CRIME California man robbed of entire life savings outside bank, reports say

Dennis Olson

Dennis Olson

Chief Curmudgeon
_______________
www.foxnews.com /us/california-man-beaten-robbed-life-savings-bank

California man robbed of entire life savings outside bank, reports say
Peter Aitken
2-2 minutes

A California man was beaten and robbed of $200,000 he had just withdrawn from his bank.

Francisco Cornejo had accumulated the hefty sum after selling his home in Huntington Park, according to local reports. On July 30, as he returned to his car following the withdrawal from a local Chase bank, Cornejo was attacked and his life savings ripped from his hands.

The incident was filmed by a bystander, but the footage could only provide the police vague details. The assailant wore a black hoodie and their face was obscured during the incident.

Cornejo's attorney, Nathan Soleimani, said that investigators were searching for surveillance footage from the bank after the suspect managed to get away with all $200,000.

Ex-Denver cop helps find fugitive who shot him in 1971

“Within 30 seconds of just getting to his car, he was grabbed, beaten, robbed, and they took everything from him,” Soleimani told KTLA. "He was literally fighting for his life savings, and when he was being beaten he was doing his best to try and retain the bag that he brought with him."

Cornejo was left with bad bruise on his hip and right arm, and said his shoulder was dislocated during the scuffle, the New York Post reported. Soleimani claimed that his client had not informed anyone of his plans to make the withdrawal.

The FBI has gotten involved with the investigation.

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"Thank God he's alive. His family is grateful he got out of it with just the injuries that he has," Soleimani said. "At the end of the day, they're thankful for him being here."
 
MinnesotaSmith

MinnesotaSmith

Membership Revoked
Bet the bank could get at least some of the serial #s on the bills to the cops IF they were motivated to do so.
 
Krayola

Krayola

Veteran Member
David Nettleton said:
I'm surprised the bank agreed to give him that much cash. Surely he had to make arrangements with the bank to get that much. You are right I believe, Krayola.
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I don't think you can just walk into the bank with no prior notice and get that much cash. So they knew ahead of time he was coming. Think about the salary of the average bank teller. Two hundred grand would probably tempt a lot of people. I'll bet the cops are scouring the phone records even as we speak.
 
MinnesotaSmith

MinnesotaSmith

Membership Revoked
Related:

His odds seem poor for competent police investigation, going by this other California PD:

"King Cowpoke

@kingcowpoke
·
Jun 19

This is the LAPD graduating class. Do you understand yet?"
https://twitter.com/kingcowpoke/status/1274017024255987719/photo/1

Ea43q6KU0AAbRrG
 
M

marsofold

Veteran Member
If a random cop had pulled him over, that much cash would have been confiscated as "suspected drug money". I suspect that he bragged to his "friends" about the upcoming withdrawal and the word got out about it.
 
Texican

Texican

Live Free & Die Free.... God Freedom Country....
Too remove $200,000 from a bank requires prior notice so the bank can acquire the additional funds.

The unanswered question: Why was he taking out such a large sum?

There is more going on than has been released.

Texican....
 
M

MountainBiker

Veteran Member
Krayola said:
Or a bank employee could have tipped someone off.
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No doubt this is what occurred. this guy would have had to arrange ahead of time in order to get that much cash. Someone inside the bank had to of alerted the robber. Or this guy was stupid enough to tell people in his own circle that he was taking out that much cash and the wrong person learned of it. In either event, it was a planned robbery.
 
S

shane

Has No Life - Lives on TB
Krayola said:
Or a bank employee could have tipped someone off.
Click to expand...
That's what I was going to say, reminded me of common practice in Venezuela over past decade.
Had friends sell out their businesses & leave the country cause doing business became impossible.
Not only were there the crooks outside awaiting the call or text from bank clerk, but the cops were
in on it, too. Then, on top of that, if you had any money, they'd kidnap your kids or other family, too,
to get you to empty out your account that they knew exactly how much was in there, via bank clerk.

Coming attractions everywhere here soon, too, if we're not careful.

Panic Early, Beat the Rush!
- Shane
 
R

raven

TB Fanatic
Huntington Park
Median Home value $425,000
Median Income $40,000
97% hispanic
46% foreign born
crime is twice the national average

His daughter said her unemployed parents needed the money to “get through” the coronavirus pandemic, to support her 94-year-old grandmother, pay for her sister’s graduate school tuition and send funds to loved ones in Mexico and El Salvador.

