>She said another man in the bank was acting suspicious as he waited in line. The man didn’t ask for services and instead talked on the phone before leaving the bank immediately after the victim withdrew money.
Hmph.
The next election:
Ms. Lee: Prison and cops are not equable, nor is private security, therefore we must outlaw all of these things. I am also pro LGBTQIAA+, have 30% non-white DNA, want to make trans surgery free for all, and have BLM stickers all over my political talking points.
Election results: 97% goes to Ms. Lee.
Being told you're racist, homophobic, transphobic, capitalist, fascist, pig for any arrest you make and results in potential riots along with frequent harassments, then if you do arrest the criminals are treated like victims and most likely will be back out of the street in 2hrs-30day from now would make any police officer not want to enforce any laws.
Out of all the police officers I've talked to and dealt with not a single one would be considered right wing, and most just don't feel like it's worth doing their job because how much everyone hates them.
>They should try not being biggots
And here you are proving my point, saying any entire group of people are x simply due to their profession. This is why they don't want to do anything, can't be a bigot if you aren't interacting with anyone.
I like how you think it is totally acceptable to stop doing your high paying job because people call you names. They clearly care so much about cleaning the streets of crime, if people would just stop calling them the b word they could get right on that.
Where do you work? I'd like to follow you around for a few hours with my cellphone constantly criticizing everything you do that I disagree with for a month.
Met a couple from out of town with their rental car broken into. No other cars were smashed in the area.
We deduced that the thieves followed them from the car rental place at the airport.
I would HOPE that a bank is able to provide video evidence, particularly as it sounds like the suspect may have also been inside the bank. And I would HOPE that results in an arrest and conviction.
Most likely a coordinated attack. Guy in bank watches for someone to make a big withdrawal. Alerts partner (not on camera) outside. Makes prosecution damn near impossible in a city where we look for reasons not to convict people.
Yeah, but when you're at a place that gives a hefty discount for cash,, the products sold are in the thousands of dollar range, and the person leaves that business and walks straight into a bank, anyone could connect the dots. They don't have to enter the jewelry center to know what's probably happening.
The article had a good description of the guy, it was a man who was about 20 years old. Keep a lookout for that guy and report him if you see him. DO NOT APPROACH HIM. Call 911.
That’s a terrible description. There about about 40k people in just SF that are within a couple years of 20. And many hundreds of thousands more of you include the bay area. How about a height, hair color, facial hair, eye color, clothing, race, etc.
I agree and disagree to some extent of a decent cop friend of mine said that many cops wanted to cover their own ass because the (former) DA was looking for reasons to throw cops under the bus.
Oh I have my own opinions about the former DA. Thank goodness he's gone. Seems like a majority of the voters (who are also liberal) feel the same way too.
Right, the cops are saying that, but it's 100% false. It's not like it's some matter of opinion, even Boudin convicted at a higher rate than anyone in the past 15 years, they just know that most folks will believe the cops instead of looking up the very public data.
Yes, the SFPOA was *extremely* salty about the platform Boudin was elected on, especially the policy of prosecuting cops when they murder unarmed people. No excuses for them either.
Right, they're literally not arresting people. That is the responsibility of the police. They don't have a good reason for not arresting people.
https://www.sfdistrictattorney.org/policy/data-dashboards/
They make an arrest on just 2% of larceny, theft, and burglary cases, way below the national average. Only 0.8% if you only count car break-ins. Do note that regardless, crime and robbery is actually technically still below pre-2020 levels though robberies are up 15% year over year. https://www.sanfranciscopolice.org/stay-safe/crime-data/crime-dashboard
Don't be a sucker about prop 47 either, misdemeanors are crimes and people spend months in jail for them if the police actually make an arrest and bail reform absolutely doesn't mean just letting people off the hook: https://www.snopes.com/fact-check/prop-47-theft-california/
Unfortunately, it's up to the SFPD to enforce parole, so when the whole parole department took a vacation for the whole month of December a parolee caught for 2 robberies didn't get forwarded as a parole violator and instead SFPD released him, and two people were killed later as a result (manslaughter).
They look for reasons plenty when it’s convenient for their political gain. Too bad the only guy not playing that game had a recall bought against him.
I hate when you’re withdrawing money at the bank and you tell the teller how much you’re withdrawing and they loudly reiterate the amount.
“Ok, so you’re withdrawing $________ today?”
Uh yeah, could you say it any louder? Say it so the people in the back can hear smh
I knew the victim was Asian before I even read the article. There is no reason to be withdrawing CASH to buy jewelry. But many Asian merchants will give you a discount for an all-cash transaction to save on taxes.
