Under Obama, the risk was low. Now with Trump and Sessions, the risk is much higher.
My friend was in CO, and he was actively exploring ways to legitimately deposit his money via credit unions, or other legal methods. He had a huge friggin safe bolted to the foundation in the back of his shop. He showed it to me. It wasn’t full of cash, but it was “filling.” He was annoyed because he is constantly up against the wall to pay rent for the business, his house, and pay his employees and Uncle Sam… and pretty much all he has on hand, EVER, is stacks and stacks of cash. He needs a bank account. He says he has a bank account with a few thousand dollars in it, but he guards that virtual money with his life! So ack basswards!!! Meanwhile, the CO regulators are constantly coming through, inspecting. So he doesn’t want to do anything illegal with the money. It’s completely nuts. I think he did solve the problem through a credit union that was willing to take his deposits, but I haven’t checked in with him in a while what happened.
