Safe Deposit Boxes

Discussion in 'Coin Chat' started by silvergold, Jun 19, 2009.

  1. Danr

    Danr Numismatist

    Most of these RICO seizures do not make the headlines. These are not as uncommon as you say. If you are accused of a drug or gambling offense (nothing proven just accused) you lose whatever is in your box (and even if you are proven innocent in court good luck getting it back).
     
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  3. Danr

    Danr Numismatist

    Nor does it disprove it. Add a big bad dog and cameras to the house in question and the SDB starts to look a little lacking. that being said I have a box
     
  4. CamaroDMD

    CamaroDMD [Insert Clever Title]

    It's just like anything else. You can lose your car too...but that isn't a reason not to have one.
     
  5. Danr

    Danr Numismatist

    http://www.youtube.com/watch?v=UdB2YiymmUc
    for those who missed the video it is here. Most seizures are not of this type though most are related to RICO laws and those type of seizures are a very common (everyday) thing.
     
  6. Danr

    Danr Numismatist

    They do seize cars also, by that comment I see that you know what I am talking about.
     
  7. CamaroDMD

    CamaroDMD [Insert Clever Title]

    You make it sound like it's a normal bank event. That's just not the case. Sure, there are times when the Racketeer Influenced and Corrupt Organizations Act is enforced. I have never seen it occur. Like I said, we had one box drilled at the bank I worked at and it was a BIG deal.

    What is that supposed to mean? Here's a novel idea...don't commit federal crimes and your box will be fine.
     
  8. Danr

    Danr Numismatist

    These people are innocent, they have not been convicted of anything.
     
  9. CamaroDMD

    CamaroDMD [Insert Clever Title]

    Why wouldn't I know about it. I can assure you, we only had one box drilled. It's not something they can do secretly. It must be done during bank hours because that's when the vault is open.
     
  10. Danr

    Danr Numismatist

    No boxes are drilled when property is seized (keys are used).
     
  11. Danr

    Danr Numismatist

    "
    * Nearly three-fourths of the people who lose property in forfeiture cases are never charged with a crime.
    * About two-thirds of the people who had property seized had no criminal records in Maricopa County.
    * One of every six people whose property was seized was an uninvolved third party who was not even present when the property was taken. Typically these were parents, siblings, boyfriends, or girlfriends who entrusted their cars or other property to someone who was arrested on a narcotics-related charge.
    * More than $4 million in cash - 54.8% of that taken - was seized from people who were never charged with a crime.
    * More than 800 cars - 72% of those taken - were seized from people who were never charged with a crime.
    * More than 500 guns - 65.6% of those taken - were seized from people who were never charged with a crime.
    * Of the more than 2,400 people whose property was seized, only one in five was ultimately convicted.
    * Only one in 20 went to prison.
    * One in 40 went to prison for five years or more, even though those are the people most likely to be the kingpins at which the law is aimed.
    * For every person imprisoned five years or more, six uninvolved third parties lost property to forfeitures.
    * Despite the law's stated aim of breaking wealthy crime organizations, the average cash seizure is $3,063.
    * According to the Mesa Tribune study, the nine agencies raised $26.5 million in that time period. Typically, forfeiture profits are divided among the agencies that contributed to the case.
    "
    These numbers apply to one county (Arizona's Maricopa county)

    http://www.buildfreedom.com/tl/aforfeit.shtml
     
  12. Stupidcoinguy

    Stupidcoinguy Senior Member

    Danr I'm gonna give you some props on that one.
     
  13. Danr

    Danr Numismatist

    I don' think I will post on this thread anymore since it is getting political.
     
  14. CamaroDMD

    CamaroDMD [Insert Clever Title]

    How would they get the keys?
     
  15. TomCorona

    TomCorona New Member

    so we won't really know how this virus will affect the world until the fall - winter.

    So Desertgem. Will you and your family all be ready to take your mandatory boogie man shots this fall? I can tell ya..not my family brother.:cool:
     
  16. Danr

    Danr Numismatist

    In the case that I am familiar with they were in the apt. Anyway I am posting after I said I would not
     
  17. GDJMSP

    GDJMSP Numismatist Moderator


    While you and others may have found it interesting, there are those who have complained about this thread and reported it. Keep in mind that not everybody sees everything the way you do. You should also keep in mind Rule #8 -

    8 – Subjects we don’t discuss here

    Basically it’s common sense. Just about every person on the planet has heard the saying – “never discuss politics and/or religion”. Why ? Because it starts fights, arguments and causes nothing but hate and discontent. If you wish to discuss politics and or religion, then go someplace else. We don’t allow it here.

    Now I know that some might say that it is impossible to discuss coins sometimes without mentioning politics since it is the politicians that make the decisions regarding coinage – and that is quite true. And since we have phrases like “In God We Trust” on our coins you could say that the discussion of religion is necessary in a way – and that is quite true. Therefore, it will be up to the sole discretion of the Coin Talk Administrators and Moderators as to what constitutes a permissible discussion on these subjects – period.

    This thread was at one point very close to going over the line and was in danger of being closed. Thankfully the discussion turned to follow what we consider to be more acceptable, and that is the only reason it is still open.
     
  18. tonedcoins

    tonedcoins New Member

    I don't know, it's just a nice thing to have your coins close to ya. You know, if people took them and put them in safes then what would be the point of collecting them?
     
  19. rzage

    rzage What Goes Around Comes Around .

    That's why I keep some at home and when I'm done with them I'll go to the vault put those coins back in and take some new ones out . I don't keep the lower value coins in a bank vault unless going on vacation . Plus my bank is three minutes away , and has very good hours .
    rzage:D
     
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