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To: PAR35
It's a federal crime.

Does it depend on intent?

7 posted on 06/11/2005 4:56:50 PM PDT by RightWhale (I know nothing, and less every day)
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To: RightWhale
Does it depend on intent?

Yes, but the intent is to strucure the transactions so as to stay below the reporting limits. And they are likely to presume intent if things happened that way. If you have a good explanation as to why it happened that way, then you may have a good defense.

From the explanation given above, it sounds like he clearly was trying to avoid the reporting requirements.

12 posted on 06/11/2005 5:04:50 PM PDT by PAR35
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