

(23,156 posts)
76. I always pay cash when I buy a car.
Sun Jan 10, 2016, 07:05 PM
Jan 2016

That means I write a check. Even though I've never paid 200k for a car, I would never carry that actual amount of cash on me. Truly dumb.

WIProgressive88

(314 posts)
142. With all due respect, what does it matter?
Sat Jan 16, 2016, 08:33 PM
Jan 2016

I would not feel comfortable walking around with that much cash either, but this story is not about me or what I would do; it's about members of law enforcement once again abusing their power against a young person of color.

exboyfil

(17,862 posts)
78. Dave Ramsey conservative icon
Sun Jan 10, 2016, 07:32 PM
Jan 2016

says that cash is a powerful motivator for getting the best deal. Here is a quote from his web site.

4. Bring the cash
Using cash has finality to it. You don't have to worry about being approved for a loan or telling the seller to hold the car for you until Monday. Besides, people get weak in the knees when you flash cash. When you are ready to buy, pull out those hundreds and start counting. Cash is a powerful tool in getting a bargain for just that reason.
http://www.daveramsey.com/blog/5-things-you-need-to-know-before-buying?ictid=btxt

steve2470

(37,457 posts)
88. This is just really shameful
Sun Jan 10, 2016, 09:10 PM
Jan 2016

Somehow I think that if I, a middle aged white man, were to do exactly the same thing, they would have either not handcuffed me or at least let me stand up handcuffed in that parking lot. With this man, he's on the ground. No respect, no dignity. Shameful.

randys1

(16,286 posts)
119. No question, at all, absolutely, of course. REmember, we are a rabidly racist society
Mon Jan 11, 2016, 07:19 PM
Jan 2016

I keep telling people that, nobody listens

 

Liberal_in_LA

(44,397 posts)
89. Local black radio host was ordered out of his car at gunpoint by lapd a few days ago. Returning from
Sun Jan 10, 2016, 09:12 PM
Jan 2016

Movies in Marina del rey (upscale LA area).

aikoaiko

(34,163 posts)
90. I don't understand why the bank called the police. Surely, they verified his identity.
Sun Jan 10, 2016, 09:35 PM
Jan 2016

Once that was done, why would they call the police?

MichMan

(11,869 posts)
91. Mistaken identity
Sun Jan 10, 2016, 10:06 PM
Jan 2016

Apparently they called regarding another customer. Sounds like the police detained the wrong guy when they arrived

onethatcares

(16,162 posts)
109. well you know the banks response
Mon Jan 11, 2016, 06:58 PM
Jan 2016

"they all look alike"

Please don't kick me, I'm just saying how it is.

Do I need to add the "sarcasm" emoji?

 
94. Who in their right mind withdraws $200,000 cash?
Sun Jan 10, 2016, 11:24 PM
Jan 2016

Not commenting on the legality of this detention, but this is ridiculously stupid, especially to then carry it to a car dealership.

ryan_cats

(2,061 posts)
106. He
Mon Jan 11, 2016, 06:08 PM
Jan 2016

He actually got his money back? Black or white, the police like to make you prove it's your money as they file asset seizure paperwork.

pault420

(26 posts)
110. Yep racism is long gone in America.
Mon Jan 11, 2016, 07:00 PM
Jan 2016

And then young minorities are supposed respect authority?

It's a two way street you jack booted thugs.

And EVEN IF they thought he was a suspect in a crime, they couldn't have had the decency to just ask for ID and explain why they were stopping him before putting handcuffs on him?? What a joke.

rocktivity

(44,572 posts)
127. But if he had an account with Wells Fargo, WHY were they suspicious?
Mon Jan 11, 2016, 07:53 PM
Jan 2016

And if they were suspicious enough to call the cops, why give him the money in the first place? As for the cops, they claim they didn't have a proper description of the suspect: while I don't blame them for detaining someone who appeared to be leaving the scene just as they arrived it would have been in the bank's best interest to tell them that they'd collared the wrong perp -- especially if he's the kind of perp who has a bank balance in excess of $200,000. It's also odd that while the witness in the bank couldn't describe the real perp, the description of his car was perfect enough for the cops to stop it shortly thereafter. Had the real perp already driven away when the cops got there, and why didn't the witness say so?