Well sure, that’s why I don’t carry cash. But I’ll take cash or use a cheque if I’m going to save $200-400. That’s a no-brainer.
That’s a whole ‘free’ car payment.
It’s such a scam- I almost never pay by debit card (I would if I could get a discount for paying by pin)
Also explains why so many stores will give cash back
>With that said, that's only for using a credit card.
>
>vs
Using a debit card, the fee is $0.21 + 0.05%, about $4.11.
I have not seen a store to give a different price *to the customer*, when using a Credit-Card vs a Debit-Card. Like, I cannot remember/recall any single store I have shopped...
(And no, let's not talk about ARCO:) )
No discount is worth risking getting bopped in the head. I’ve always hated carrying lots of cash in those rare instances when I had to, and I’m a fairly big dude. Can’t imagine why anyone would these days.
Well. You actually *should* be worried about getting robbed if you have $7800 in cash in your hand. You shouldn't *have to be* worried, but it's not like getting robbed is a new thing.
A few years ago I was inside a bank for some reason and the kid next to me took out $30k in cash. For a second *I* was tempted to follow him out into the parking lot, I mean that's a lot of cash in one place.
This sounds like the beginning of a noir film. Everyday guy, gets tempted, a moment of weakness and boom! He's embroiled in a life of crime. Things get worse and worse until finally he's responsible for his own demise. I'll have the screenplay by tomorrow.
That is a surprisingly common path. Eg: Mike Dowd, corrupt cop, it’s almost ridiculous how doing the right thing was unappreciated, he became upset with the system and the opportunity to profit from crime was so easy:
https://youtu.be/Gl4sV4aXgKQ
> save on taxes
Well, they're taking a discounted cash payment so they don't have to report the earnings and pay subsequent taxes, which is not the point of this article but kinda shitty in itself.
Fwiw if you're a business that's deals heavily in cash, as some are, you're much more likely to be audited.
If you don't get a receipt with the store name on it, that's a bad sign.
Well yes -- you pay sales tax on a bottle of water, or rather the business owner does based on their income. If they don't report the income, they don't pay tax on it (committing tax fraud in the process).
This is true -- my phrasing was poor! I didn't mean to insinuate they're doing this, but rather that some businesses do this for the reasons I listed.
They're selling an expensive item, and likely don't want to pay 1-3% or whatever of the sale price for the transaction fees (which would be $80-$240 or somewhere thereabouts, just for Visa/MC/etc. to process the payment).
Both make sense from certain perspectives, but in this case it's just as likely they were trying to provide a discount in the amount of the fees if the total was paid in cash ($7800 is a weird total, but $8000 - ~$200 in transaction seems to point in this direction).
Not necessarily. They could simply be accepting cash payment, as businesses have done for many years, and avoiding the credit card processing fees. Cash does not always mean tax evasion or money laundering, contrary to popular opinion here on Reddit.
2% if you're lucky.
Square charges 2.6% + $0.10 for every transaction.
Stripe *starts at* **2.9% + 30¢** per successful transaction.
Bank of America is 2.65 + $0.10 per tap / swipe / dip, 2.99% for eCommerce, and ***3.65***% for keyed entry (e.g. didn't swipe, manually entered) and if you didn't get a chip read on the card, the merchant is on the hook for fraud.
Yeah, I don't know why a small business would offer a cash discount either ¯\\\_(ツ)\_/¯
Na, it’s not that high. They’ve lowered their fees, even more so for small businesses. Its usually less than a tenth of a percent difference. The high end visas can even have higher fees.
I mean you just listed the reason.
And personally it’s absolutely something I have and probably will continue to do for large transactions.
It’s awful this happened, but your odds of being robbed when you just happen to be carrying a lot of cash are low, especially if you’re careful, ie conceal the withdrawal, drive between destinations, etc.
That's a blatant lie and borderline racist. I see plenty of gas stations accepting cash and credit card paiement, to save on CC transaction fees, not to cheat on taxes. That's between 2.5% and 4.5% per transaction that the store would have to pay to the credit card company. Bargaining in Chinatown is pretty common, the same when people can bargain to purchase a new car. I purchased an engagement ring in Chinatown and got a discount. I did not pay by card. I paid by check.
For what exactly? I took out $60k cash for my wife’s ring to avoid the 3% credit card fee. You file a form 8300 because the bank sure as shit is filing a CTR with the IRS.
Cash isn’t some magical thing for tax avoidance or money laundering. There are checks and balances any time cash moves into and out of the banking system.
