5,000 Denomination Travelers checks?

[Blue Collar Guy]

I went on a search warrant years ago at a bank. The contents of the safety deposit box had a large envelope with $5,000 American Express Travelers Cheques. There were maybe 50 of them. i remember being fascinated that the criminal had the brains to circumvent the 100 Dollar bill and get himself basically a 5000 dollar bill. I just googled it, I can only find that they have 1000 travelers checks now. Am i wrong? did they have $5,000 travelers checks years ago or is my memory going?

 

[Texas Proud]

Since you saw them I would bet they sold them....

Remember, they used to have higher denomination currency but now it is not available without buying from a collector...

I looked and you can by a $1,000 note... I remember seeing a $500 note when I was young...

 

[Fedup]

I didn't think we have Travelers Cheque any more, apparently we do. I found 3 banks in my city offer them.

 

[meierlde]

The problem with a $5000 check is you would have to go to a bank to cash it (and they might need notification in advance depending on how much cash they keep on hand). So the demand was likley very low so it was discontinued. Note that Euro checks only go up to 200 euros for example.

 

[CRLLS]

Strangely enough, I did google and find that some Travelers Cheques in foreign currencies are limited to their equivalent of 5000 USD denominations. So I would think so too.

 

[candrew]

I went on a search warrant years ago at a bank. The contents of the safety deposit box had a large envelope with $5,000 American Express Travelers Cheques. There were maybe 50 of them. i remember being fascinated that the criminal had the brains to circumvent the 100 Dollar bill and get himself basically a 5000 dollar bill. I just googled it, I can only find that they have 1000 travelers checks now. Am i wrong? did they have $5,000 travelers checks years ago or is my memory going?

Did the safe deposit box belong to Hans Gruber?!

 

[Blue Collar Guy]

Did the safe deposit box belong to Hans Gruber?!

I had to google that name no. Actually it belonged to an elderly pimp, who had not gotten arrested in over 20 years he was off the radar, but someone ratted on him. I know we called the IRS on him too, i never found out the outcome of the asset forfeiture. His operation was in NYC midtown, the bank was upstate. His home was about 60 miles upstate too, large large property, and what was once a nice home. It was shabby on the inside. He should have spruced up the living situation instead of hording the money. http://www.recordonline.com/article/20060817/News/608170315

 

[Just_Steve]

I had to google that name no. Actually it belonged to an elderly pimp, who had not gotten arrested in over 20 years he was off the radar, but someone ratted on him. I know we called the IRS on him too, i never found out the outcome of the asset forfeiture. His operation was in NYC midtown, the bank was upstate. His home was about 60 miles upstate too, large large property, and what was once a nice home. It was shabby on the inside. He should have spruced up the living situation instead of hording the money. Alleged pimp could lose home, court papers say - News - recordonline.com - Middletown, NY

And the final outcome:

Ben Levine, the Cornwall man who authorities said ran a New York City prostitution business called Cosmopolitan Escorts, will be sentenced to six months in jail today as part of a plea agreement, according to prosecutors.

Plea agreement reached in escort case - News - recordonline.com - Middletown, NY

 

[Blue Collar Guy]

And the final outcome:

Ben Levine, the Cornwall man who authorities said ran a New York City prostitution business called Cosmopolitan Escorts, will be sentenced to six months in jail today as part of a plea agreement, according to prosecutors.

Plea agreement reached in escort case - News - recordonline.com - Middletown, NY

hahaha who said crime dont pay. I think they forfeited the money we seized. Anyway this was where i saw the $5,000 denomination travelers checks.