[Wonder Warthog]

"The law only states that deposits over that amount must be reported."

Hmmmm....if only deposits OVER $10K have to be reported, and all their deposits were LESS THAN $10K, how did the feds know??? Who reported these lower value deposits???

[cuban leaf]

Who reported these lower value deposits???

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I suspect it came out of the audit. Or the bank “voluntarily” reports this stuff.

What really burns my biscuits about this whole thing is that there is not enough probable cause for law enforcement to do ANYTHING that impacts the people’s lives. The deposits can raise suspicion and cause an investigation to see if there is any “there” there. But to preemptively seize people’s assets is draconian.

It started with the 55 mph speed limit and has only gotten worse. The government is the enemy. Kinda sad, really.

[Wolfie]

Ya wanna another laugh? If you consistenly deposit amounts just under 10K to avoid the reporting, the Feds will hit you with “structuring” charges.