Originally Posted by Tyde
Spooky times in the good ole USA.
Save a Cow - Eat a Vegetarian, they're grass-fed.
<Link within the same article>
Federal Government to Return $107,702 Seized From North Carolina Convenience Store Owner
http://dailysignal.com/2015/05/14/fe...e-store-owner/
That is only the tip of the iceberg...
There us so much shit going on right now and so much more down the pipeline..
For one small example, I went with a lady student friend of mine to public assistance for rental assistance.
The place was full of Mexicans getting checks of 8k, 3.6k etc etc. There were only 3 white people there who looked like they TRULY needed a little help in life.. they were all turned down..
The redistribution and proactive discrimination and enslavement of American citizenry is crazy. If white working class people were to riot they would be morally and by all objective measures be justified.
It's so bad I had some of the brothers agreeing with me!!!!
I ended up cutting a check to her landlord for 1800..
It's okay, I don't believe in organized charity anyway..
On a side note that asshole arguing with druff about poker stars, just doesn't get it..
Thespartan, here is an organization that you may be interested in:
KKK is a Democrat founded organization. I don't think thesparten is a Democrat.Thespartan, here is an organization that you may be interested in:
Equitable sharing is now illegal, one of the few good things that Eric Holder did. This occurred at the beginning of 2015.
http://www.washingtonpost.com/invest...ddc_story.htmlHolder’s decision allows limited exceptions, including illegal firearms, ammunition, explosives and property associated with child pornography, a small fraction of the total. This would eliminate virtually all cash and vehicle seizures made by local and state police from the program.
So basically the federal government no longer gets to split proceeds with local/state governments in "civil forfeiture" seizures like this one, and therefore this shady partnership between governments to override state laws regarding forfeiture can no longer occur.
This seizure occurred in 2014, prior to Holder's change.
I am happy the guy got his money back, and I agree this was shitty.
I also think he's full of shit. He has a small-medium "country store", yet somehow made two cash deposits totaling $11,400 within 24 hours? Why would he do that? Did he really have thousands in cash one day, and then thousands more before 24 hours had passed? I doubt that.
He likely was avoiding filling out the Cash Transaction Report (CTR) form, which is required for cash deposits of $10,000 or more. And he was either avoiding it for convenience or in attempt to later dodge taxes.
Make no mistake, I think this whole seizure was bullshit, especially if the guy wasn't actually evading taxes. And if he was evading taxes, they should hit him for that, and not this "structuring" bullshit. Apparently in March 2014, the Justice Department announced that it would no longer go after structuring cases, unless it was directly tied to criminal activity. So if you're structuring to avoid being detected as a drug dealer, then they'll go after you. If you're structuring legitimate money and just want to avoid the form, then they won't go after you.
Unfortunately, it looks like the government intentionally ignored this directive, hoping they would engage in this civil forfeiture bullshit, and then strike a deal to keep half of it, without this guy realizing his rights.
Anyway, yeah, this whole thing is pretty awful, but I don't buy that this guy didn't realize what he was doing. He shouldn't have had his money seized, though.
This is just some guy from Reddit (f/t Stewart Wiggins), so take it with a grain of salt, but I found it interesting:
I worked in banking for years before the recession, and I did a lot of branch level fraud work. This included simple stuff like check kiting, 1 dollar deposit/100 dollar withdrawals, and change running. There were also some very clever complex scams that were attempted.
Structuring is the bread and butter of low level money launderers. Typically, someone with lots and lots of money will launder it through multiple small businesses. It happens regularly, and usually leads to the IRS turning over a drug case to the FBI. Homeland Security also gets involved in laundering cases, but not as much as the FBI does.
Retail banks have multiple avenues to detect structuring and automatically and manually. As soon as structuring is suspected, an internal suspicious activity report that is filed with internal security and the IRS, who has authority to turn it over to the FBI.
99% of the time, nothing comes of it. However, that 1% of the time, investigations are opened. Out of that 1%, about half result in accounts being seized and criminal charges being brought forth.
It is very possible for legitimate businesses to do the exact kinds of transactions that trigger ISARs. My recommendation to this guy would have been, hold your deposits in a safe until you are depositing over 5 grand. Then the IRS is notified automatically, and no structuring is suspected.
It seems to me, that if this guy was running a legit business, that multiple people above the branch level made mistakes. I'm willing to bet some Red Wings tickets that someone wanted to get their first big find and convinced themselves he was guilty, did a lot of investigative work on their own so they could "get him", passed things up the line to people who didn't fully check the first person's work, and then the damage was done but nobody wanted to take any responsibility for the mess up, nor did they want the agency to have to admit to a mess up.
