From: Kent Crispin <kent@songbird.com>
Date: Tue, 3 Feb 1998 11:26:37 +0800
To: cypherpunks@cyberpass.net
Subject: Re: The Continued Attack on Cash (Was: "The Right of Anonymity"...)
In-Reply-To: <3.0.3.32.19980202175241.006c95d4@schloss.li>
Message-ID: <19980202191736.02027@songbird.com>
MIME-Version: 1.0
Content-Type: text/plain



On Mon, Feb 02, 1998 at 04:46:19PM -0800, Tim May wrote:
> At 3:52 PM -0800 2/2/98, Black Unicorn wrote:
> >At 06:07 PM 2/2/98 +0000, Attila T. Hun wrote:
> >>    I did-- tried to lay $14K out for a Mercedes (25 years ago).
> >>    they wouldnt take it.  so I went and picked up two $7K
> >>    cashiers from two different banks.  same thing with a pair
> >>    of Lycoming IO540 aircraft engines:  2 8s and a 9 --stay
> >>    under the $10K transaction.
> >
> >Careful.  This may well be illegal now.  Structuring transactions to avoid
> >reporting requirements is a felony.
> >
> 
> Maybe illegal _now_, but Attila didn't say _when_. Further, even our former
> prosecutor, Brian, told us that prosecutions are only made when some larger
> crime is involved.
> 
> (For example, if I made two sub-$10K deposits or withdrawals, and then
> later _admitted_ this was to bypass reporting requirements, *BUT* no real
> criminal activity or tax evasion was involved, no prosecutor in the land
> would bother with something so transparently trivial as this. Unless, of
> course, they saw an opportunity to take a thought criminal off the streets.
> Which is why I don't describe my financial transactions here.)
> 
> 
> >
> >(I'm not on cpunks, mail me).
> 
> Sorry, if you want to read my words ya gotta subscribe.

That's precisely his point,isn't it?

-- 
Kent Crispin				"No reason to get excited",
kent@songbird.com			the thief he kindly spoke...
PGP fingerprint:   B1 8B 72 ED 55 21 5E 44  61 F4 58 0F 72 10 65 55
http://songbird.com/kent/pgp_key.html