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", kent@songbird.com 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