The bank then, as is required by law, filed an SAR, or Suspicious Activity Report, with the Internal Revenue Service, reporting the transfer of the money that exceeded $10,000, but had been broken down into smaller amounts, the sources said.As attorney general you'd think he wouldn't be so naive and stupid.
IRC, patriot act 2 dropped this dollar amount to 5K anyway.
What a stupid schmuck.
1 posted on
03/11/2008 12:35:05 PM PDT by
JOAT
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To: JOAT
Hooray bank employee/management! Hooray IRS! America’s finest!
2 posted on
03/11/2008 12:37:19 PM PDT by
PGalt
To: JOAT
3 posted on
03/11/2008 12:37:54 PM PDT by
TornadoAlley3
(Everytime McCain reaches out to conservatives, conservatives get poked in the eye.)
To: JOAT
Man, someone had a large set of nads at that bank! Can you imagine turning in the Governor of NY?
4 posted on
03/11/2008 12:38:03 PM PDT by
tsmith130
To: JOAT
Spitzer sucks.
But banks are turning you in for the way your gonna handle you own money. Silly. Why not drop it to $1000. This is getting crazy.
5 posted on
03/11/2008 12:38:05 PM PDT by
BGHater
($2300 is the limit of your Free Speech.)
To: JOAT
Yep. He structured the cash transfers to avoid the reporting requirements. The Governor of New York - didn't know what the law said? He was really dumb.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
6 posted on
03/11/2008 12:38:05 PM PDT by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: JOAT
You’d think the libs would howl over 5,000$ to a hooker would be an outrageous amount; money better served being taken from him and thrown down the entitlement hole.
7 posted on
03/11/2008 12:39:21 PM PDT by
InvisibleChurch
(" Nobody likes weepy meat." -- Mayor Quimby)
To: JOAT
To: JOAT
When trading with prostitootsies...
You can't be too careful.
9 posted on
03/11/2008 12:39:43 PM PDT by
billorites
(Freepo ergo sum)
To: JOAT
As attorney general you'd think he wouldn't be so naive and stupid. Supreme arrogance makes people like Spitzer think the rules don't apply to them.
"I have to abide by that rule?! Do you know who I am?!"
To: JOAT
I always thought those regulations were bad government, but if they took out Spitzer, I stand corrected.
To: JOAT
If Wall St. bankers weren't such a bunch of old softies, I'd wonder whether this was payback for Spitzer’s campaigns against them.
To: JOAT
“according to sources familiar with the investigation.”
I doubt it.
More likely he got caught up in an investigation of the ring.
He was “Client # 9” not “Client # 1”
16 posted on
03/11/2008 12:41:18 PM PDT by
Shermy
To: JOAT
Sounds like if he didn’t make the call, they wouldn’t have cared.
18 posted on
03/11/2008 12:42:06 PM PDT by
The_Republican
(You know why Chelsea Clinton is so Ugly? Because Janet Reno is her Father! LOL! - Mac is Back!)
To: JOAT
They ratted yuz out. They ratted yuz all out...
20 posted on
03/11/2008 12:42:20 PM PDT by
Petronski
(Nice job, Hillary. Now go home and get your shine box.)
To: JOAT
Nailed by Patriot Act.
Ergo Bush's fault!
21 posted on
03/11/2008 12:42:28 PM PDT by
Kozak
(Anti Shahada: There is no god named Allah, and Muhammed is a false prophet)
To: JOAT
I work for a bank and right now involved in the rollout of their new AML monitoring system. Spitzer must of been moving a lot of large sums around because there are special watch lists for PEP (politically exposed persons) that are scored very differently than your average bank customer.
The schmuck must of really got sloppy considering how much experience he had in dealing with fraud and money laundering.
30 posted on
03/11/2008 12:47:26 PM PDT by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
To: traviskicks
31 posted on
03/11/2008 12:47:35 PM PDT by
KoRn
(CTHULHU '08 - I won't settle for a lesser evil any longer!)
To: JOAT
“the transfer of the money that exceeded $10,000, but had been broken down into smaller amounts, the sources said.”
What is known as structuring - breaking up cash among various banks to avoid the cash limit.
35 posted on
03/11/2008 12:50:08 PM PDT by
popdonnelly
(Get Reid. Salazar, and Harkin out of the Senate.)
To: JOAT
Hmmm... Wonder if those irs folks are lookin at me? I guess I didn’t know about these rules.
36 posted on
03/11/2008 12:50:09 PM PDT by
commonguymd
(Let the socialists duke it out.)
To: JOAT
“IRC, patriot act 2 dropped this dollar amount to 5K anyway.”
Which means that pretty much anyone could become the subject of an IRS investigation and the paperwork for banks is going to be huge. The US is morphing into a police state before our eyes. Does anyone doubt that a Democrat administration will use the Patriot act via the IRS to attack it's political enemies?
37 posted on
03/11/2008 12:50:19 PM PDT by
monday
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