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Frequent cash withdrawals land Springfield man in court

17 pointsby warsawover 8 years ago

5 comments

manyxcxiover 8 years ago
I&#x27;m not sure what kind of reporting news-leader.com generally does, but I feel like most of this story is missing.<p>Sure, he was structuring, which seems as ridiculous as &#x27;precrime&#x27; to me. But why was the guy trying to flout reporting requirements? Why were they looking in to him? I&#x27;m positive that my bank transaction history would, at times, look odd- especially as I was ramping up to buy a house and move to a different state while starting a new company. Also, my credit union was always in Oregon, even when I wasn&#x27;t- which lead to weird contortions like mailing myself a $5,000 check and a $2,500 check to then snap check them in to my business account with the same credit union because I hadn&#x27;t taken the time to link them properly yet and the max you can snapcheck is $5K, and I didn&#x27;t want to take the time to find a partner branch.<p>Maybe someone looked into it behind the scenes, maybe they didn&#x27;t. Either way, my money never got frozen and I never got in trouble. Why? Because I wasn&#x27;t up to no good. I&#x27;m not touting the &quot;if you&#x27;ve got nothing to hide...&quot; crap about being happy to give up my liberties, but in general, even when they&#x27;re stomping all over our constitution you don&#x27;t go to jail for no reason.
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xiaomaover 8 years ago
It&#x27;s insane that 10 years in prison is the potential penalty. No wonder the US &quot;leads&quot; the world with it&#x27;s prison population.
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fasteoover 8 years ago
I understand that structuring may reveal a pattern for an illegal activity (money laundering, fraud, etc) and that law enforcement can used it as a hint to discover these activities.<p>But is structuring illegal by itself ? If so, it seems that presumption of innocence is ignored.<p>Am I missing something ?
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jaclazover 8 years ago
It&#x27;s [2016], here is the original source:<p><a href="https:&#x2F;&#x2F;www.justice.gov&#x2F;usao-wdmo&#x2F;pr&#x2F;springfield-business-owner-pleads-guilty-structuring-financial-transactions" rel="nofollow">https:&#x2F;&#x2F;www.justice.gov&#x2F;usao-wdmo&#x2F;pr&#x2F;springfield-business-ow...</a>
LorenPechtelover 8 years ago
He admitted to structuring, why is it surprising he was convicted?