I didn't know about this... I think my country has no such laws in place, if anything my government and police have way too hard of a time trying to remove, arrest, convict anyone.
Still... why did the guy have 500.000$ with him! Next time he should just buy Bitcoin instead, at least no one would be able to take it away because he would be the only one with the pass. This is why I love crypto, freedom from the slavery of government issued laws and money.
maybe he just thought he was "free"?😂
And what happens to you in other countries if the police catch you with $500,000 in untraceable cash?
it isn't illegal to carry cash on you... just so you know
but there are almost no legal reasons to have $500,000 in undocumented cash on you, I can't think of any. It might be reasonable given the preponderance of evidence on the scene to suspect that the money was stolen or drug money, if someone stole $500,000 in proceeds from your church poker night wouldn't you want the police to seize it from the thief if they stopped him?
yup, lucky it was the cops who took his money instead of crooks! lucky it wasn't crooked cops who just kept it, if they had the money legally then they will easily prevail in court.
funny thing is.. it is regularly found in court that they didn't have the authority to steal the millions that they've been confiscating 😀
The fact that happens is proof that the system works, that's my point, I have read a lot of stories about this but haven't found one yet where someone who was really innocent didn't get their money or property back. Sure it's a hassle and an injustice but in the grand scheme of things it seems to rank pretty low on the scale of injustice when compared to people who have been falsely accused of crimes or even people who were the victims of the police going to the wrong address. I find it hard to lose much sleep over people having to make a claim to get their property back when they had their property seized after they couldn't furnish any proof that it was their property. In most places if you were riding around with $500,000 in untraceable cash the police would just take it and throw your body in a cenote. It's pretty great if they log it into evidence and all you have to do is go to the police station or court to get it back.