Re:Confessions of a Bitcoin Widow
by ryan_lane on Tuesday February 15, 2022 @02:57PM
(#30351790)
Just because the money itself was legitimate, doesn't mean something shady wasn't going on. The buyer could have been laundering money, with your friend actively helping him. For his sake, I hope he verified the other person's details and saved them, because if he deposited >$10k cash, it was reported to the government, and he'd be responsible for saying where it came from, and they may not like the answer.
[ Parent
| on HN ]
Well for one, in the UK, when you sell a car, the seller fills out a little chit and mails it to the government, who then mail a new title to the buyer. So at least there'd be record of the sale, and an address to start to track where the money came from. In addition I think he thought the bank's security cameras would add critical information about the seller. Not sure what other verification he may have done.