Was wondering about the details of that.
Some employer paid his employees along those lines: say, $50/week ... paid in gold US face-value coin. The IRS had a problem with that.
I can't see how they got him for that. What he was paying them in was in fact legal currency, and he was reporting the value. I would have thought that in order to get him what they'd have had to do was say "Oh, if that gold is evaluated at face value, you're only paying your people $0.50 an hour, and therefore you're in violation of minimum wage laws." How can the US government go to court, state that the value of the currency is NOT what it has already stated it was, and WIN?