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AxelWolf
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December 26th, 2018 at 2:55:46 PM permalink
Picture this: You purchase a storage unit for $500 and inside find a safe containing $7.5 million in cash. Do you return the money to the original owner or keep it for yourself? That's precisely the scenario one man found himself in after obtaining a unit auctioned off by A&E's Storage Wars star Dan Dotson.

https://www.countryliving.com/life/entertainment/a25307130/storage-wars-dan-dotson-money-hidden-unit/

https://www.tmz.com/2018/11/24/storage-wars-unit-cash-millions-inside-dan-dotson/



Wont authorities be asking questions?

How rich to you have to be to forget to pay your bill on a storage unit that has 7.5 mill in it? Perhaps the owner got sick or something? I assume it takes 3 or 4 months before they can auction it off?

Seems strange to me, I was wondering if this is some kind of publicity stunt to boost up the storage war business.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
GWAE
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December 26th, 2018 at 3:00:38 PM permalink
Quote: AxelWolf

Picture this: You purchase a storage unit for $500 and inside find a safe containing $7.5 million in cash. Do you return the money to the original owner or keep it for yourself? That's precisely the scenario one man found himself in after obtaining a unit auctioned off by A&E's Storage Wars star Dan Dotson.

https://www.countryliving.com/life/entertainment/a25307130/storage-wars-dan-dotson-money-hidden-unit/

https://www.tmz.com/2018/11/24/storage-wars-unit-cash-millions-inside-dan-dotson/



Wont authorities be asking questions?

How rich to you have to be to forget to pay your bill on a storage unit that has 7.5 mill in it? Perhaps the owner got sick or something? I assume it takes 3 or 4 months before they can auction it off?

Seems strange to me, I was wondering if this is some kind of publicity stunt to boost up the storage war business.



I always wonder how legit these are. We watch the series from time to time but when Daryl found paintings worth many millions and now this I wonder even more.
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GWAE
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December 26th, 2018 at 3:06:42 PM permalink
I love commenting before reading the stories. Just read it and it wasnt found on the show, it was just Dan the auctioneer. I think settling it with the original owner was the right thing to do. The buyer still made out plus if the original owner was able to reach out and offer a settlement then they would be able to reach out to do much more if you say no.
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Nathan
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December 26th, 2018 at 5:26:11 PM permalink
I remember this was a debate on my local radio station like last week or so. Kenny the main Radio Host who is like 48 said,"I would turn in that 7.5 million. The person who originally had that 7.5 million is most likely a Crime Boss/Drug Lord and is going to track down the person who bought that storage unit and maybe shove a gun in the new owner's face demanding his 7.5 million. Gabby, his co Radio Host who is like 25 said,"No way would I turn in 7.5 million. I bought that storage unit for $500, fair and square, meaning everything that was left in the storage unit is now legally mine. That's really not my problem that the original owner was irresponsible enough to forget 7.5 million! Kenny once again pointed out that the guy could be an armed Crime Boss/Drug Lord and the new owner of that money would end up on the run, looking over their shoulders. Gabby playfully said she would just hire armed bodyguards with some of that 7.5 million and go on the run out of the Country, laughing with her huge windfall. Kenny was still skeptical that not returning the money was the way to go. Kenny went to the phone lines and EVERYONE said they would KEEP the 7.5 million even after Kenny once again brought up the armed Crime Boss/Drug Lord. Kenny was stunned and floored while Gabby gloated.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
MrV
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December 26th, 2018 at 6:03:37 PM permalink
Take the money and run!
"What, me worry?"
Nathan
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December 26th, 2018 at 6:20:34 PM permalink
Quote: MrV

Take the money and run!



Exactly what Gabby was saying. Just go on the run with the millions of dollars.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
Ayecarumba
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December 26th, 2018 at 6:26:01 PM permalink
How long would it take to turn 7.5 million into Bitcoin?

