Re: The Continued Attack on Cash (Was: "The Right of Anonymity"...)

[Tim May <tcmay@got.net>]

At 3:52 PM -0800 2/2/98, Black Unicorn wrote:
>At 06:07 PM 2/2/98 +0000, Attila T. Hun wrote:
>>    I did-- tried to lay $14K out for a Mercedes (25 years ago).
>>    they wouldnt take it.  so I went and picked up two $7K
>>    cashiers from two different banks.  same thing with a pair
>>    of Lycoming IO540 aircraft engines:  2 8s and a 9 --stay
>>    under the $10K transaction.
>
>Careful.  This may well be illegal now.  Structuring transactions to avoid
>reporting requirements is a felony.
>

Maybe illegal _now_, but Attila didn't say _when_. Further, even our former
prosecutor, Brian, told us that prosecutions are only made when some larger
crime is involved.

(For example, if I made two sub-$10K deposits or withdrawals, and then
later _admitted_ this was to bypass reporting requirements, *BUT* no real
criminal activity or tax evasion was involved, no prosecutor in the land
would bother with something so transparently trivial as this. Unless, of
course, they saw an opportunity to take a thought criminal off the streets.
Which is why I don't describe my financial transactions here.)


>
>(I'm not on cpunks, mail me).

Sorry, if you want to read my words ya gotta subscribe.

--Tim May



The Feds have shown their hand: they want a ban on domestic cryptography
---------:---------:---------:---------:---------:---------:---------:----
Timothy C. May              | Crypto Anarchy: encryption, digital money,
ComSec 3DES:   408-728-0152 | anonymous networks, digital pseudonyms, zero
W.A.S.T.E.: Corralitos, CA  | knowledge, reputations, information markets,
Higher Power: 2^2,976,221   | black markets, collapse of governments.
"National borders aren't even speed bumps on the information superhighway."