Yes, but you know . . . no one knew he was withdrawing the money

hahahahahaha - what a load of bullshit - - GoFundMe here we come

ktla.com

Man loses life savings in caught-on-video robbery, assault outside Huntington Park bank

A man who had just withdrawn his life savings from a bank in Huntington Park was brutally beaten and robbed in a caught-on-video attack last week. On July 30, Francisco Cornejo had taken out $200,0…
ktla.com ktla.com
 
M

Mary Contrary

Inactive
Krayola said:
I feel terrible for the guy but what was he thinking carrying around that kind of cash?

He should have been armed plus have several people with him who were armed.
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Many yrs ago i had a car accident from a drunk driver. My insurance company was paying me $10,000, but the lawyer took 3,000. So when i went to see the lawyer he gave it all to me in cash in 100 dollar bills. It was pouring rain out. I had on high boots. I tucked all the money inside my socks and boots. I hailed a cab. I will never forget. The driver was black. At the end i folded up a 100 dollar bill real tiny and handed it to him as his tip. I told him not to lose it. He said yeah yeah, thinking it was only a dollar tip. I often wonder how he felt when he saw it was a 100 dollar bill. I will never forget that. I made his day.
 
Squib

Squib

Veteran Member
He could have given $100 to an off duty cop, while still in uniform, to escort him from the bank to his destination (where ever that was) and been perfectly fine.
 
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raven

TB Fanatic
Squib said:
He could have given $100 to an off duty cop, while still in uniform, to escort him from the bank to his destination (where ever that was) and been perfectly fine.
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He could have paid someone $100 to rob him on the way out of the bank
so he did not have his freeloading family bleeding him dry too.

Did you notice? He sold his home, you know the thing that keeps the rain out, but there is no mention of him buying another one. And title companies and escrow agents are prohibited from taking cash because of the drug trade. And sisters tuition - not paid in cash. And sending money to Mexico and El Salvador? What in an envelope through the post office? You know how much trouble it is to deposit $200,000 cash dollars in a bank.

This guy has just as much trouble using $200,000 in dollars as you do . . . unless it is illegal.
 
D

Double_A

TB Fanatic
Seems to me all the legit reasons to take money out, would never necessarily require a lump sum, only regular payments. Money could and should have stayed in the bank with regular withdrawals.
 
Bps1691

Bps1691

Veteran Member
rob0126 said:
Only in the land of oz would taking your own money out of a bank in large sums, or depositing the same, constitute a 'crime'.
Click to expand...

LOL...

... well welcome to the land of "oz" my firend

Ever hear of the civil asset forfeiture program???

Yep, right here in the new USA. DEA, State Troopers, city cops, IRS, the list goes on and on of those "Gooberment" confiscation squads policing for money.

It's a sweet deal - for the cops. Not so much for law abiders just trying to go about their own personal business.

Deposit $10K or take out 10K in cash (or a series of transaction to soon) and your friendly neighborhood bank files a report with the Feds. Which can get you an audit from those "friendly" folks at the IRS/DHS/DEA/etc.

You see the "gooberment" has decided as part of its War On Drugs, that using cash in significant amounts makes you a drug dealer, because we all know only dishonest people today use cash. It's even been upheld by those black robed idiots we call the SCOTUS.

Not only banks, but as a business owner who frequently receive payment for products or services in cash, such as car dealers, roofers, even down to food trucks, hair stylists and restaurants, must also report any cash transactions exceeding $10,000. By law they have to report it or be in trouble themselves.

Pay cash for a car 10K and up and yep the form must be filed. Pay a roofer $10k for a new roof - yep has to be reported.

It doesn't have to be 10K all at once. It's any combination of transactions from one party over a short period of time that hits the 10K mark, is supposed to trigger the owner to file the Fed form.

If a client pays $1,000 each month in cash, the business owner will likely file a Form 8300 in November, after the amount has reached the $10,000 cash threshold, says Morris Armstrong, a Cheshire, Connecticut-based enrolled agent for representing taxpayers before the IRS. "If a person dropped off $10,000 as a retainer for me to handle a tax issue, I would file a Form 8300 within 15 days," he says.
Click to expand...

As a small business owner who deals in cash, you are at the mercy of the particular IRS agent who smells money. Consider the Dehkos who owned a small grocery store in Fraser, Michigan, a city of less than 15,000.

In 2013 the IRS accused them of structuring their deposits in order to avoid being subject to bank reporting. You see their insurance would only cover them if they had less than a certain amount of cash on hand at any on time in their store. So, being smart business folks when the got close to that amount, they would take cash to the bank and make a deposit. They explained all this to the IRS, but as they often do they smelled money to be confiscated, so they did. They NEVER charged them with a crime, they just took the money. It took the owners going to court, paying lawyers and fighting to get the money back.

www.forbes.com

IRS Backs Down, Returns Seized Cash To Family Businesses

Think you always have a right to due process? Think again. Under some circumstances, the federal government believes that it has the right to seize your property without notice and without a requirement for a speedy hearing. Taxpayers in Michigan, with the help of the Institute for Justice, are...
www.forbes.com www.forbes.com

It can happen to anyone with a significant amount of cash on hand when they get stopped or catch the eye of these wonderful agents of the state.