Who is responsible for taxes on the bonanza? The buyer took possession of the cash, so he is obligated for the whole 7.5. It’s not a donation, so if he later gives some (or most) back, doesn’t the original owner owe as well?
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billryan
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December 26th, 2018 at 6:44:28 PM permalink
Quote: Ayecarumba

How long would it take to turn 7.5 million into Bitcoin?

Who is responsible for taxes on the bonanza? The buyer took possession of the cash, so he is obligated for the whole 7.5. It’s not a donation, so if he later gives some (or most) back, doesn’t the original owner owe as well?




It's not income.
The older I get, the better I recall things that never happened
gamerfreak
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December 26th, 2018 at 7:13:20 PM permalink
Quote: AxelWolf

How rich to you have to be to forget to pay your bill on a storage unit that has 7.5 mill in it? Perhaps the owner got sick or something? I assume it takes 3 or 4 months before they can auction it off?


I would wager that the cash wasn’t acquired legally.
darkoz
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December 26th, 2018 at 8:42:02 PM permalink
The guy executed for the Lindbergh kidnapping claimed he found the money in the house he was renting

It was a few years after the kidnapping and when he began spending the money the FBI was on him within weeks. It was all marked

Not the way anyone wants to go
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Ayecarumba
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December 26th, 2018 at 11:35:27 PM permalink
Quote: billryan

It's not income.


I thought there were tax implications whenever you “find” any asset. Do the folks who found the coffee can with the gold coins in their yard not have to pay taxes on it? If not, it seems like a good way to pass on an estate to your descendants, they can just claim that they bought a safe at a yard sale and it had a million tax free dollars in it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
billryan
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December 27th, 2018 at 12:57:31 AM permalink
Quote: Ayecarumba

I thought there were tax implications whenever you “find” any asset. Do the folks who found the coffee can with the gold coins in their yard not have to pay taxes on it? If not, it seems like a good way to pass on an estate to your descendants, they can just claim that they bought a safe at a yard sale and it had a million tax free dollars in it.



I'm going to retract my previous position. It is income, but a good tax guy would have fun with it.
The older I get, the better I recall things that never happened
FleaStiff
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December 27th, 2018 at 3:18:50 AM permalink
One woman in Glendale stored her husband's corpse in a locker but forgot to pay the fees.
GWAE
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December 27th, 2018 at 4:45:12 AM permalink
Quote: Ayecarumba

I thought there were tax implications whenever you “find” any asset. Do the folks who found the coffee can with the gold coins in their yard not have to pay taxes on it? If not, it seems like a good way to pass on an estate to your descendants, they can just claim that they bought a safe at a yard sale and it had a million tax free dollars in it.



irs even has in their rules. If you steal something it has to be claimed. I always wondered why they don't add tax evasion to people who are convicted of theft.
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darkoz
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December 27th, 2018 at 4:50:03 AM permalink
Quote: GWAE

irs even has in their rules. If you steal something it has to be claimed. I always wondered why they don't add tax evasion to people who are convicted of theft.



Its what they do when they have trouble proving theft

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BlackjackLover
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December 27th, 2018 at 10:09:31 AM permalink
Quote: Nathan

I remember this was a debate on my local radio station like last week or so. Kenny the main Radio Host who is like 48 said,"I would turn in that 7.5 million. The person who originally had that 7.5 million is most likely a Crime Boss/Drug Lord and is going to track down the person who bought that storage unit and maybe shove a gun in the new owner's face demanding his 7.5 million. Gabby, his co Radio Host who is like 25 said,"No way would I turn in 7.5 million. I bought that storage unit for $500, fair and square, meaning everything that was left in the storage unit is now legally mine. That's really not my problem that the original owner was irresponsible enough to forget 7.5 million! Kenny once again pointed out that the guy could be an armed Crime Boss/Drug Lord and the new owner of that money would end up on the run, looking over their shoulders. Gabby playfully said she would just hire armed bodyguards with some of that 7.5 million and go on the run out of the Country, laughing with her huge windfall. Kenny was still skeptical that not returning the money was the way to go. Kenny went to the phone lines and EVERYONE said they would KEEP the 7.5 million even after Kenny once again brought up the armed Crime Boss/Drug Lord. Kenny was stunned and floored while Gabby gloated.


