Can we raise an Angel round using cash as opposed to checks or wires?

David S. Rose

There is nothing illegal about it per se, and you are not likely covered by either Sarbanes-Oxley or Anti-Money Laundering regulations,so I doubt if you could get in trouble simply by accepting the cash, but I’ve got a very strong feeling that…

THIS. IS. A. BAD. IDEA.

I have no idea who this person is, but in 2016 anyone insisting on cash for large transactions is (choose one or more):

Laundering moneyCheating on their taxesHiding assets from their spouse

NONE of these is a good thing, and ANY of them can open you up to a hornets nest of troubles, even if you are totally clean yourself.

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