Justice Served!

trdcrdkid · #1 04-03-2018, 06:21 PM

Quote:

Originally Posted by chlankf

The current $10K reporting is cash withdrawal, deposits as well as payments such as to your mortgage. Transactions are daily
You activity will still be reported. Who cares as long as not funding terrorists, drug dealing, etc. A good chunk of comes from the Patriot Act.

This is how former Speaker of the House Dennis Hastert got caught. He kept repeatedly withdrawing just under $10,000 in cash (I think around $300k total) in order to pay off the guy he had sexually abused when he (Hastert) was a high school wrestling coach. When the Secret Service asked him about it, in what they assumed would be a routine inquiry, he didn�t have a good explanation of what the money was for.

pokerplyr80 · #2 04-03-2018, 07:31 PM

I think I've only pulled out 10k plus a couple of times in cash. Hopefully the bank satisfied my reporting requirements. I'm pretty sure I wasn't funding drug dealers or terrorists, but I suppose you never really know what another person might be up to in their spare time.

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