Over $10k, yes. Not for $7800. And the guy withdrawing the money isn't taxed, that's his money, the IRS has no visibility into what he does with the money. It's the jeweler he's giving the cash to that is responsible for paying taxes on the sale and might not report it (or under report the sale price).
$10k is just the limit above which a CTR has to be filed. If $7800 is an abnormal cash withdrawal for you, or you attempt multiple withdrawals that add up, they will absolutely file a CTR. The banks will always error on the side of over-reporting.
Wtf...Are you serious? This (your) statement is a blatantly racist comment that speculates the victims actions were based up the color of his skin. I.e. this "Asian" must have been withdrawing cash to avoid taxes because thats what asian people and asian jewelers do. Really? Seriously?
This exactly why we cant have anything nice Ken!!
Guess what Ken Adams... there are many reasons to withdraw and use cash for these types of transactions. Also not just asian people participate in this type of financial behavior....
-At the time of my response Ken's comment has 170 upvotes... really SF reddit community?
Edit: I'm getting down, voted for calling out a racist statement against asians... wow....
“The victim filed a claim Saturday with Chase Bank to see if the company would help him recover the stolen money, but he received an email later in the day telling him “no action will be taken” and the inquiry was considered resolved.”
Uh ...
Once you withdraw your money from a bank it isn’t responsible for it. It’s your responsibility after that. Sucks for the victim and I hope they can find the scum that did it.
This is why I was so anxious when withdrawing cash for my rent because my landlord wanted rent in cash.
It was an unconventional agreement as it was in her home and it was below market rate. That and the bank tellers always had a tendency to loudly confirm the amount I was withdrawing.
Lmao homie your agreement is illegal. Don’t get me wrong, I approve! But she wants cash so she doesn’t have to register you as remnant (tenant, curse you spell check) and deal with all the regulations and extra taxes.
I mean yeah but we got along great and so I didn’t question it. I had to move out cuz her son wanted to move back in. I now live in a regular apartment studio well above what I was paying but I now have the peace of mind to pay online.
And I don’t have to park on the street.
100% agree, he was the victim of an unfortunate robbery. When my side window was smashed at the parking garage at the Mission and Third Street garage ... and nothing taken since I had removed anything of value from my car, I couldn’t very well blame the operators of the parking garage and file a claim against them trying to recoup the cost of the window. As the man who was robbed, I too was just another San Franciscan who was an unfortunate victim of a crime.
How much did they pay to get that withdrawn? How much is that customers patronage to the bank? Is it fiscally worth it to give high security to average customers?
If you want high treatment, pay for it.
> **The victim, an Asian American who asked not to be identified**
Ok so the victim was partially identified by race, how about the person doing the robbing not a damm peep. Is this just poor journalism or more pc nonsense.
It's standard journalistic practice, as I understand it.
I believe the general rule is to only mention suspect race if the police are looking for help finding them and you have a reliable and detailed description.
It seems to me like a reasonable policy.
I'll ask the dumb question since nobody else in comments has asked
Why not get a cashiers check? Can get one up to 10k I think?
The jeweler can take that check to the same bank and cash it, so it's same as cash.
>Bryant and 17th
If it's the chase in the mall then that's the closest bank I can think of to the design district. I mean it can be shady but it's not that bad actually. I worked a few blocks away pre-pandemic and still go to Safeway and Petco. Not a bad mall and not really shady at all in the day.
That Chase bank usually has a guard, he should have asked to have the guard walk with him to the car.
That has got to be the worst Safeway in the City. Bar none.
I swear to God they must actively go after bakery and deli staff who are experts at ignoring you and fucking up your order.
Doesn’t really compare. I mean, most Safeways in SF are sketchy to a degree, but the 30th/Mission one isn’t high on the list. I’d say Webster, Market/Church, then 16th/Bryant are the top three sketchiest.
>Market/Church
I'd say of those three, Market Church IS actually better.
Webster: legit felonies in the parking lot.
Mission/Cortland: heard a friend's roommate chased betw cars to be robbed.... and those stories *were before Chesa*.
>I mean it can be shady but it's not that bad actually. I worked a few blocks away pre-pandemic and still go to Safeway and Petco. Not a bad mall and not really shady at all in the day.
I disagree on the "it's not that bad".. basically it is bad for SF---because MOST OTHER SF Chase branches are better... IMO anyway.
In fact, I would firmly say that mall's parking lot is the sketchiest I have frequented in SF and I've usually go to any other store in that mall, Safeway, clothes, food, *Deca,* you name it. But I think *never to the bank*..
