Buying Corvettes
Thread Starter
Pro
Joined: Jan 2016
Posts: 534
Likes: 12
From: Ohio
Buying Corvettes
Recently saw an ad on Marketplace, guy stated he has lots of money buying any condition Corvettes.
In SEC rules that would be a issue on possible money laundering. Not saying it is but bragging you have plenty of money to buy anything for cash would be a issue.
In SEC rules that would be a issue on possible money laundering. Not saying it is but bragging you have plenty of money to buy anything for cash would be a issue.
Team Owner
Joined: May 2001
Posts: 36,136
Likes: 2,511
From: ...tearing up the highways, one state at a time™®©
Why, is cash no longer legal tender
Team Owner
Joined: May 2001
Posts: 36,136
Likes: 2,511
From: ...tearing up the highways, one state at a time™®©
Administrator
Joined: Jul 2000
Posts: 53,982
Likes: 6,209
From: About 1100 miles from where I call home.
Now, if that person made cash deposits of $9999 a month for 3 months in a row, it would be a different story.
Thread Starter
Pro
Joined: Jan 2016
Posts: 534
Likes: 12
From: Ohio
Cash
[QUOTE=vettebuyer6369;1604640162]I investigated plenty of money laundering cases over the years but I can't say that someone saying they have "lots of cash" would be an issue.
Now, if that person made cash deposits of $9999 a month form 3 months in a row, it would be a different story.
Buy lots of cars for cash then selling them to wash monies would be an issue, if this would be the case.
Now, if that person made cash deposits of $9999 a month form 3 months in a row, it would be a different story.
Buy lots of cars for cash then selling them to wash monies would be an issue, if this would be the case.
Administrator
Joined: Jul 2000
Posts: 53,982
Likes: 6,209
From: About 1100 miles from where I call home.
[QUOTE=thelal1;1604640386]
"Saying he has lots of cash" (your first point) is very different from actually buying lots of cars for cash and selling then while proving laundering. That at a minimum is a business that would be investigated or audited very quickly anyway.
I investigated plenty of money laundering cases over the years but I can't say that someone saying they have "lots of cash" would be an issue.
Now, if that person made cash deposits of $9999 a month form 3 months in a row, it would be a different story.
Buy lots of cars for cash then selling them to wash monies would be an issue, if this would be the case.
Now, if that person made cash deposits of $9999 a month form 3 months in a row, it would be a different story.
Buy lots of cars for cash then selling them to wash monies would be an issue, if this would be the case.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Melting Slicks
Joined: Oct 2003
Posts: 2,076
Likes: 333
From: Dallas TX
St. Jude Donor '06-'09,'22,'25
Drifting
Joined: May 2020
Posts: 1,663
Likes: 702
From: Baton Rouge, Louisiana, metro area
