Quote:
Originally Posted by baddog
Not sure about deposits, but I know for sure withdrawals of $10k must be reported.
Been that way for a long time. I remember when I was a negotiator my boss always made them for $9,900 just for that reason.
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Yea, it's for cash transactions over 10 grand but I thought the reasoning was to prevent drug money from being laundered. Here this poor millionaire withdraws legal amounts to spend and gets a Federal wiretap.
If anything needs investigated it's how he ended up getting the Feds on his tail.