His real crime was probably not donating to the Democrats.
People do not get it. They can take whatever they want whenever they want. House, money, freedom, life. Buy ammo, it will get worse.
The lesson here is that when you get paid in cash don’t deposit it to a bank.
The so-called punishment for this “crime” is quite excessive, don’tcha think???
This is where our politicians are at war with us. - to plunder and steal from hard working citizens.
I would think a simple $1000 fine and making them fill out their “paperwork” would suit the infraction. Not this.
This all goes back to the war on drugs. Controlling the border is more effective than controlling legitimate financial transactions. Add this story to the list of reasons why the IRS should be shuttered.
He settled with the feds, and now is trying to re-trade the deal by bringing political pressure. So he’s established that his word is no good. Has the statute of limitations run on his criminal conduct?
Saw the news report on this last night.
The thieves need a swift and just sentence!
Did they mention that they encourage the banks to report these NORMAL transactions?
Several years ago the paperwork was a one page sworn affidavit with two blanks to be filled in: source of funds and signature.
This could later be used as evidence of perjury if it turned out the signer was a dope dealer or terrorist but had written “sale of farm produce” in the source blank.
The common element I’ve noticed in the recent rash of cases is, the banker complains about “too much paperwork” and steers the depositor into making multiple deposits without paperwork, which ends up getting the client busted. Something stinks.
Has the law changed? Has the paperwork increased? Or is the banker getting a kickback? The banker knew about “structuring” but entrapped this man. If I were he, I’d sue the bank.
That $10K limit has been on the book for decades back when $10K was worth a lot. Today, $10K is chicken feed for businesses. The limit should be raised considerably or the rule completely done away with. My vote goes to squashing the rule because it’s your money, not the government’s.