Laredo CBP Seizes $266,000 in Currency

This Laredo Customs currency seizure story proves that everything is bigger in Texas. In this case, Customs seized $266,000 in what they call unreported currency from a 22 year old heading south into Mexico. This story reveals more than just a failure to report, but also bulk cash smuggling, which is the intentional concealing of the money with the intent to evade the reporting requirement. Obviously, if it was only after an “intensive secondary examination” that “packages within the vehicle” were discovered then there was some attempt made to conceal the currency; we can thus logically presume that it was done for the purpose of it not being discovered by Customs so it would not have to be reported. Here is the story (full version here):

U.S. Customs and Border Protection (CBP) officers and agents at the Laredo Port of Entry seized $266,000 in unreported currency in an outbound enforcement action this weekend at the Gateway to the Americas Bridge.

“Our outbound team maintained their vigilance, utilized their keen inspection skills and seized a significant load of unreported currency,” said Port Director Joseph Misenhelter, Laredo Port of Entry.  “Seizures of unreported currency like this one remove the profit potential from possible illicit activity and help advance our border security mission.”

The interception occurred on Saturday, Sept. 12 while CBP officers and Border Patrol agents conducting outbound (southbound) inspections at the international bridge referred a 2007 Chevy Equinox driven by a 22-year-old U.S. citizen from Dallas, Texas for a secondary inspection.  CBP officers conducted an intensive secondary examination of the vehicle and discovered packages within the vehicle that contained $266,000 in unreported currency.

CBP officers seized the currency and the Chevy Equinox.  The driver was turned over by CBP officers to Homeland Security Investigations (HSI) special agents for further investigation.

Individuals are permitted to carry any amount of currency or monetary instruments into or out of the U.S., however, if the quantity is more than $10,000, they will need to report it to CBP. “Money” means monetary instruments and includes U.S. or foreign coins currently in circulation, currency, travelers’ checks in any form, money orders, and negotiable instruments or investment securities in bearer form. Failure to declare may result in seizure of the currency and/or arrest.

If you have had currency seized from Customs do not try to respond yourself but hire our firm, because we know what we are doing and have successfully handled many cases like yours. If you have questions, please give us a call at (734) 855-4999