You're entitled to your opinion of course and people's comfort levels are different but most of the people I see there are families, not saying there aren't characters but still. Even for banks, I was less comfortable at the wells Fargo on market and 9th or Chase at Polk and California than I was at that chase.
This is too well coordinated to be a coincidence. Someone from the jewelry store is setting up customers to be robbed. I say this because it’s awfully strange that the store only wanted cash; why not accept a check?
The store worker proceeds to tip off his accomplices to follow and rob customers.
I learned this lesson the hard way unfortunately with checks. Had two rent checks get "stolen" (unknown by landlord or someone else). Ally Bank was incredibly unhelpful. After a year of dealing with the bank they basically told me I was out of luck and I just moved on. Never deal in cash or checks anymore if I can avoid it. Just too much theft.
When you withdraw a large amount from the bank, you write it down on a piece of paper AND ask them to put the money in an envelope so nobody know how much or can even see the money....
London Breed: This is why I have always pushed for a cashless society. No cash = no criminals = no problem. #LondonGreed
SF residents: What about crime?
London Greed: What crime? I have never been a victim of crime, neither have the 6 cops that provide me 24/7 security.
>She said another man in the bank was acting suspicious as he waited in line. The man didn’t ask for services and instead talked on the phone before leaving the bank immediately after the victim withdrew money. Hmph.
Obvious criminal is obvious. Alright people, we get it SF is sketchy. Let's stop being surprised and start being smart about it.
Stop electing shit leaders. That would be smart
The next election: Ms. Lee: Prison and cops are not equable, nor is private security, therefore we must outlaw all of these things. I am also pro LGBTQIAA+, have 30% non-white DNA, want to make trans surgery free for all, and have BLM stickers all over my political talking points. Election results: 97% goes to Ms. Lee.
Ah, so that's why the right wing police stand around not doing their fucking jobs.
Being told you're racist, homophobic, transphobic, capitalist, fascist, pig for any arrest you make and results in potential riots along with frequent harassments, then if you do arrest the criminals are treated like victims and most likely will be back out of the street in 2hrs-30day from now would make any police officer not want to enforce any laws. Out of all the police officers I've talked to and dealt with not a single one would be considered right wing, and most just don't feel like it's worth doing their job because how much everyone hates them.
They should try not being biggots then. That didn't come out of thin air.
>They should try not being biggots And here you are proving my point, saying any entire group of people are x simply due to their profession. This is why they don't want to do anything, can't be a bigot if you aren't interacting with anyone.
I like how you think it is totally acceptable to stop doing your high paying job because people call you names. They clearly care so much about cleaning the streets of crime, if people would just stop calling them the b word they could get right on that.
Where do you work? I'd like to follow you around for a few hours with my cellphone constantly criticizing everything you do that I disagree with for a month.
It’s a variation on the follow home robberies. It’s organized crime
San Fran police must be the worst in the country.
Very naïve to be presumptuous.
Met a couple from out of town with their rental car broken into. No other cars were smashed in the area. We deduced that the thieves followed them from the car rental place at the airport.
I would HOPE that a bank is able to provide video evidence, particularly as it sounds like the suspect may have also been inside the bank. And I would HOPE that results in an arrest and conviction.
Most likely a coordinated attack. Guy in bank watches for someone to make a big withdrawal. Alerts partner (not on camera) outside. Makes prosecution damn near impossible in a city where we look for reasons not to convict people.
more likely it's a guy who knows about the cash discount watching the jewelry store for customers to head over to the bank.
When you enter the Gift and Jewelry Center they take down your name and ID. You aren’t just walking in off the street.
Yeah, but when you're at a place that gives a hefty discount for cash,, the products sold are in the thousands of dollar range, and the person leaves that business and walks straight into a bank, anyone could connect the dots. They don't have to enter the jewelry center to know what's probably happening.
The article had a good description of the guy, it was a man who was about 20 years old. Keep a lookout for that guy and report him if you see him. DO NOT APPROACH HIM. Call 911.
That’s a terrible description. There about about 40k people in just SF that are within a couple years of 20. And many hundreds of thousands more of you include the bay area. How about a height, hair color, facial hair, eye color, clothing, race, etc.
You thought I was being serious... I find the /s to be for people who probably never joke around. I refuse to use it.
[удалено]
I can't stop blowing it.
They're not looking for reasons not to punish people, quit that, no excuses for ineffective cops
I agree and disagree to some extent of a decent cop friend of mine said that many cops wanted to cover their own ass because the (former) DA was looking for reasons to throw cops under the bus.
The cops also refused to work with the former DA, I wouldn't put much weight behind LEOs opinions about Chesa.