Strange that they picked that particular train and targeted that particular gentleman isn't it?

In certain localities the police specifically look to confiscate money, cars, house ... you name it and they'll steal it.

You're not even safe traveling on a train or plane. Many seem strange, like someone at these agencies are just waiting for a form to come in and then they magically appear, like in this case

There is no presumption of innocence under civil asset forfeiture laws. Rather, law enforcement officers only need to have a suspicion -- in practice, often a vague one -- that a person is involved with illegal activity in order to seize their property. On the highway, for instance, police may cite things like tinted windows, air fresheners or trash in the car, according to a Washington Post investigation last year.
Click to expand...

Traveling cross state lines to buy an antique car with cash? Don't get stopped by the poooo-lice, because if they find the money there is a good chance they'll confiscated it, never charge you with a crime and the law makes you spend large sums on a lawyer and will drag it out until it'll cost you more to get it back than the amount stolen.

The SCOTUS could have put a stop to this decades ago, but in their "infinite" wisdom as life long appointed final arbitrators they've decided its just fine for the all powerful state to steal its citizen's money and assets with no charges or convictions.

“The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.” – John Adams,
 
Last edited:
R

raven

TB Fanatic
Bps1691 said:
LOL...

... well welcome to the land of "oz" my firend

Ever hear of the civil asset forfeiture program???

Yep, right here in the new USA. DEA, State Troopers, city cops, IRS, the list goes on and on of those "Gooberment" confiscation squads policing for money.

It's a sweet deal - for the cops. Not so much for law abiders just trying to go about their own personal business.

Deposit $10K or take out 10K in cash (or a series of transaction to soon) and your friendly neighborhood bank files a report with the Feds. Which can get you an audit from those "friendly" folks at the IRS/DHS/DEA/etc.

You see the "gooberment" has decided as part of its War On Drugs, that using cash in significant amounts makes you a drug dealer, because we all know only dishonest people today use cash. It's even been upheld by those black robed idiots we call the SCOTUS.

Not only banks, but as a business owner who frequently receive payment for products or services in cash, such as car dealers, roofers, even down to food trucks, hair stylists and restaurants, must also report any cash transactions exceeding $10,000. By law they have to report it or be in trouble themselves.

Pay cash for a car 10K and up and yep the form must be filed. Pay a roofer $10k for a new roof - yep has to be reported.

It doesn't have to be 10K all at once. It's any combination of transactions from one party over a short period of time that hits the 10K mark, is supposed to trigger the owner to file the Fed form.



As a small business owner who deals in cash, you are at the mercy of the particular IRS agent who smells money. Consider the Dehkos who owned a small grocery store in Fraser, Michigan, a city of less than 15,000.

In 2013 the IRS accused them of structuring their deposits in order to avoid being subject to bank reporting. You see their insurance would only cover them if they had less than a certain amount of cash on hand at any on time in their store. So, being smart business folks they when the got close to that amount, they would take cash to the bank and make a deposit. They explained all this to the IRS, but as they often do they smelled money to be confiscated, so they did. They NEVER charged them with a crime, they just took the money. It took the owners going to court, paying lawyers and fighting to get the money back.

www.forbes.com

IRS Backs Down, Returns Seized Cash To Family Businesses

Think you always have a right to due process? Think again. Under some circumstances, the federal government believes that it has the right to seize your property without notice and without a requirement for a speedy hearing. Taxpayers in Michigan, with the help of the Institute for Justice, are...
www.forbes.com www.forbes.com

It can happen to anyone with a significant amount of cash on hand when they get stopped or catch the eye of these wonderful agents of the state.


In certain localities the police specifically look to confiscate money, cars, house ... you name it and they'll steal it.

You're not even safe traveling on a train or plane. Many seem strange, like someone at these agencies are just waiting for a form to come in and then they magically appear, like in this case

https://www.washingtonpost.com/news...savings-without-ever-charging-him-of-a-crime/

Strange that they picked that particular train and targeted that particular gentleman isn't it?



The SCOTUS could have put a stop to this decades ago, but in their "infinite" wisdom as life long appointed final arbitrators they've decided its just fine for the all powerful state to steal its citizen's money and assets with no changes or convictions.
Click to expand...
I have made the point on occasion that they do not need to covert to digital currency because for the greatest part the dollar already is digital. They simply allow FRNs to continue to circulate because there is such a small amount of paper money that it is not relevant, criminals needs transaction currency, and it makes people feel safer.
 
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