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Texas

(26,366 posts)

4. "avoided having to fill out mandatory bank reports by never withdrawing more than $10,000..."

Thu Mar 29, 2012, 03:41 PM

Mar 2012

BTW, keeping withdrawals under 10,000 specifically to avoid the reporting requirement is in itself illegal and is known as 'structuring'.

See:
Summary at http://nycfederaldefense.com/2011/02/what-triggers-a-federal-investigation-on-illegal-cash-structure-transactions/
The law prohibiting it: http://www.law.cornell.edu/uscode/text/31/5324

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DFW Bank of America manager pleads guilty to stealing $2 million from customers [View all] TexasTowelie Mar 2012 OP

Let this be a message to other criminal banksters. GopperStopper2680 Mar 2012 #1

Wow, just wow. That's Cheeky. Ecumenist Mar 2012 #2

Should have stolen $2 billion. KansDem Mar 2012 #3

She will probably get a job Politicalboi Mar 2012 #5