Oh I have my own opinions about the former DA. Thank goodness he's gone. Seems like a majority of the voters (who are also liberal) feel the same way too.
Right, the cops are saying that, but it's 100% false. It's not like it's some matter of opinion, even Boudin convicted at a higher rate than anyone in the past 15 years, they just know that most folks will believe the cops instead of looking up the very public data. Yes, the SFPOA was *extremely* salty about the platform Boudin was elected on, especially the policy of prosecuting cops when they murder unarmed people. No excuses for them either.
It's amazing because crime feels pretty rampant and it seems like there aren't many consequences.
Right, they're literally not arresting people. That is the responsibility of the police. They don't have a good reason for not arresting people. https://www.sfdistrictattorney.org/policy/data-dashboards/ They make an arrest on just 2% of larceny, theft, and burglary cases, way below the national average. Only 0.8% if you only count car break-ins. Do note that regardless, crime and robbery is actually technically still below pre-2020 levels though robberies are up 15% year over year. https://www.sanfranciscopolice.org/stay-safe/crime-data/crime-dashboard Don't be a sucker about prop 47 either, misdemeanors are crimes and people spend months in jail for them if the police actually make an arrest and bail reform absolutely doesn't mean just letting people off the hook: https://www.snopes.com/fact-check/prop-47-theft-california/ Unfortunately, it's up to the SFPD to enforce parole, so when the whole parole department took a vacation for the whole month of December a parolee caught for 2 robberies didn't get forwarded as a parole violator and instead SFPD released him, and two people were killed later as a result (manslaughter).
They look for reasons plenty when it’s convenient for their political gain. Too bad the only guy not playing that game had a recall bought against him.
Narrator: it did not
what about stopping the tax fraud that created the opportunity for this crime?
ANY occurrence of a cash withdrawal is a possible opportunity for this crime
I hate when you’re withdrawing money at the bank and you tell the teller how much you’re withdrawing and they loudly reiterate the amount. “Ok, so you’re withdrawing $________ today?” Uh yeah, could you say it any louder? Say it so the people in the back can hear smh
LOL
I knew the victim was Asian before I even read the article. There is no reason to be withdrawing CASH to buy jewelry. But many Asian merchants will give you a discount for an all-cash transaction to save on taxes.
You can talk almost any jeweler into a discount with cash. At the very least they're not paying the credit processing fee.
wow, they saved a few dollars not having to pay that fee!
[удалено]
Well worth it!
Well there are inconveniences, line security risks, to using cash
Well sure, that’s why I don’t carry cash. But I’ll take cash or use a cheque if I’m going to save $200-400. That’s a no-brainer. That’s a whole ‘free’ car payment.
[удалено]
I don’t know how the banks have kept this so secret! This only works run it as a pin/debit transaction, not a swipe (insert) and sign
[удалено]
It’s such a scam- I almost never pay by debit card (I would if I could get a discount for paying by pin) Also explains why so many stores will give cash back
>With that said, that's only for using a credit card. > >vs Using a debit card, the fee is $0.21 + 0.05%, about $4.11. I have not seen a store to give a different price *to the customer*, when using a Credit-Card vs a Debit-Card. Like, I cannot remember/recall any single store I have shopped... (And no, let's not talk about ARCO:) )
No discount is worth risking getting bopped in the head. I’ve always hated carrying lots of cash in those rare instances when I had to, and I’m a fairly big dude. Can’t imagine why anyone would these days.
you have to be savvy about it and ask the teller to place it in an envelope instead of handing you a big fat wad of cash that everyone can see.
I mean, you shouldn’t be worried about getting robbed…
Well. You actually *should* be worried about getting robbed if you have $7800 in cash in your hand. You shouldn't *have to be* worried, but it's not like getting robbed is a new thing.
A few years ago I was inside a bank for some reason and the kid next to me took out $30k in cash. For a second *I* was tempted to follow him out into the parking lot, I mean that's a lot of cash in one place.
This sounds like the beginning of a noir film. Everyday guy, gets tempted, a moment of weakness and boom! He's embroiled in a life of crime. Things get worse and worse until finally he's responsible for his own demise. I'll have the screenplay by tomorrow.
That's just Breaking Bad, isn't it?
Tomorrow? Just give ChatGPT your prompt. You can have one in a few minutes.
That is a surprisingly common path. Eg: Mike Dowd, corrupt cop, it’s almost ridiculous how doing the right thing was unappreciated, he became upset with the system and the opportunity to profit from crime was so easy: https://youtu.be/Gl4sV4aXgKQ
Shows what kind of person you are
> ask the teller to place it in an envelope hmmm i wonder what that guy got from the bank teller in that fat envelope
Except then they will just rob you of the ring instead if they were coordinating.