None of it adds up -- not to a simple matter of check forgery, mistaken identity, civil forfeiture or racial profiling. But consider this:

CelebrityNetWorth: Yo Gotti is a...rapper who has a net worth of $2.5 million...Growing up in Memphis...Federal Agents raided his family's residence. His mother and his aunts were indicted and sent to serve 10 to 15 years because they refused to snitch...


Billboard: (Gotti) achieved mostly regional success in the early and mid-2000s by releasing albums through TVT Records and steadily touring...(He) formed Cocaine Muzik Group (now rebranded as CMG Entertainment) and released the first installment of his Cocaine Muzik mixtape series in 2008. The resulting buzz led to a deal with Polo Grounds/J Records the following year...But when J dissolved into RCA, he got lost in the shuffle, and his album Live From the Kitchen didn't arrive until January 2012...

Yo Gotti's album I Am (is due) through a new partnership between his CMG imprint and Epic Records...


Bossip.com: Yo Gotti has really outdone himself this time. They were aboard a private jet when he signed South Memphis rapper Blac Youngsta as the latest addition to his label, CMG, joining Snootie Wild. And to show him just how appreciated he is on CMG, last week Gotti gave him quite a gift!





Money laundering, anyone? Does law enforcement suspect that Gotti's record label provides a legitimate front for gang income (from those wonderful people his folks didn't snitch on?) and that CMG's artists are providing a front for Gotti? He and Youngsta seem to have LOT of money for a moderately successful record label. I think there's a bigger investigation going on: if the cops had succeeding in seizing Youngsta's money, that might have put him in a VERY uncomfortable position -- uncomfortable enough for HIM to start snitching?


rocktivity

rocktivity

(44,572 posts)
130. UPDATE: Rapper detained at Atlanta bank did not have account
Mon Jan 11, 2016, 10:12 PM
Jan 2016

Last edited Wed Jan 13, 2016, 02:11 PM - Edit history (4)

WTOC.com:
Well's Fargo Bank said on Monday a rapper detained outside a bank in Buckhead did not hold an account at the bank, and never even entered it before he was detained by police..."Mr. Benson is not an account holder with us. He did not enter our store nor did he make any withdrawals," Wells Fargo said in a statement...

Atlanta police said Sam Benson, also known as "Blac Youngsta", was handcuffed briefly until law enforcement sorted out a case of mistaken identity...The mix-up was based on a "limited and conflicting" description from witnesses of a suspect who wrote a bad check at a Wells Fargo branch, according to police.

A source close to law enforcement says Benson was actually holding money that was withdrawn from his manager's account in a video, and it was closer to $70,000, versus some outlets' earlier reports of $200,000...


I'm still not buying the mistaken identity story. If the bank had a customer who was trying to cash a phony check, all they would have had to do was turn on the surveillance camera, call the cops and count the money slowly enough for them to arrive. I still think Youngsta was the intended victim, and if the cops have indeed seized his MANAGER'S money, the manager will now have to prove he obtained it legally in order to get it back!


rocktivity


rocktivity

(44,572 posts)
131. Complete police statement
Tue Jan 12, 2016, 01:54 AM
Jan 2016
HipHopEnquirer:

As we have stated a lot of the comments in the media are not accurate. The Atlanta Police Department’s encounter with Mr. Benson was very brief. The officers on the scene did not take custody of any of Mr. Benson’s currency...

On January 8, 2016, Atlanta Police Officers were dispatched to the Wells Fargo Bank, 3235 Peachtree Road, Atlanta, Georgia. The 911 caller stated that a male was trying to cash a forged check valued at $24,000 . The description of the male provided to police was limited and conflicting.

