Arnold Schwarzenegger Forced to Pay $10,000, Detained in Customs for 3 Hours For Not Declaring Luxury Watch The actor and former governor of California was detained at the Munich airport on Wednesday.

By Emily Rella

Michael Buckner/Variety | Getty Images

He will most certainly not be back.

Actor and former California governor Arnold Schwarzenegger was detained at Munich airport over the weekend due to an extremely expensive watch he neglected to declare at customs while traveling to the country.

The watch, which was supposed to be auctioned off at a charity event in Kitzbuhel, Austria on Thursday, delayed the "Terminator" star by three hours. He said he was not given the proper form before entering to declare the possession.

Schwarzenegger reportedly agreed to prepay over $10,000 in taxes on the watch but due to customs being unable to process his credit card, he was forced to withdraw money from an ATM, which then hit a withdrawal limit.

Related: US Customs Closes Early, Travelers Pay Thousands to Get Home

Authorities then tried to take the 76-year-old to a bank only to find that it was closed, so another officer brought in a new credit card machine, which eventually worked.

And no, this was not the plot of a new Schwarzenegger movie.

"He cooperated at every step even though it was an incompetent shakedown, a total comedy of errors that would make a very funny cop movie," an unnamed source told PEOPLE.

Schwarzenegger's nonprofit, the Schwarzenegger Climate Initiative, plans to properly report the watch once it's auctioned off on Thursday at the Dinner & Auction for Environmental Protection at the Stanglwirt.

The Munich Main Customs Office, meanwhile, said that it has initiated criminal proceedings against the actor for tax evasion since he did not claim the item at customs, per TMZ.

According to the German customs website, travelers must "declare funds of 10,000 euros or more" even though personal possessions brought with passengers are exempt if they are considered personal property.

Related: The 10 Worst Airports in the U.S.

However, the law states, that for "valuable objects such as jewelry, expensive digital cameras, and so on, you may be asked follow a special procedure."

Still, the actor seems to be in high spirits.

"All is well and we look forward to a very successful charity event," a rep for Schwarzenegger told PEOPLE.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Related Topics

Business News

Airbnb Renter Discovers Hidden Door, Says Police Confirm There's a Secret Unit Upstairs With 'Surveillance': 'A Terrifying Experience'

One bride-to-be was in for a not-so-welcome surprise when she discovered a secret door in her Airbnb rental.

Business News

Taco Bell Wants to Be More than a Late-Night Spot as It Unveils New Menu Items for 2024 : 'A Rebel Brand at Our Core'

We attended Taco Bell's inaugural Live Más LIVE! over Super Bowl weekend. It was as over-the-top as you'd expect.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Adapting to Change Is Key to Surviving Every Consumer Demand — Just Ask Netflix, Blockbuster, WeWork and More

Many businesses have closed down because they did not spot major changes and failed to adapt to the new reality. Don't let yours be one of them by learning from history.

Growing a Business

Expand Your Knowledge and Unlock Success With These Must-Read Business Books

Top business books to ignite your entrepreneurial journey.

Growing a Business

Overcome Startup Growth Challenges in 2024 By Utilizing This Valuable Resource

Although there is some hope that the venture capital market is slowly stabilizing, the upcoming year will still be competitive for most startups. Here's a solution that can help some to get ahead in the Hunger Games.