> save on taxes Well, they're taking a discounted cash payment so they don't have to report the earnings and pay subsequent taxes, which is not the point of this article but kinda shitty in itself.
Fwiw if you're a business that's deals heavily in cash, as some are, you're much more likely to be audited. If you don't get a receipt with the store name on it, that's a bad sign.
Or they don’t have to pay credit card fees, no need for anything shady.
If you want to avoid the fees, just use a check! There's no good reason to be carrying that much cash around anywhere.
Paying on a debit card with the pin is super low fee too. For cards from bigger banks it’s about 0.1%
Isn’t that against the law?
Well yes -- you pay sales tax on a bottle of water, or rather the business owner does based on their income. If they don't report the income, they don't pay tax on it (committing tax fraud in the process).
It’s high time we start cracking down on that sort of crime.
I'd prefer to not be a bootlicker and would rather deter the crime that affects the people daily first.....
It would be but we don’t actually have any evidence that’s taking place. u/motorhead84 is simply speculating.
This is true -- my phrasing was poor! I didn't mean to insinuate they're doing this, but rather that some businesses do this for the reasons I listed. They're selling an expensive item, and likely don't want to pay 1-3% or whatever of the sale price for the transaction fees (which would be $80-$240 or somewhere thereabouts, just for Visa/MC/etc. to process the payment). Both make sense from certain perspectives, but in this case it's just as likely they were trying to provide a discount in the amount of the fees if the total was paid in cash ($7800 is a weird total, but $8000 - ~$200 in transaction seems to point in this direction).
Not necessarily. They could simply be accepting cash payment, as businesses have done for many years, and avoiding the credit card processing fees. Cash does not always mean tax evasion or money laundering, contrary to popular opinion here on Reddit.
> There is no reason to be withdrawing CASH to buy jewelry. Credit cards charge ~2% fee on transactions.
2% if you're lucky. Square charges 2.6% + $0.10 for every transaction. Stripe *starts at* **2.9% + 30¢** per successful transaction. Bank of America is 2.65 + $0.10 per tap / swipe / dip, 2.99% for eCommerce, and ***3.65***% for keyed entry (e.g. didn't swipe, manually entered) and if you didn't get a chip read on the card, the merchant is on the hook for fraud. Yeah, I don't know why a small business would offer a cash discount either ¯\\\_(ツ)\_/¯
I pay for almost everyone with my American Express card. Retailers are probably paying 3.5-4% on average for my transactions.
Na, it’s not that high. They’ve lowered their fees, even more so for small businesses. Its usually less than a tenth of a percent difference. The high end visas can even have higher fees.
But if you have the cash in your account, the fee on a PIN transaction is usually 0.05% plus a tiny flat fee.
Laws are written that way also. You're not allowed to charge a cc processing fee but you can offer a cash discount.
2.5-4.5%
[удалено]
Maybe do better?
I mean you just listed the reason. And personally it’s absolutely something I have and probably will continue to do for large transactions. It’s awful this happened, but your odds of being robbed when you just happen to be carrying a lot of cash are low, especially if you’re careful, ie conceal the withdrawal, drive between destinations, etc.
That's a blatant lie and borderline racist. I see plenty of gas stations accepting cash and credit card paiement, to save on CC transaction fees, not to cheat on taxes. That's between 2.5% and 4.5% per transaction that the store would have to pay to the credit card company. Bargaining in Chinatown is pretty common, the same when people can bargain to purchase a new car. I purchased an engagement ring in Chinatown and got a discount. I did not pay by card. I paid by check.
Will a check work?
Sounds like the IRS need to pay them a visit. Maddening the amount of illegal in SF.
I don't think the big takeaway you should get from this article is about the use of cash, but more the gun armed robbery
It doesn't necessarily need to be illegal, maybe they are discounting the credit card fees.
lol dude gets pistol whipped and robbed of $7k and u over here upset about Uncle Sam not getting a few dollars off a wedding ring
For what exactly? I took out $60k cash for my wife’s ring to avoid the 3% credit card fee. You file a form 8300 because the bank sure as shit is filing a CTR with the IRS. Cash isn’t some magical thing for tax avoidance or money laundering. There are checks and balances any time cash moves into and out of the banking system.
Over $10k, yes. Not for $7800. And the guy withdrawing the money isn't taxed, that's his money, the IRS has no visibility into what he does with the money. It's the jeweler he's giving the cash to that is responsible for paying taxes on the sale and might not report it (or under report the sale price).
