From: Brian Davis <bdavis@thepoint.net>
Date: Wed, 25 Dec 1996 22:07:41 -0800 (PST)
To: Dale Thorn <dthorn@gte.net>
Subject: Re: Legality of requiring credit cards?
In-Reply-To: <32C0995F.6569@gte.net>
Message-ID: <Pine.BSF.3.91.961226010542.4683O-100000@mercury.thepoint.net>
MIME-Version: 1.0
Content-Type: text/plain


On Tue, 24 Dec 1996, Dale Thorn wrote:

> jim bell wrote:
> > At 03:29 PM 12/24/96 -0500, Brian Davis wrote:
> > >On Tue, 24 Dec 1996, Dale Thorn wrote:
> > >Be especially carefully of structuring a $10,000+ transaction into
> > >smaller transactions in an attempt to circumvent the reporting
> > >requirements.  Doing so ("structuring a transaction") is a felony.
> 
> > Actually, this kind of stunt fully justifies whatever level of lethal
> > punishment  that the public will one day direct at these thugs.  Look at
> > what you just said, paraphrased by me:
> 
> [snip]
> 
> I was surprised at this "settlement" thing.  I'd sure like to get more
> detail on that.  A pointer would be *most* appreciated.
> 
> 
There is no case published if that's what you are seeking.  The local 
paper ran a short article about the forfeiture.  And the Treasury 
Department issued a national press release on the first civil monetary 
penalty levied against an individual for a violation of the Bank Secrecy Act.

The decision on how to resolve it was the result of prosecutorial discretion.

EBD