You may think your biggest threat when carrying any amount of cash over $1,000 is a thief or armed robber, but you'd be wrong.
Your most immediate concern is not being robbed by a criminal, but rather, by the very people who are supposed to serve and protect the public.
As one New Jersey man found out when he was on his way to pay for a car he purchased on Ebay, a new heavy handed trend called "policing for profit" is empowering law enforcement officers to ignore fundamental Constitutional safeguards against warrant-less searches.
George Reby was driving down Interstate 40, heading west through Putnam County, when he was stopped for speeding.
A Monterey police officer wanted to know if he was carrying any large amounts of cash.
"I said, 'Around $20,000,'" he recalled. "Then, at the point, he said, 'Do you mind if I search your vehicle?' I said, 'No, I don't mind.' I certainly didn't feel I was doing anything wrong. It was my money."
That's when Officer Larry Bates confiscated the cash based on...
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