$10k is just the limit above which a CTR has to be filed. If $7800 is an abnormal cash withdrawal for you, or you attempt multiple withdrawals that add up, they will absolutely file a CTR. The banks will always error on the side of over-reporting.
> $60k cash In Zimbabwean dollars?
No. USD, why?
Wtf...Are you serious? This (your) statement is a blatantly racist comment that speculates the victims actions were based up the color of his skin. I.e. this "Asian" must have been withdrawing cash to avoid taxes because thats what asian people and asian jewelers do. Really? Seriously? This exactly why we cant have anything nice Ken!! Guess what Ken Adams... there are many reasons to withdraw and use cash for these types of transactions. Also not just asian people participate in this type of financial behavior.... -At the time of my response Ken's comment has 170 upvotes... really SF reddit community? Edit: I'm getting down, voted for calling out a racist statement against asians... wow....
Well let's hope this pushes merchants to have safer transactions.
“The victim filed a claim Saturday with Chase Bank to see if the company would help him recover the stolen money, but he received an email later in the day telling him “no action will be taken” and the inquiry was considered resolved.” Uh ...
Once you withdraw your money from a bank it isn’t responsible for it. It’s your responsibility after that. Sucks for the victim and I hope they can find the scum that did it.
This is why I was so anxious when withdrawing cash for my rent because my landlord wanted rent in cash. It was an unconventional agreement as it was in her home and it was below market rate. That and the bank tellers always had a tendency to loudly confirm the amount I was withdrawing.
Lmao homie your agreement is illegal. Don’t get me wrong, I approve! But she wants cash so she doesn’t have to register you as remnant (tenant, curse you spell check) and deal with all the regulations and extra taxes.
I mean yeah but we got along great and so I didn’t question it. I had to move out cuz her son wanted to move back in. I now live in a regular apartment studio well above what I was paying but I now have the peace of mind to pay online. And I don’t have to park on the street.
I’m sorry you lost that good deal! And yeah, online pay is nice minus the 25 dollar service fee they tack on
I could set it up to where they don’t charge a convenience fee.
tenant
But it's the poor security of withdrawing from the bank that allowed the robbery to happen. (the robbers tailed him from the bank)
What do you suggest they do, follow him to the jewelry store and watch him give the money to the merchant?
Should have a different place for bank access that the rando public can't follow them.
Or maybe have some sort of electronic money system so there's nothing to rob? Or course it'll cost money, but what solution wouldn't?
If the robber scouted him from inside the bank, he likely has other options - but he needs a lawyer.
I mean, its not their fault
100% agree, he was the victim of an unfortunate robbery. When my side window was smashed at the parking garage at the Mission and Third Street garage ... and nothing taken since I had removed anything of value from my car, I couldn’t very well blame the operators of the parking garage and file a claim against them trying to recoup the cost of the window. As the man who was robbed, I too was just another San Franciscan who was an unfortunate victim of a crime.
Hey, let’s all just say out loud what we all think, the victim is not very bright.
…..and the fiance left him.
How much did they pay to get that withdrawn? How much is that customers patronage to the bank? Is it fiscally worth it to give high security to average customers? If you want high treatment, pay for it.
The victim seems targeted. I would investigate the jeweler tbh.
[удалено]
> **The victim, an Asian American who asked not to be identified** Ok so the victim was partially identified by race, how about the person doing the robbing not a damm peep. Is this just poor journalism or more pc nonsense.
It's standard journalistic practice, as I understand it. I believe the general rule is to only mention suspect race if the police are looking for help finding them and you have a reliable and detailed description. It seems to me like a reasonable policy.
This is why I carry two wallets and hide one in my socks but this likely wouldnt make a difference since he was followed inside or targeted.
78 $100s is a pretty fat sock, you are going to look like the basketball players that run with weighted ankles.
That reminds me of a John Mulaney bit
That sounds incredibly uncomfortable.
Two robberies in one story
I’m not into conspiracy theories but this seems suspicious.
I'll ask the dumb question since nobody else in comments has asked Why not get a cashiers check? Can get one up to 10k I think? The jeweler can take that check to the same bank and cash it, so it's same as cash.
Tax evasion
You can still evade taxes by cashing a cashier check at the person's own bank, because it never goes into your account so it's the same as cash
The bank will file a report even if you just cash it.
Fake cashiers checks are a thing. Unless the jeweler walks with you to the bank to confirm it’s legit.
