this post was submitted on 12 Apr 2026
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The scenario is: you've managed to receive ₩500,000,000 (~$337,265) at a Korean lottery (the catch is, only given in cash) which is delivered to you in two duffel bags. However will there be issues when returning back to the USA with that amount of money since it's bundles of cash via foreign currency when the cap is $10,000 for undeclared amounts?

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[–] TabbsTheBat@pawb.social 41 points 3 weeks ago (1 children)

when the cap is $10,000 for undeclared amounts?

So if it's more than that just declare it?

[–] Multiplexer@discuss.tchncs.de 34 points 3 weeks ago (1 children)

Unless "lottery" is a euphemism for some other means of acquiring a large sum of money that doesn't provide a receipt...

[–] TabbsTheBat@pawb.social 12 points 3 weeks ago (1 children)

Yeah the money? It.. fell off the lorry, yes. That's totally why it's all well circulated bills... What no- that's not from a dye pack, what do you mean?

[–] qualia@lemmy.world 15 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

You know what it is? My business partner got a great deal on fountain pens. The only problem is they're shoddy and leak at the drop of a hat. Oh, yes sir, officer, they do use recycled ink from expired bank exploding dye packs. For the environment and whatnot.

[–] Natanael@slrpnk.net 5 points 3 weeks ago

We rescued second hand paper from the incinerator, sir, like true environmentalists

[–] tangible@piefed.social 28 points 3 weeks ago

This is delightfully specific lmao

[–] Natanael@slrpnk.net 21 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Ask the lottery for signed papers declaring how you got the money from them, then file the paperwork for declaring it. You're probably going to get interviewed for hours, but at the end they'll just tax it and you're done.

(make sure you have copies of the papers both for customs and for the bank if you intend to deposit)

[–] mnemonicmonkeys@sh.itjust.works 15 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

but at the end they'll just tax it and you're done.

Unless you're going to the US. Then they'll press bullshit charges against your money (not you) and seize it for themselves. It's called civil asset forfeiture.

If you're going to the US, either put it into Monero or put it into a bank account and let it be taxed normally. Anything but physical bills, since officers will most likely just steal it

[–] Coastal_Explorer@feddit.online 6 points 3 weeks ago

Adding onto this, the reason they press charges against the money instead of you is that, in the US, you would be innocent until proven guilty. They get around this by "charging the money" instead in which case it can be considered "guilty" until proven innocent.

What happens next is that you would have to sue them to prove the money/property innocent in court to get it back. Additionally you can't sue and recover legal fees. So, if they only confiscated a few thousand dollars, you would likely spend more money trying to win in court than you would get awarded in the end.

It's also worth noting, there's an incentive for the TSA to tip off DEA agents to sieze the cash because the DEA will then share some of the money back to the TSA. Likewise for local/state police, even if they can't sieze it under local laws, they can sieze it for some federal law and then the cash will be split between the law enforcement agency that siezed it and some federal agency.

More information here from a group that's been fighting this in court (and winning some cases with the Supreme Court) here: https://ij.org/issues/private-property/civil-forfeiture/

[–] Triumph@fedia.io 20 points 3 weeks ago (1 children)

So ... declare it. You've got legitimate record of how it was acquired.

[–] Red_October@lemmy.world 8 points 3 weeks ago

You know he doesn't. The lottery doesn't pay with fucking cash in duffel bags. Win the lottery my ass.

[–] chahn.chris@piefed.social 20 points 3 weeks ago

You survived squid game didn’t you?

[–] gole@lemmy.zip 15 points 3 weeks ago

Well, if you win that much then you must go to the lottery's bank (NH) to receive it. As most banks have foreign remittance services I'm sure they will figure out a way to send it abroad for you. Ask for documentation to show your home bank where did the money came from and I think you're good.

Scratch ticket? Congratulations ^^

[–] prole@lemmy.blahaj.zone 14 points 3 weeks ago (1 children)

Just don't come back. It sucks here

[–] kkj@lemmy.dbzer0.com 3 points 3 weeks ago

Half a billion won is not enough to retire, so you'd need to find a job there.

[–] HubertManne@piefed.social 11 points 3 weeks ago

those emails are not legit dude.

[–] scytale@piefed.zip 10 points 3 weeks ago

The 10k cap is not a limit of what you can bring in. You can bring in more as long as you declare it. Obviously you’ll be questioned and probably be investigated, but if the money is clean and legal, you’ll probably just have to pay taxes on it.

[–] muzzle@lemmy.zip 9 points 3 weeks ago

This must be the shadiest post I've seen in quite a while. Ask a professional or get comfortable with cryptocurrencies.

[–] tal@lemmy.today 8 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

I don't really think that I'd want to be hauling around $330k in duffel bags. I don't know how hard it'd be to open a bank account in South Korea, but I can't imagine that it'd be that difficult.

Then deal with having the banks transfer it.

[–] CmdrGraves@lemmy.zip 4 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

open a bank account in South Korea

I would figure that in most countries, you have to be a expat living there first (since tourists can't just open bank accounts as one needs a residential address matching the country in question).

[–] YiddishMcSquidish@lemmy.today 9 points 3 weeks ago (1 children)

With that amount of money, I'm sure you can find a bank willing to take it.

[–] Natanael@slrpnk.net 1 points 3 weeks ago (1 children)

Still not without paperwork. You'll need lawyers too. Going that route can get expensive

[–] Pieisawesome@lemmy.dbzer0.com 3 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

No you won’t.

They would have paperwork from the lottery provider.

A US bank with foreign offices would handle this fine.

It’s only 300k, which might be a lot for you and I, but in bank terms, it’s like $3…

Source: worked at a top 3 bank

[–] Natanael@slrpnk.net 1 points 3 weeks ago (1 children)

Maybe in your country

Over here you need to establish residency first

[–] Pieisawesome@lemmy.dbzer0.com 3 points 3 weeks ago

You misunderstand.

If you have an account at citi, JPMC, etc. they have branches in other countries that will allow you to do banking with the local branch, including things like currency exchange, travelers checks, etc.

The entity you are interacting with is still Citi NA or JPMC NA, but they can service your requests in other countries.

[–] BarbecueCowboy@lemmy.dbzer0.com 7 points 3 weeks ago

This is true with all things in life, but with enough money, most problems fade away.

Banks will tend to drop most of those requirements in exchange for higher minimum balances and potentially fees. The amount of money you need for this will vary wildly country to country.

[–] Luminous5481@anarchist.nexus 7 points 3 weeks ago

With that kind of money, why even come back? Definitely don't bring it in cash, you get stopped by the cops and they are legally allowed to rob you. Then you'll spend years fighting in court to get back whatever they haven't spent.

[–] fizzle@quokk.au 6 points 3 weeks ago (1 children)

I don't really understand the question.

Yes you "can" bring it all in cash, but what will happen is another question.

Like someone else said you'll pay tax on it. That being the case you're probably better off trying to deposit it at a bank and transferring it

[–] MagicShel@lemmy.zip 5 points 3 weeks ago

One possibility is your money gets charged with a crime and is impounded.

[–] redsand@infosec.pub 4 points 3 weeks ago

Art, bearer bonds, metals, jewlery, cars, crypto, etc...

Pretty sure that's the list OP is looking for

[–] DeathByBigSad@sh.itjust.works 3 points 3 weeks ago

The Front Man managed to get the money from S.Korea to the US...

I think I'll be fine...

(Okay seriously tho, I'd buy crypto to launder the money and hide it from IRS...)