How come drug dealers can't be paid by cheque?

[axelfox]

Wiki worthy thread.

 

[Mrfrog840]

Originally posted by: mattocs
Drug addicts are desprerate and may write bad checks for drugs.

If I was a dealer, i'd accept cash, money order, and paypal (verified only)

 

[Stifko]

I know a dealer that takes checks, but he only sells weed and takes a check once in a while.

 

[Estrella]

/quitlife

 

[imported_goku]

What I meant was more of why do they transport large sums of money via cash instead of cheque or something else valueable?

 

[sash1]

Because said check will most likely bounce.

Drug dealers strictly work in cash because that money is illegal. They don't have a bank account, and if they do, they can't deposit drug money in that account because it's illegally acquired and they'll get caught. Working in cash is the easiest and least complicated way to deal.

 

[Garet Jax]

money trail....

and bouncy check

 

[JulesMaximus]

They teach you in school that there is no such thing as a stupid question but really there is. Why do they lie to children like that?

 

[imported_goku]

Originally posted by: JulesMaximus
They teach you in school that there is no such thing as a stupid question but really there is. Why do they lie to children like that?

There are no stupid questions, just stupid people.

Originally posted by: IcebergSlim
ummm it has nothing to do with bouncing checks and everything to do with a paper trail. OP you are stupid.

What about in the movie 'who am I' where the evil guy is trying to transfer money into the other evil guy's account but then jackie chan saves the day and transfers it into a save the children fund account? Why didn't he just pay them in cash then?

 

[rbV5]

While this may seem like a stupid question, I'm trying to wonder, why is it that drug dealers use strictly cash when dealing with drugs

They don't, they barter heavily as well. Jewelry, cell phones, tools and the like can be exchanged quite often.

They don't accept checks for the same reason they don't tack their business card up at the police station break room cork board.

 

[2Xtreme21]

I wonder if any dealer is rich / sophisticated enough to have a card reader for his transactions.

 

[Cobalt]

Originally posted by: KLin
<druggie> Let me get an 8 ball.
<dealer>That's 300 bucks y0.
<druggie> Do you take checks?
<dealer> Sure, but I need 2 forms of ID and I will need to call the bank to verify it.
<druggie> Thanks

8 Ball for 300?! Damn, that's expensive as hell, no wonder they would need to use a check.

 

[jpeyton]

Checks leave a paper trail.

 

[FelixDeCat]

Not just drug dealers but any two bit hood knows that if you deposit or withdraw $5,000 or a series of small transactions totalling that amount within 24-48 hours within 1 account might trigger a SAR (Suspicious Activity Report) from your bank to the Feds.The bank doesnt tell you when you triggered a SAR. Youll know when the Feds look you up....now or several years from now.

This "net" even caught such people as Bob Dole who likes to carry $1,000s in cash. So he withdrew $8,000 a week and caught some Federal attention.

 

[Adica]

Running low on cash, are ya??