The Video Integration Center (VIC) using the camera system were able to get a visual of a possible suspect inside a car in the parking lot of the bank. This information was relayed to officers on the scene. The car was stopped and everyone inside the car was briefly detained. It was quickly discovered that the person providing the description to police had provided the wrong description of the suspect. It was determined that the occupants of the vehicle were not involved. They were immediately released.

The caller identified Mr. Charles Darnell Edward (03/02/1976) as the male attempting to cash the fraudulent $24,000 CHECK. Mr. Edwards was arrested at the scene and charged with forgery in the first degree (felony).

The Rapper, who identified himself as “Blac Youngsta”, by coincidence happened to be at the bank at the same time. Upon police officers arriving on scene, they made a brief detention of him until a positive identification by the caller was made. This incident did not directly involved Blac Youngsta, nor was he accused of committing a crime.

rocktivity

(44,572 posts)
138. Complete Bank Statement
Wed Jan 13, 2016, 01:59 PM
Jan 2016
NBC News Atlanta:

Mr. Benson is not an account holder with us. He did not enter our store nor did he make any withdrawals.

A fraudulent incident did occur in the store so in the best interest of our customer, we reported it to law enforcement right away and as a result, a suspect was apprehended and the customer was not the victim of fraud. Mr. Benson was not a party to the fraudulent incident.

We’re confident that our description of the suspect was appropriate. It is documented in the police report. We encourage you to review it.

AgadorSparticus

(7,963 posts)
133. Dealing in cash in this country is frowned upon.
Tue Jan 12, 2016, 08:19 AM
Jan 2016

Don't get me wrong, I think there is plenty of racism that is getting worse and worse in this country. But go to your bank and try and cash out a large amount of money (I believe it is over 10,000). See what happens. You have to fill out papers and explain to them what your are going to do with YOUR money.

They don't want you dealing in cash. You become invisible to them and that is not looked kindly upon.

 

oberliner

(58,724 posts)
134. So this story turns out to be BS
Tue Jan 12, 2016, 08:35 AM
Jan 2016

People need to do some fact checking before they go running with their stories.

It seems like basic reporting has been replaced by virality.

MichMan

(11,869 posts)
135. So apparently was his statement about buying a Maybach or Ferrari
Tue Jan 12, 2016, 08:03 PM
Jan 2016

If in fact it was 70K and his managers money, why did he say he was going to buy a Maybach or Ferrari? Not for that amount of money !

rocktivity

(44,572 posts)
139. Now that the bank has issued a statement that essentially backs the police's
Wed Jan 13, 2016, 03:09 PM
Jan 2016

-- aside from the accuracy of the description they gave -- WAS it just a coincidence that Youngsta was outside a bank with $70,000 while someone inside the bank was trying to get $24,000? Stay tuned...


rocktivity


rocktivity

(44,572 posts)
140. UPDATES
Thu Jan 14, 2016, 01:06 PM
Jan 2016

Last edited Thu Jan 14, 2016, 04:23 PM - Edit history (1)

In response to Wells Fargo's claim that Youngsta didn't have a account with them, he posted this letter:



Though it's a technicality, Wells Fargo didn't say that Youngsta NEVER had an account with them -- if they closed his account prior to the incident, they've told the truth.

The letter appears to have two logos -- neither of which are in color -- and is not dated. You would think that the bank would include the complete account numbers for accuracy's sake, especially if they're no longer valid. If it was possible to make the account numbers and the salutation part of the letter, why not the address? And as for the text, it reads like those spam emails you get from overseas lottery winners who need your bank information in order to deposit their winnings. They "made a business decision" to close the account? If Wells Fargo had felt that uncomfortable with the way Youngsta was doing business, they would have called in the law -- which they may have done last Friday.

Nonetheless, Youngsta has licked his wounds and decided to take his business elsewhere: he's also posted a photo of him in front of what appear to be Bank Of America ATMs -- one hand shaking the hand of someone wearing a tie, and the other hand holding the handle of a backpack that is presumably too weighed down with money to carry on his shoulders. His money from Wells Fargo? Then how about posting a receipt?


rocktivity

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