On Tue, 24 Dec 1996, Dale Thorn wrote:
jim bell wrote:
At 03:29 PM 12/24/96 -0500, Brian Davis wrote:
On Tue, 24 Dec 1996, Dale Thorn wrote: Be especially carefully of structuring a $10,000+ transaction into smaller transactions in an attempt to circumvent the reporting requirements. Doing so ("structuring a transaction") is a felony.
Actually, this kind of stunt fully justifies whatever level of lethal punishment that the public will one day direct at these thugs. Look at what you just said, paraphrased by me:
[snip]
I was surprised at this "settlement" thing. I'd sure like to get more detail on that. A pointer would be *most* appreciated.
There is no case published if that's what you are seeking. The local paper ran a short article about the forfeiture. And the Treasury Department issued a national press release on the first civil monetary penalty levied against an individual for a violation of the Bank Secrecy Act. The decision on how to resolve it was the result of prosecutorial discretion. EBD