You find a suitcase with £1 million in it. What would you do

[Busso GTA]

try my bloody luck

[djt100]

Keep it, whats the limit you can put in a bank a day without the tax man looking into £5k or sometihng... daily deposits. Then pay off the mortgage

[Dr G]

Straight to the police station.

I've found a reasonably large sum of cash in the past and did exactly this.

[BMW3s6]

what suitcase?

[cirian75]

the amount is subjective

anything up to about 25k I'd hand it in as its possible its someones hard earned, or a bank loan.

a cool mill?

well there is no way that it is legal cash, I'd keep it.

[mrmr96]

cirian75 said:

a cool mill?

well there is no way that is legal

Indeed. The kind of person who has £1m in a suitcase and then loses it is not going to be the kind of person who's going to report the loss to the police. They are also not the kind of person who'll think much of killing you to retrieve it. They would also be unlikely to thank you for handing it in.

Those factors would probably feature strongly within my thinking:
No good having £1m but getting murdered for it.
No good handing £1m in but getting murdered for it.

[RSoovy4]

mrmr96 said:

cirian75 said:

a cool mill?

well there is no way that is legal

Indeed. The kind of person who has £1m in a suitcase and then loses it is not going to be the kind of person who's going to report the loss to the police. They are also not the kind of person who'll think much of killing you to retrieve it. They would also be unlikely to thank you for handing it in.

Those factors would probably feature strongly within my thinking:
No good having £1m but getting murdered for it.
No good handing £1m in but getting murdered for it.

Very much this.

Such a find might end up being a curse, because you would always be looking over your shoulder.

[monthefish]

panholio said:

I would keep quiet on it for a few weeks. See if anything pops up in the media. If nothing then start to use it.

I would look to see if the notes were consecutively numbered or somehow traceable. If so I would do the following.

Slowly introduce the money into my day to day spending by purchasing pretty much all my monthly spends in cash. Fuel/ food/ clothes - small purchases etc etc. I would then overpay my mortgage up to the maximum allowable until I had paid it off. Then move my way up the housing ladder and repeat.

This is a hugely long term strategy though.

If the notes were seemingly untraceable, coke and hookers, holidays etc

Edited by panholio on Thursday 31st October 14:04

Edited by panholio on Thursday 31st October 14:06

Have you seen Shallow Grave?

[Busso GTA]

PMSL Pistonheads where we very much worry about what if's and the danger of finding hypothetical million Jesus spend it and show us how

[benters]

go buy a macca P1

[Busso GTA]

Just to get the ball rolling as per my previous

Try my bloody luck

[LotusOmega375D]

Buy a slightly larger version of the same suitcase to store it in and then pack it away in the loft until the summer holidays.

[Monkeylegend]

Seriously, it would be easier an safer to keep the suitcase than the money.

[panholio]

MacW said:

Surely this is what you spend it on if it is traceable?

yes sorry I got my traceable and untraceable mixed up! Edited!

[chris182]

Get a safety deposit box in a bank and put it all in there to stop anyone nicking it. Then I would start dealing interesting cars to both indulge my hobby and launder the cash gradually into the bank .

Then when that's done, never work a day at a desk again.

[Studio117]

The money is 'dead' and befriending criminals to launder it wouldn't be a smart move.

As long as your cash purchases don't exceed a certain threshold(9k??) then hmrc shouldn't be any bother.

I would continue as normal with a few extra luxuries and buy a big dog.

And move obviously.

[tbc]

would definitely keep it

i would be sure it didn't belong to some old lady and it happened to be her pension

it would probably belong to some drug dealing gangster scumbag so it would be better in my hand than him or the plod who will use it to fund their xmas party

[alexabsolute]

He said the money was untraceable in the first post, id get myself a nice 350k house with a 2 car garage, an r34 skyline as a daily driver (25-40k), a jag xj220 (150-250k), and id keep a lookout for a purple Lamborghini Diablo, invest the rest, life complete.

[Schermerhorn]

A common lawyer said:

23rdian said:

Wouldn't have thought you would need to launder that much?

Erm, take it?

You're going to spend £250 a day, every day, for ten years? That's some serious stamina! If you're paying for bigger stuff in cash (travel, cars, houses) that starts to get suspicious!

£273.99 is the closest I can get to dividing £1,000,000 by 10 years.

[cocopop]

alexabsolute said:

He said the money was untraceable in the first post, id get myself a nice 350k house with a 2 car garage, an r34 skyline as a daily driver (25-40k), a jag xj220 (150-250k), and id keep a lookout for a purple Lamborghini Diablo, invest the rest, life complete.

Wouldn't buying a house in cash raise some eyebrows, as would trying to pay £1 million into your bank? (genuine question)

I'd probably just pay for absolutely everything, fuel/food/smaller luxuries, in cash and save my entire pay cheque each month.