Guy uses fake check to steal Massey tractor...recognize him?

[MossRoad]

Yep, it's a lot more than the general public knows. Hold a twenty up to a light, president facing you. 3/4 across to right is a strip running vertical 20 USA 20 USA 20 USA. That's an RFID chip strip. If it's moving, traveling in an auto, it can be picked up by a roadside scanner. Just like when you walk out of auto zone and it sets off a beeper, remember if it wasn't scanned property? If it isn't wrapped in foil, they'll know how much you have, pull you over and get it. It costs 8 grand to get it back.

That's a strip of plastic. It's been there since the early 90's. It does not and can not be detected from a scanner.

Who told you this garbage?

 

[Chewwy]

Some overzealous conspiracy theorists on board here.

 

[MossRoad]

Uh no. The US isn't using RFID on banknotes. Several European countries are, but not the US.

That strip you're referring to is the "security thread" that takes an extraordinary effort to duplicate by counterfeiters. The most it does is glow green when you hit it with a blacklight.

Passive RFID has a very short range just like badge readers. Beyond a foot or so, forget it. To go further, the RFID tag has to have a battery.

Which European countries?

 

[Metalmaster10]

Who got a copy of his driver's license? Then there'd be no. question. I'm sorry, but I don't feel sorry. Cash is king. If they can write a check, they can get the cash. I've seen things bought and sold with large brown grocery bags of cash, hundreds of thousands a pop.

Well, a couple things:
First, they said it was a fake ID. Some good ones are pretty hard to spot.
Second, a cashier's check could be from a loan or line of credit, and a bank won't give you cash.
Third, IF you have access to almost $70k in cash, people have been arrested and had their case taken by police for FAR smaller amounts than $67k. Cops will often confiscate the $$ assuming it was to be used in drug or other illegal activities.
It's all risky...
The advice to check with the issuing bank BEFORE finalizing the sale is good!

 

[MossRoad]

Uh no. The US isn't using RFID on banknotes. Several European countries are, but not the US.

That strip you're referring to is the "security thread" that takes an extraordinary effort to duplicate by counterfeiters. The most it does is glow green when you hit it with a blacklight.

Passive RFID has a very short range just like badge readers. Beyond a foot or so, forget it. To go further, the RFID tag has to have a battery.

See passive UHF RFID. It's over 20', with bigger antenna on reader out past 50'.

 

[MossRoad]

Thanks! I was just headed to the store for more tin foil when I read your post . . .

Todays conspiracy:

Rumor has it there's a tin foil shortage.

 

[MossRoad]

You mean the gubmint ain't a-circlin' them danged black heliocopters over my house to peer through my walls with they infrared vision things to see just what I'm doing in here? (Which would mainly be on old man taking a nap.)

Goodfellas - Henry Hill

 

[MossRoad]

Also, banks have to report any transactions over $10K.

And it's not just banks...

Understand how to report large cash transactions | Internal Revenue Service

FS-2021-03, February 2021 — Although many cash transactions are legitimate, the government can often trace illegal activities through payments reported on complete, accurate Forms 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. Here are facts on who must file the...

www.irs.gov

 

[MossRoad]

Who must file​

Generally, any person in a trade or business who receives more than $10,000 in cash in a single transaction or in related transactions must file a Form 8300. By law, a "person" is an individual, company, corporation, partnership, association, trust or estate. For example, dealers in jewelry, furniture, boats, aircraft or automobiles; pawnbrokers; attorneys; real estate brokers; insurance companies and travel agencies are among those who typically need to file Form 8300.

 

[MossRoad]

What's cash​

For Form 8300 reporting, cash includes coins and currency of the United States or any foreign country. It's also cash equivalents that include cashier's checks (sometimes called a treasurer's check or bank check), bank drafts, traveler's checks or money orders with a face amount of $10,000 or less that a person receives for:

• A designated reporting transaction or
• Any transaction in which the person knows the payer is trying to avoid the reporting requirement.

Note that money orders and cashiers checks under $10,000, when used in combination with other forms of cash for a single transaction that exceeds $10,000, is defined as cash for Form 8300 reporting purposes.