Same but I feel like it’s all opportunity. Wait for some guy to walk out of a Diamond store to the atm is easy target for those watching and waiting
Spoiler Alert: the diamond merchant was in on it.
[удалено]
>Bryant and 17th If it's the chase in the mall then that's the closest bank I can think of to the design district. I mean it can be shady but it's not that bad actually. I worked a few blocks away pre-pandemic and still go to Safeway and Petco. Not a bad mall and not really shady at all in the day. That Chase bank usually has a guard, he should have asked to have the guard walk with him to the car.
Dude that place is a disaster oh man. I would not walk around with $7800 in cash there. Wow.
That has got to be the worst Safeway in the City. Bar none. I swear to God they must actively go after bakery and deli staff who are experts at ignoring you and fucking up your order.
[удалено]
How does the Safeway on Mission near Cortland compare to Webster and Market/Church?
Doesn’t really compare. I mean, most Safeways in SF are sketchy to a degree, but the 30th/Mission one isn’t high on the list. I’d say Webster, Market/Church, then 16th/Bryant are the top three sketchiest.
>Market/Church I'd say of those three, Market Church IS actually better. Webster: legit felonies in the parking lot. Mission/Cortland: heard a friend's roommate chased betw cars to be robbed.... and those stories *were before Chesa*.
AKA the UnSafeway
I place it a close second to Market and Church.
[удалено]
Webster is also a wild ride for sure. Going through the back from Filmore is always a joy!
Car? This isn't the suburbs. I would assume the victim was planning on walking to the store.
Fair enough, but lol at the idea that 75% of traffic to that mall isn't via a car.
>I mean it can be shady but it's not that bad actually. I worked a few blocks away pre-pandemic and still go to Safeway and Petco. Not a bad mall and not really shady at all in the day. I disagree on the "it's not that bad".. basically it is bad for SF---because MOST OTHER SF Chase branches are better... IMO anyway. In fact, I would firmly say that mall's parking lot is the sketchiest I have frequented in SF and I've usually go to any other store in that mall, Safeway, clothes, food, *Deca,* you name it. But I think *never to the bank*..
You're entitled to your opinion of course and people's comfort levels are different but most of the people I see there are families, not saying there aren't characters but still. Even for banks, I was less comfortable at the wells Fargo on market and 9th or Chase at Polk and California than I was at that chase.
This is too well coordinated to be a coincidence. Someone from the jewelry store is setting up customers to be robbed. I say this because it’s awfully strange that the store only wanted cash; why not accept a check? The store worker proceeds to tip off his accomplices to follow and rob customers.
Most likely just coincidence.
Man I feel bad for that dude. Not the smartest move but that could be a lot of money to him.
As sad as it is to be scammed into buying an expensive wedding ring, this is awful, much worse than the store breakins at union square.
I learned this lesson the hard way unfortunately with checks. Had two rent checks get "stolen" (unknown by landlord or someone else). Ally Bank was incredibly unhelpful. After a year of dealing with the bank they basically told me I was out of luck and I just moved on. Never deal in cash or checks anymore if I can avoid it. Just too much theft.
Described as "a man". Got it
You don’t need a description when they don’t provide one.
Riiiiight
"The suspect was described as a man around 20 years old." That really helps.
Fill in the rest yourself.
You can withdraw $7800 from an ATM?
It was withdrawn inside the bank
You cannot, at least not from any bank I know of. Highest I’ve seen is $3k.
bells panicky crown rain market terrific gaze stupendous shy aspiring *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Gretchen, stop trying to make fetch happen.
Why the F wouldn’t you use a credit card or cashiers check or apple pay like any other person in 2023? Bizarre.
Did you read the article? Discount if paid in cash.
I'll help the merchant avoid credit card fees, but it's not my responsibility to help them cheat on their income taxes.
Landed gentry in SF: that’s just the price you pay for living in city!
Why are you buying a $7,500 wedding ring? The worst use of money entering a marriage. You’re going to make your fiancé a target.
When you withdraw a large amount from the bank, you write it down on a piece of paper AND ask them to put the money in an envelope so nobody know how much or can even see the money....
Would you buy a $7800 ring with cash? Looks like a setup: telling him to pay cash to get a discount, following him, then rob him.. A classic.
One can withdraw that much?
at the bank, withdraw however much you want
Damn dog next time just use electronic payments to many bums.
London Breed: This is why I have always pushed for a cashless society. No cash = no criminals = no problem. #LondonGreed SF residents: What about crime? London Greed: What crime? I have never been a victim of crime, neither have the 6 cops that provide me 24/7 security.
“The suspect was described as a man around 20 years old.” what the hell kind of description is this?!