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Re: The Continued Attack on Cash (Was: "The Right of Anonymity"...)
On Mon, Feb 02, 1998 at 04:46:19PM -0800, Tim May wrote:
> 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.
That's precisely his point,isn't it?
--
Kent Crispin "No reason to get excited",
[email protected] the thief he kindly spoke...
PGP fingerprint: B1 8B 72 ED 55 21 5E 44 61 F4 58 0F 72 10 65 55
http://songbird.com/kent/pgp_key.html