Holy fuck Druff, you put forward theories(some of them full of straight speculation & pure guesses) of how things may have happened all the time but can't come up with 1 to explain this? There are lots of small businesses that do well over $5K in business every day but you can't see how they might possibly make 2 daily deposits totaling $11K+ within 24 hours of each other & it not involve something nefarious on their part?
I'll give you 1 clue. Sometimes life gets in the way of things.
I'm serious this time when I say this:
Fuck you Druff
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If they were making $5k+ in sales every day, then they would have a ton of deposits of that sort, including several over 10k when "life gets in the way" and they can't get to the bank.Holy fuck Druff, you put forward theories(some of them full of straight speculation & pure guesses) of how things may have happened all the time but can't come up with 1 to explain this? There are lots of small businesses that do well over $5K in business every day but you can't see how they might possibly make 2 daily deposits totaling $11K+ within 24 hours of each other & it not involve something nefarious on their part?
I'll give you 1 clue. Sometimes life gets in the way of things.
I'm serious this time when I say this:
Fuck you Druff
From the article, it doesn't sound like they were making daily cash deposits of that size.
They also wouldn't have gone after them for structuring if most of their deposits were of the $1000-$2000 variety, or if the guy was regularly filling out CTRs for transactions over $10,000.
Notice that the guy does not say they ever filled out a single CTR form. That's probably because they didn't.
I mean, what is he going to say when interviewed for this story? "Yes, I was structuring, but they still shouldn't have seized my money." No fucking way he ever admits to it.
The article says more by what it leaves out than what it says.
Notice:
- He does not say that he ever filled out a CTR form.
- He does not say that his deposits are usually substantially smaller than $5,000
- He does not explain why he made two deposits totaling $11,400 in 24 hours, other than saying that his "niece handles it" (lol)
This is so obvious to me what's going on here, even though I'm on the guy's side that the seizure was a bullshit money grab.
Where does it say they didn't? Maybe that's what drew attention to it in the first place.
Why would this be in the article? Seriously, I have no idea why they would divulge this info other than to alert the criminals to "come on down".From the article, it doesn't sound like they were making daily cash deposits of that size.
So you've decided that their deposits would be in the $2-$3K range? Why? My MIL worked in a small convenience store here in town & used to do deposits & that place did well over $5K/daily & I could think of much busier places than that one. Remember it's a fucking deposit of the money brought into the store & not the fucking profit.They also wouldn't have gone after them for structuring if most of their deposits were of the $1000-$2000 variety, or if the guy was regularly filling out CTRs for transactions over $10,000.
Jump to conclusions much? Maybe they never had to or, as already mentioned had deposits over $10K in a 24 hour period & failed to do so & this brought attention to it.Notice that the guy does not say they ever filled out a single CTR form. That's probably because they didn't.
The guy didn't write the fucking article himself so you shouldn't jump to such conclusions when the reporter might leave things out for brevity or because she didn't think the details were all that interesting.I mean, what is he going to say when interviewed for this story? "Yes, I was structuring, but they still shouldn't have seized my money." No fucking way he ever admits to it.
The article says more by what it leaves out than what it says.
& he doesn't say they're not. Not sure what this has to do with anything.Notice:
- He does not say that he ever filled out a CTR form.
- He does not say that his deposits are usually substantially smaller than $5,000
I can come up with several plausible explanations off the top of my head how this could happen but you can't? Also, maybe the reporter decided the explanation wasn't all that interesting & just made the article longer & decided to leave it out. Remember, this guy did not write it himself.- He does not explain why he made two deposits totaling $11,400 in 24 hours,
So it's laughable that a trusted employee does deposits for him?other than saying that his "niece handles it" (lol)
& you might be correct but you're reading between the lines way too much.This is so obvious to me what's going on here, even though I'm on the guy's side that the seizure was a bullshit money grab.
Carry on.
Last edited by Hockey Guy; 05-18-2015 at 01:23 PM.
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Hockey Guy,
I don't know why this is bothering you so much. I am not in a position to affect the outcome of this guy's situation, nor is it likely that any of his friends or family will ever read this thread.
Is it possible that the article is misleading crap? Yes.
Is it possible that important facts were omitted, which would otherwise make the guy look better? Yes.
