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Rolling in the Dough

A colleague was chuckling about a client who thought a “cash deal” really meant a buyer would show up with a suitcase full of money. “Imagine that!” he marveled.

 

I smiled, then shared that, back in the days before detecting money laundering was everyone’s business, I had a client that sort-of operated like that. This man owned a couple of bagel stores back when I represented him in the 1980s. He’d buy houses for under $50,000 each, and come to the closing with stuffed sacks of singles, fives, tens, and twenties (after I did so, the seller’s counsel would also have to sit there and count it).

 

Mr. Bagel bought three houses over the time that I represented him. At the first two closings, no one said a word about the overflowing shopping bags and ample laundry sacks he’d dump out on the conference tables. However, at the third one, the buyer asked, “Where’d you get so much cash?”

 

The Bagel Man tensed for just a moment, then winked and said, “My grandma keeps money in her mattress. When it gets too lumpy for her to sleep on, she bags ups some of her cash and gives it to me to buy a house.”

Comments

( 2 comments — Leave a comment )
(Anonymous)
Mar. 14th, 2012 04:14 pm (UTC)
I seem to remember someone owning bagel stores....
real_lawyer
Mar. 15th, 2012 11:45 am (UTC)
Laundromat owners were big then, too!
( 2 comments — Leave a comment )

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