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.
Will he go to jail? Unlikely. Dems don’t go to jail. They make deals. Ordinary citizens go to jail.
I suspect the IRS had to get the go-ahead from SecTreas to actually go ahead on the wiretap order.
Good for the bank.
As a guy coming down on the financial industry with both jackbooted feet, you’d think he wouldn’t be so naive and stupid.
I wonder who the owners of this “club” are? And whether espionage has any relevance in all this?
The Soviets did this all the time...I wonder if any Muslim money is invoved?
We can tell the folks at DU we’ve found the center of the vast right wing conspiracy - Spitzer’s bank branch.
They think Spitzer’s being framed.
However, if you dislike having others know your business, working outside the banking industry by employing cash is still the best way to go.
I'm glad this pompous, self-righteous, sack of liberal excrement has destroyed himself, it's a kind of poetic justice, but each and every one of you is under the same kind of scrutiny by busy bodies at the bank.
Cashing your paycheck and keeping the money locked up at home may not be possible for everyone, but I wouldn't have it any other way. I use cash for everything that I possibly can, even though I'm not a drug dealer or whore monger, I like my privacy.
The RATs are always squealing about the divide between rich and poor - I wonder how many hungry children could have gone to bed with supper on the money Spitzer spent on whores? I wonder how many well-child checks that could have bought? Who could have had their heating bills paid?
Anyone who has ever worked as a bank teller knows about these IRS reports. I once discovered a money-laundering ring run out of a client’s Chinese restaurant because they kept coming in depositing amounts just under the limits. I reported it to my manager, and it turned out they were laundering heroin money to the tune of $3 million a year between 5 banks. So banks take this stuff very seriously.
SWEEEEEEEEEEEEEEET!!!!!!
SAR can be filed for whatever. CTR is the currency report. I would say it was and SAR as the article states but not because of the dollar amount. More in line with laundering or structuring.
It’s even lower than $5,000 now, but the exact number is kept secret. I discovered this when withdrawing cash from my local branch, and they asked for my driver’s license as well as my bank card, and swiped them both through the reader. I asked why the driver license was also swiped, and they said it was the rule for large cash withdrawals. I asked what the limit was, and they said, “I’m sorry sir, but we are not allowed to divulge that information.”
In my own bank, and it was well under $5,000.
I’ve been in banking for 13 years. I never dealt with deposit accounts, cash or transfers. But I still had to be trained annually to spot transactions exactly like what Spitzer did.
Be sure to tell that to any of your Dem friends that think this is somehow politically motivated. Tellers and branch managers file these reports all the time.
The bankers he attacked screwed him to the wall.
Should have went for more than just the free checking...
I just saw on Nancy Grace that it is Bank of America
there is one employee whose career is now in jeopardy.
He created such a cloud of intimidation and threat of prosecution that they were afraid the Attorney General of the state of New York would prosecute for not filing a SAR.