But I don't think either of these are probable. I mean, look at the whole "niece handles it" thing. You're telling me that he didn't ask his niece and find out the full story as soon as this occurred? That by itself is a laughable excuse.
The bottom line is that he could have told a much more sympathetic story if he stated that he regularly fills out CTRs, does business of over $5k on many days, had a good reason for the $11,400 deposit in a 2-day period, etc. Instead we are receiving excuses about his niece handling it (so therefore he doesn't know) and how he didn't understand the concept of structuring. I don't think those omissions were by accident or from poor reporting. I think those omissions were done because he can't truthfully claim those things.
I call bullshit.
Am I 100% certain? No. But whenever we get stories like these based upon incorrect info, we have to make a judgment call. I am choosing to look at the facts presented to us and stating that they don't add up. You are choosing to find ways to give him the benefit of the doubt.
I think I gave a fair assessment of the situation. I agree with the guy that the government was way out of line, and was basically stealing this guy's money. However, I also think he was actually structuring, and just doesn't want to admit it.
In b4 the guy with the food stand at the rio has his shit seized.
He explained it this way.If they were making $5k+ in sales every day, then they would have a ton of deposits of that sort, including several over 10k when "life gets in the way" and they can't get to the bank.
From the article, it doesn't sound like they were making daily cash deposits of that size.
They also wouldn't have gone after them for structuring if most of their deposits were of the $1000-$2000 variety, or if the guy was regularly filling out CTRs for transactions over $10,000.
Notice that the guy does not say they ever filled out a single CTR form. That's probably because they didn't.
I mean, what is he going to say when interviewed for this story? "Yes, I was structuring, but they still shouldn't have seized my money." No fucking way he ever admits to it.
The article says more by what it leaves out than what it says.
Notice:
- He does not say that he ever filled out a CTR form.
- He does not say that his deposits are usually substantially smaller than $5,000
- He does not explain why he made two deposits totaling $11,400 in 24 hours, other than saying that his "niece handles it" (lol)
This is so obvious to me what's going on here, even though I'm on the guy's side that the seizure was a bullshit money grab.
McLellan himself doesn’t handle the deposits—that’s his niece’s responsibility—and a bank teller had previously advised her to make deposits of less than that amount. If cash deposits totaled more than $10,000, the bank had to file additional paperwork, the teller said.
He also said that it took 13 years to get the 100k in the account. It's quite plausible that deposits are not made on a daily basis. I'm sure he has some kind of safe for funds.
Last edited by PuTTY; 05-18-2015 at 01:44 PM.
All American Dave is a genius.
Basically he realized that poker players don't mind spending a lot of money, but are sick of the slop being offered to eat from the poker kitchen. He also realized that most poker players are horny and desperate, and especially feel that way when trapped in a room full of thousands of dudes. So he serves healthy food, delivered to the table by hot chicks, marks up the price big, and makes bank.
I am too Jewish to buy this guy's stuff (especially since I have like $2500 in Rewards Credits which can't be used for his stand), but hats off to his business sense.
The article said that the bank personnel told the niece to make the deposits under the 10k amount so the bank wouldn't have to do the extra paperwork. If that is true then she was just doing what was recommended to her by someone she probably knew and trusted to know more about financial regulations than she or her uncle.
sorry Actiondave types faster than I do
He explained it this way.
McLellan himself doesn’t handle the deposits—that’s his niece’s responsibility—and a bank teller had previously advised her to make deposits of less than that amount. If cash deposits totaled more than $10,000, the bank had to file additional paperwork, the teller said.
I find it highly unlikely that the bank teller would have advised her to break the law, especially since the teller herself could get in serious trouble for suggesting that. Why would the teller even care about paperwork? She's going to be doing paperwork all day, regardless of who she is serving.
These are just laughable excuses.
I mean, it's great that so many of you are on the guy's side and don't like this situation.
I don't like it, either.
But let's just be real that they knew exactly what they were doing with the structuring, but at the same time, the seizure was a bullshit and predatory money grab.
Lots of small businesses engage in structuring. Everyone hates those CTR forms, especially because they are more likely to trigger an IRS audit.
Ask yourself an honest question:
If this guy was fully guilty of structuring as I stated, what would he tell the person writing the article? Can you picture any scenario where he would admit to it, when there are a world of BS semi-plausible excuses he can offer up for it?
I'm not really bothered at all but the bolded part of the first time I quoted you
is just straight up retarded.somehow made two cash deposits totaling $11,400 within 24 hours?
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