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Message
re: IRS seizes business' bank account for suspected crime
Posted on 10/29/14 at 11:37 pm to Projectpat
Posted on 10/29/14 at 11:37 pm to Projectpat
quote:
quote:
Cash only restaurant. Deposits just under 10k and the owner even admits she was intentionally keeping the deposits under 10k to prevent reporting.
Remind me which crime she was found guilty of? TIA
I'm sure the charge will be structuring, aka smurfing, which is a violation of 31 USC 5324
1
Posted on 10/29/14 at 11:42 pm to LSULaw2009
quote:
“Structuring,” as readers may recall, is the federal criminal offense of splitting up bank deposits so as to keep them under a threshold such as $10,000 above which banks have to report transactions to the government. Structuring is unlawful whether or not it occurs in conjunction with any other legal offense, as opposed to being motivated by, say, a desire to keep a low profile in general or a sentiment that the government already keeps tabs on too many innocent activities.
...or because your Mommie told you to do it!
LINK /
This post was edited on 10/29/14 at 11:42 pm
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