"Structuring" #wingnut #mammon

"Structuring" #wingnut #mammon godlikeproductions.com

WTF it is illegal to make cash deposits to your account in amounts smaller than $10,000 punishable by 5 yrs prison
WTF? did you know? I just found out now. I mean they already asked you why you want the money for when you go withdraw cash and it's none of their business and if you tell them so you might have the authorities on you. So the law goes like this:

NOTE: I am not a banker nor the Elite; please kindly refrain yourselves from tomato sh0_oting your servant, the kind messenger, thank you.

if you make a deposit that reaches $10,000 they have to file a CTR form but if you purposely make small deposits of under $10,000 so as not to get a CTR, then you are reported and you could face several years in jail simply for wanting to deposit/withdrawal money into/from your personal bank account! I just read it here:

[link to josephhollander.com (secure)]

Sorry the link above will highlight the first paragraph. I don't know how to make it highlight the proper one, but you probably want to read the whole thing, however this is what I'm talking about:

For any number of reasons, and often not related to illegal activity, people do not like to trigger CTRs for their banking activity. To avoid this, they will make a series of smaller deposits or withdrawals. Doing so constitutes the federal crime of “structuring.” Federal law prohibits anyone from causing or attempting to cause a financial institution or business to fail to file a report. A conviction for structuring, a federal felony, is punished by a sentence of up to five years in prison.

Well...welcome to the American gulag of the USSA!
wtf

6 comments

“Doctor” Hovind, I presume?

Actually those kinds of deposits are a red flag for organized crime and terrorist groups trying to move money - the reasons for those reports you’re deliberately avoiding - and from then on you’re playing by civil forfeiture rules which is a problem but not for any of the reasons you’re whining about. See, there’s more to national security than roughing up immigrants, kidnapping children, and subverting the constitution of your country to write one religion into law and legitimize attacking others. And if you’re of the mindset that being tracked in any way is a violation of your rights in and of itself or an indication that the government is for some inexplicable reason preparing to jump you then what say you about all the justifications for putting social outgroups under that increased scrutiny? If not and you’re of the opinion that people who have nothing to hide shouldn’t be trying to hide then why are you hiding and what are you hiding?

I can't think of a legitimate reason why you wouldn't want a bank to file a report when you make a deposit. Like, if it's legitimate, why do you care?

This smells like you're trying to commit a crime.

"WTF it is illegal to make cash deposits to your account in amounts smaller than $10,000 punishable by 5 yrs prison”
It’s not illegal. But depending on the circumstances, it may be an effort to avoid attention of illegal activity.

If you receive $80,000, can you imagine an honest reason to hide it in your mattress and only deposit it in batches of $9,999.99 over months rather than one deposit?
If the government knows you got the money, you pay the proper taxes on it, they mostly don’t care.
If you suddenly start screaming about GULAGS and TYRANNY and PRIVACY, they’re gonna climb up your ass with a very bright flaslight. Because either you’re covering for illegal activity, or your a nutter. Either way it’s just satisfying to make you uncomfortable.

Well, if you're not doing anything illegal, you shouldn't be concerned.

But it isn’t a crime to deposit your money in small batches… if it triggers an investigation, they actually have to find something. Something you are apparently hiding.