Weirdest Customs News of the Weird Ever

In the past, customs news of the weird has usually focused on people smuggling live animals or dead humans into the country. This story has none of that exotica, but it is truly weird.

It seems that a customs broker on the southern border has been going to banks--including the Federal Reserve Bank--and directly to the Bureau of Engraving with large amounts of dirty old cash to exchange for crisp new bills. By "large amounts," I mean around $20 million in $100 bills from the 1970s and 1980s. The story as to the origin of the money seems to be somewhat fluid and a criminal investigation is underway. We do know the money came from Mexico. Oops, that's a problem. While finding money and exchanging old for new currency is perfectly legal, importing it from Mexico without the proper disclosures is illegal. It appears this customs broker overlooked that legal requirement.

It's a crazy story. I know I have readers in the brokerage community in Texas. Does anyone have any inside info on what is going on with this case?

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