I just went to the supermarket to get a few items for my family and paid the cashier with a hundred dollar bill. She utilized the counterfeit money detector to check its authenticity and guess what happened?
I was police custody in minutes. The freaking bill was counterfeit.
The police took the bill with my name and sent it to the FBI.
I got screwed from a $100 bill last week. Looked good, felt good (whatever that means). My son was looking at it and said this was fake. Sure enough the thread mark was in the location for a $5 bill. Washed and reprinted. Got it from a friendly poker game and only one friend broke out the $100. He said he wanted to split it since I came out ahead. Not happening.
Ah, spending the funds you collect is not smart. They should be deposited in the buisiness account then withdrawn as income. If the police have the story you gave us don’t be surprised if the IRS wants to audit your return in the next year or so.
If you do that, won’t the gov’ment convert it to Obama’s stash? Let’s take a poll on how many deposit cash. I bet most put it in the sock drawer. :mrgreen:
In all fairness, let’s not assume that the person who passed the bad bills, actually knew that they were bad. As in my situation above, I got them from my bank. It is feasible that your client stops at the bank for cash to pay you, and their bank passes them to your client, and your client to you.