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oberliner

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50. Structuring is a crime involving efforts to avoid the Bank Secrecy Act’s reporting requirements

Thu May 28, 2015, 09:52 PM

May 2015

The law says that when taxpayers withdraw or deposit cash in amounts of $10,000 or more, they must file a Currency Transaction Report with the IRS. Those trying to skirt the reporting rules often withdraw or deposit sums under $10,000.

But deliberately evading reporting on cash transactions can trigger probes by the Department of Justice, which can freeze and seize the taxpayer’s assets.

http://www.politico.com/story/2015/05/former-speaker-dennis-hastert-indicted-in-payment-scheme-118387.html#ixzz3bUKtvmMj

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Former House Speaker Dennis Hastert Indicted On Federal Charges [View all] peecoolyour May 2015 OP

To the basement hole with your has turd will travel! lonestarnot May 2015 #1

Couldn't have happened to a nicer slimeball n/t deutsey May 2015 #2

"agreeing to pay one individual $3.5 million" Laf.La.Dem. May 2015 #3

"FOX will report this as - Dennis Hastert (D) " You just KNOW they will, if they report it at all. arcane1 May 2015 #30

Spot on, Laf.La.Dem: SunSeeker May 2015 #62

We know them too well. I pity their poor fox truthers.. dumbest mofos on the Planet. Cha May 2015 #63

Well! Looks like there might need to be a new "hastert rule"!!! calimary May 2015 #4

"Don't get caught"? brooklynite May 2015 #5

a unanimous jury. nt geek tragedy May 2015 #10

Breathtaking! calimary May 2015 #36

+++++++1 !!! Historic NY May 2015 #41

As God is my witness, I thought he was dead. Guess he was just staying low. nt onehandle May 2015 #6

Took goddam long enough annabanana May 2015 #7

Turkey would be my guess MosheFeingold May 2015 #18

He was being blackmailed by "Individual A" cosmicone May 2015 #8

Large difference MosheFeingold May 2015 #19

Given the sums involved Man from Pickens May 2015 #20

Whatever happened is probably past statute of limitations cosmicone May 2015 #22

Does sexual abuse of a minor have a statute of limitations? Bernardo de La Paz May 2015 #54

It depends on where and when it happened csziggy May 2015 #57

See there is reason why some of us have called him... IthinkThereforeIAM May 2015 #9

Don't worry, Tom Delay will get him out of it mindwalker_i May 2015 #11

I've got to know. bvar22 May 2015 #12

Something worth 3.5 million... HereSince1628 May 2015 #15

Something to do with a bed dgibby May 2015 #27

Or a sheep from the taxidermy store. Hoppy May 2015 #51

I'm guessing it has something to do with his old job jeff47 May 2015 #52

Finally! KamaAina May 2015 #13

DUMMMM-DE-DUM-DUM! nt longship May 2015 #21

DUMMMM-DE-DUM-DUM-DUMMMM! KamaAina May 2015 #34

Dennis Hastert is a lobbyist in Washington? KamaAina May 2015 #14

I guess that's how he came by $3.5 million for the payoff wordpix May 2015 #60

Scum is now a lobbyist shit. Let him lobby in jail Person 2713 May 2015 #16

HAHA! The bastard Hastert had it coming... CTyankee May 2015 #17

Rule 14 of politics: Every Illinois politician is corrupt AngryAmish May 2015 #23

Hastert was also speaker at the time of the Mark Foley scandal. alp227 May 2015 #25

Hmm indeed. AngryAmish May 2015 #29

What's up with Illinois & crooked politicians of both parties? alp227 May 2015 #24

It is simply a very corrupt state. AngryAmish May 2015 #32

Wow, I'd like to hear more about THAT. trof May 2015 #42

What is there to tell? AngryAmish May 2015 #44

Guess so. I lived there in the late 60s. The Sec.of State?... trof May 2015 #46

Just Think of the Collectors Value Oldtimeralso May 2015 #33

You just knew Hastert was sleazy LawnKorn May 2015 #26

Hope he goes down hard ... brett_jv May 2015 #28

Reports expressly said moonscape May 2015 #45

The indictment says the payoffs were for bad acts prior to 1981 csziggy May 2015 #58

Chicago Tribune article, for those averse to clicking Buzzfeed/Huffpo... alp227 May 2015 #31

Better late than never. Hastert was a bucket of dirt when he asjr May 2015 #35

Sibel Edmonds, August 2005: Hastert received illegal payments from Turkish nat'ls for favors. seafan May 2015 #37

It's like someone woke up the Justice Department! rurallib May 2015 #38

Sibel Edmonds is again proved right. nt herding cats May 2015 #39

The indictment has "young boy" all over it. sofa king May 2015 #40

Hastert violated a fundamental rule. former9thward May 2015 #43

Don't forget the Foley page scandal and Hastert's role: "willfully ignorant" Bernardo de La Paz May 2015 #47

I'm a bit perplexed Sgent May 2015 #48

Structuring is a crime involving efforts to avoid the Bank Secrecy Act’s reporting requirements oberliner May 2015 #50

Note: nowadays, any cash transaction over $5K is reported. Sgt Preston May 2015 #56

Thanks to Denny and the PATRIOT Act.... sofa king May 2015 #61

What was he paying to have hushed up? oberliner May 2015 #49

Read the first part of the indictment csziggy May 2015 #59

Whoever he was paying will need a lawyer abouyt now also KinMd May 2015 #53

I look forward to seeing this scumbag do the perp waddle Tom Ripley May 2015 #55