Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: rktman
Sadly, that's a crime, structuring a financial transaction to evade reporting requirements.

An old widow found her late husband's legally-acquired stash, and her kids told her to put it in the bank. However, being afraid of carrying so much, she took a little at a time. Guess who was criminally charged?

58 posted on 07/09/2024 12:42:19 PM PDT by Vesuvian
[ Post Reply | Private Reply | To 15 | View Replies ]


To: Vesuvian

There must be more to this story. The filing of a SAR does not instigate an arrest, but prompts an investigation. If there is no illegal activity associated with the deposit that is the end of it. There is no law against large cash transactions. What was she charged with?


62 posted on 07/09/2024 10:35:40 PM PDT by Kathy in OC
[ Post Reply | Private Reply | To 58 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson