I would assume he had to pay front end taxes on the money right? If so, they would have given him a voucher or IRS quick form that shows it. Or so I thought. Screw putting that money straight in the bank unless its in CDs. I would be putting most of it in a deposit box and the rest to an investment company.

On a funny side bar............It would be ******* classic if he would take the money to the bank in a "Italian gangster" suit, gold chains, and a gator skin bag.

 

 

You have to deposit like 9900 at a time.

 

Ben

How about a little help with the 12 Bolt Buddy... the Shark is hungry..LOL Congrats to you and your Friend.. And a Big good luck next year..

 

That would take forever!

I would just go down to Harwin and invest it all in some of that fine gold jewelry and Gucci/Versace/Armani stuff! Now that would be money wisely spent!

 

Yeah you need to tell us what he was playing. Dang that's a load of money. You know what bring it to the bank I work for. I'll have it taken care of.

 

bad ***

 

you can get a platinum account at most banks and deposit far more than that at once, no questions asked

 

i would assume someone is about to have a very, VERY fast car!

 

You have to be able to spend alot of $$$ playing holdem to make a lot. Everybody doesnt need to put there 2 week notices in today lol

 

looks like drug dealers!

 

anything over $10k deposited at one time gets reported to the IRS. Thats why the guy eariler said deposit $9900 at a time. FYI

Damn go pay cash for a house.

 

ha wanna buy a car?

 

I drive a V6, therefore I think you should give me some I am in need of an upgrade.


Thats a huge amount of money...im jealous.

 

Total in cash there was about 170k and another 50k in Bellagio chips.

As far as the taxes go it's not the casino's responsibility to report who wins/loses money. So when you collect your cash, you can ask for the proper tax forms, but they don't force anything on you.

When we went to the bank to deposit it he was asked about a million questions where the money came from. Much like a police interrogation. Then they called the casino to verify and yada yada yada. After about an hour and a half they had him fill some forms out and run the money through the counting machines before depositing it into his account.

The only thing cooler than that was Cole driving through the line at the bank and asking to withdrawl 350k from his account for the summer expenses and money to deposit at the cages at Bellagio to play with. You shoulda seen the look on the tellers face when she found out he was serious and had verified his account had WAY more money than that in it. LMAO.

January 08 its my turn.

 

She probably fell out of her chair when she saw the Withdraw slip. LOL

 

damn thats badass

 

proof money doesn't buy brains

 

Proof you don't know what you're talking about.

These guys have million dollar investment funds setup. They make more money a year just off of interest than most people would ever dream to make in a year. Some of them won't ever have to work another day in their lives. Even if they bust through they're current bankroll they'll never work again.

 

what place finish is that? thats an *** load of dough. good luck jan 08