So Gabby thought that she was the only one who could hire armed bodyguards or killers and believed that she could control those people.
billryan
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December 27th, 2018 at 10:29:58 AM permalink
Put a hit out on the previous owner. Pay a couple grand and have peace of mind.
The older I get, the better I recall things that never happened
Rigondeaux
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December 27th, 2018 at 1:58:12 PM permalink
My inclination would be to keep it. I don't see what really changes just because the value of the locker was very high.

As Axel said, the previous owners are likely rich so boo hoo.

Actually, I'd be a lot more likely to return some or all of a score to someone who wasn't rich. e.g. if someone was like, my grandma died and she meant to pass on those gold coins to her grandkids to help them pay for college, but we didn't find out about the locker in time and blah blah blah, you might tug at my heart strings.

If I were to make a deal for the 7.5 mil, it would probably be the reverse of the one made. You get 1.2 and I get 6.3. You're still a millionaire, how bad am I really supposed to feel for you? Next time don't leave your pocket money laying around in a locker you don't pay for.

Sort of interesting that the buyer got such a rotten deal. What legal grounds would there be for suing them? The whole operation seems dubious if you aren't entitled to keep the valuable stuff you find.
AxelWolf
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December 27th, 2018 at 3:03:07 PM permalink
What I want to know, is what idiot opened their mouth in the first place?????

They took a risk and bought it fair and square.

Perhaps everyone that buys crappy lockers should be able to go back to the previous owners and say I want my money back since it was full of worthless ashtrays.

I keep my mouth shut and do not return the money. I'm not sure what to say about the fact that it may belong to someone dangerous. I guess I would hire a private investigator to get me that information and go from there. If I find out it is some dangerous people I give Rigondeaux 500k as a gift and tell him to go all ham on a spending spree.
Then I tell the bad guys I gave him the safe to open for me and he said there was nothing in it.

Perhaps would give Romes or PG the 500k spending spree money. I will have to think on that more.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Rigondeaux
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December 27th, 2018 at 3:31:22 PM permalink
Quote: AxelWolf

What I want to know, is what idiot opened their mouth in the first place?????

They took a risk and bought it fair and square.

Perhaps everyone that buys crappy lockers should be able to go back to the previous owners and say I want my money back since it was full of worthless ashtrays.

I keep my mouth shut and do not return the money. I'm not sure what to say about the fact that it may belong to someone dangerous. I guess I would hire a private investigator to get me that information and go from there. If I find out it is some dangerous people I give Rigondeaux 500k as a gift and tell him to go all ham on a spending spree.
Then I tell the bad guys I gave him the safe to open for me and he said there was nothing in it.

Perhaps would give Romes or PG the 500k spending spree money. I will have to think on that more.



Hmm. Are you sure the money you have now didn't come from a drug dealer? Better safe than sorry. I'm here for you.

In reality, I think that sort of thing happens a lot more in movies than real life. In fact, I think it happens almost exclusively in the movies/tv.

Considering you obtained the money legally, in the unlikely event that it belongs to the terrorist drug dealing mafia, I'm not sure they'd even pursue you. It's not like the money is going to be in a duffle bag in your trunk, and it's not really that easy to just force someone to give you that kind of cash when it is in the bank.

It would make more sense for them to force some random rich person to give them 7.5 mil, because they wouldn't already be linked to the crime.

This would be kind of a cool crime story though. Someone sees a story like this on TV and then PRETENDS to be a drug dealer and tries to shake down the purchaser.
Nathan
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December 27th, 2018 at 5:05:29 PM permalink
Quote: BlackjackLover

So Gabby thought that she was the only one who could hire armed bodyguards or killers and believed that she could control those people.



