Eliot Spitzer's bank turned him in to the IRS

Newsday.com ^ | 3-11-08 | ROBERT E. KESSLER

[JOAT]

Gov. Eliot Spitzer ended up as the subject of an investigation into a prostitution ring because his bank branch in Manhattan turned him in to the Internal Revenue Service as someone who might be engaged in suspicious currency transactions, according to sources familiar with the investigation.

[RDTF]

betcha they are regretting it - he is a millionaire and will promptly remove it all

[SE Mom]

YIKES! No..I hadn’t seen it. Thanks..been out of the loop a lot today.

BUT- have you seen THIS?

http://www.freerepublic.com/focus/f-news/1984035/posts

[RDTF]

I am not too keen on rumors... And that seems far fetched. He is loaded.

[SE Mom]

Yep- he’s loaded- but it’s not just about the $ here...

[SlapHappyPappy]

I have a problem with the law and the way it’s implemented.

I also have a problem with the fact this is being portrayed as a politically motivated witch hunt. Knowing how the system works, not a single person up the line seems to have done anything they are not required by law to do.

Oh, and any former AG should not have been anywhere near this stupid, and if I were George Fox I’d kick Spitzer’s ass to kingdom come the day after he lost his State Trooper escort.

[JOAT]

and if I were George Fox...

No kidding. What kind of 'friend' uses your identity to troll for whores?

[prairiebreeze]

Thanks for that link. We’ve been speculating of mob involvement, could very well be.

[PGalt]

...proclaiming that the IRS are Americas finest is a bit much.

You're probably right, Nebr FAL owner. I REALLY did give pause before posting that part. I HATE CRIMINALS soooooo much that I really have to congratulate those people tremendously for doing their job, especially if they knew beforehand that it was governor Spitzer.

Thanks for your comment. I appreciate it and applaud our point of agreement.

[RDTF]

I just saw on Nancy Grace that it is Bank of America

[traviskicks]

The bank then, as is required by law, filed an SAR, or Suspicious Activity Report, with the Internal Revenue Service...



Libertarian ping! To be added or removed from my ping list freepmail me or post a message here.

[longtermmemmory]

there is one employee whose career is now in jeopardy.

[Travis McGee]

Banks are free to establish whatever protocols they may believe are appropriate to prevent fraudulent transactions. Under the Uniform Commercial Code, a bank is financially liable for permitting fraudulent withdrawals from a depositor’s account. It makes perfect sense that a bank wouldn’t publicize what its protocols were.

That is utter bull$#!+. What is "fraudulent" about a free American citizen withdrawing his own money from his own account in the legal tender of the nation? Please explain what the "fraud" is in that.

[Travis McGee]

The bank then, as is required by law, filed an SAR, or Suspicious Activity Report, with the Internal Revenue Service...

And remember: it's not YOUR money...it's OUR money.

[b4its2late]

I expect my bank has to file one on me every month when the firm that manages my pension funds wires cash into my bank account.

No, I don't believe they do. The CTR is the mechanism to follow actual cash since it is so untraceable from the source. Money wired from your pension funds is easily traceable back to the source. An SAR might also be filed for a cash transaction(s) if these transactions are seen as possible laundering of money, hiding money, or structuring money to fall below the amount necessary to file a CTR. Just because you get a large wire every month, that will not compel the bank to file an CTR. It's not acutal cash, it's an electronic transfer of funds from one bank to another, easily traced.

[JOAT]

there is one employee whose career is now in jeopardy.

Or maybe even their life. After all, we're talking about the inner circle of the Rat party.

[JOAT]

What is "fraudulent" about a free American citizen withdrawing his own money from his own account in the legal tender of the nation?

You seem to be a bit of a 'freethinker' there, comrade.

I'm afraid you're going to need some re-education.

Report to the rail station promptly at 5 AM.

[Travis McGee]

Yeah, I’ll be there. In chains or dead.

[RckyRaCoCo]

Client #9

Client #5

[Eric Blair 2084]

We don’t have private banking laws like the Swiss in the USA. Then again, the Swiss aren’t targets of terrorists. They’re neutral weenies. The Gubmint was looking into public corruption by high ranking officials when they found Swallow or Spitzer.

Unrelated, my 70 yo Dad of all people told me a funny joke today while discussing Elliot...

A traveling salesman in a strange town walks into a whorehouse.

He plops $1,000 in crisp $100 bills in front of the Madame.

“I want a burnt grilled cheese sandwich and the ugliest, fattest woman you have here who will refuse to have sex”, he says.

The Madame picks up the bills, counts it and says “Sir, this a grand, you can have a 5 course meal and the most beautiful woman we have with this kind of money.”

“You don’t understand.” says the man “I’m not really horny and I’m not interested in sex, I’m just homesick.”