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Golden_Rule
04-13-2008, 04:18 PM
In regards to the Spitzer reference and other severely wealthy folks paying to get their rocks off: I'd love to see the details on how he moved/attempted to hide the money. Was it transfered to failing businesses not declared hobbies yet to be declared tax free?

Moving money from one account to another in increments larger than $3000 gets an automatic notice sent to the IRS. This is done because the process can and is used by people trying to launder money. Its called "stacking accounts". Most of these are treated exactly they way they deserve. Filed in the round filing cabinet.

Certain types of accounts generate more stringent notices. At least one of the accounts used by Mr. Spitzer was a campaign finance account. This caught the attention of the people at the bank the account was located in and they routed the notice through higher priority channels.

Since Mr Spitzer is not a well liked person, and has a list of fellow pols looking for a way to take him down in payback for things hes done in the past, this became the most delectable bit of business and played an obvious part in this becoming the "thing" it got blown up into.

So, the moral of the story is: Don't move funds from accounts for private business you know violates the law, especially if that private business is paid for sex, particuarly if you have been a marauding State Attorneys General given to prosecuting politicians, businessmen, and other people of power and prostitution agencies for precisely the same thing.

They are apt to delight in pointing out that you are a hypocritical scumbag.