I do think Gabby's youngish age(25) and being childless comes into play with her carefree attitude whereas Kenny is middle aged, Generation X, and in his 40's and is a father of a preteen girl, so he's going to take this way more seriously than a Millennial in her 20's and see the potentially dangerous consequences of keeping that 7.5 million. What shocked me was that EVERYONE who called in and said that they would keep the 7.5 million all sounded like they were in their mid 30's! O.O
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
billryan
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December 27th, 2018 at 5:35:17 PM permalink
You can't deposit the money in a U.S. bank without showing its legal. Not much to do with that much cash, except store in a safe somewhere.
The older I get, the better I recall things that never happened
Nathan
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December 27th, 2018 at 5:59:54 PM permalink
Quote: billryan

You can't deposit the money in a U.S. bank without showing its legal. Not much to do with that much cash, except store in a safe somewhere.



People would just buy a bunch of gift cards and load up $500 on each of them to circumvent bank Inquisitions.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
AxelWolf
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December 27th, 2018 at 8:54:23 PM permalink
Quote: Nathan

People would just buy a bunch of gift cards and load up $500 on each of them to circumvent bank Inquisitions.

I thought they put a damper on that a while ago. I have a feeling they would notice 7.5 million in gift card purchases from just a few people.

I'm not sure how hard it would be to buy 7.5 million in bit coin using cash. I'm sure it could be done over time.

You could also buy rare coins, gold and silver privately. How would anyone know you didn't just happen to find a rare coin in your collection or whatever? Now you sell the coin and report it.

I have a feeling you could make a deal with a high limit poker player.

You pretend that you are taking action on his play. He inflates his winnings. The taxes are paid over time and money can be put in the bank over time. I'm sure its not that simple, but I have a feeling if done right it would work.

I'm sure there are easier ways to launder money, I don't know.

I wonder how old the bills are? Using lots of old bills might get noticed.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Romes
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December 27th, 2018 at 10:10:48 PM permalink
1) How on Earth does ANYONE know about this? ...unless the owner made it public that his unit was auctioned off and contained 7.5 mill...
2) Take the money.
3) Most of the shows are fake, BUT supposedly they stage the lockers with things the guys have actually found in real life. They just tell all their good stories, basically.
Playing it correctly means you've already won.
Nathan
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December 28th, 2018 at 1:49:09 AM permalink
Quote: AxelWolf

I thought they put a damper on that a while ago. I have a feeling they would notice 7.5 million in gift card purchases from just a few people.

I'm not sure how hard it would be to buy 7.5 million in bit coin using cash. I'm sure it could be done over time.

You could also buy rare coins, gold and silver privately. How would anyone know you didn't just happen to find a rare coin in your collection or whatever? Now you sell the coin and report it.

I have a feeling you could make a deal with a high limit poker player.

You pretend that you are taking action on his play. He inflates his winnings. The taxes are paid over time and money can be put in the bank over time. I'm sure its not that simple, but I have a feeling if done right it would work.

I'm sure there are easier ways to launder money, I don't know.

I wonder how old the bills are? Using lots of old bills might get noticed.



I actually had a detailed in depth thing about the "Put the 7.5 million on gift card thing," but I erased it because it could have looked like I was trying to hijack this thread and show in deep detail how to do a criminal scam, so I cut it way back to a three/ four line post.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
AxelWolf
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December 28th, 2018 at 2:52:39 AM permalink
Quote: Nathan

I actually had a detailed in depth thing about the "Put the 7.5 million on gift card thing," but I erased it because it could have looked like I was trying to hijack this thread and show in deep detail how to do a criminal scam, so I cut it way back to a three/ four line post.

I read that and it sounds like Fantasyland. It would take way too many people for an individual to pull off, you were talking thousands of people. As I said before, I'm sure there are easier ways to clean money. We went over this before with your casino example. The less people you have to deal with the better things are.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Nathan
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December 28th, 2018 at 3:45:42 AM permalink
Quote: AxelWolf

I read that and it sounds like Fantasyland. It would take way too many people for an individual to pull off, you were talking thousands of people. As I said before, I'm sure there are easier ways to clean money. We went over this before with your casino example. The less people you have to deal with the better things are.



I even went as far to say 150,000 people to do it! ;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
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