To Avoid Prison, You Must Read This Before Taking Your Money Out of the BankJune 17, 2015 0
The Most Requested Subject In the History of The Common Sense Show
Even Congressmen Aren’t Safe From the Banksters
Please suggest what I should do. I cashed out my $10,000 IRA, paid the taxes and got the $10,000 in CASH….worried about not being able to get my money out of the bank. Now from what I have been hearing I am afraid I could be arrested for getting my own money out… Please make a suggestion. Should I redeposit the $10,000? Forever grateful if you will answer.Deborah T.
Times Have Changed
Structuring and SAR
1. Barry S. has obtained $15,000 in cash he obtained from selling his truck. He knows that if he deposits $15,000 in cash, his financial institution will be required to file a CTR. Instead he deposits $7,500 in cash in the morning with one financial institution employee and comes back to the financial institution later in the day to another employee to deposit the remaining $7,500, hoping to evade the CTR reporting requirement. Barry should have used multiple accounts to conduct this transaction.
2. Hillary C. needs $16,000 in cash to pay for supplies for her arts and crafts business. Hillary cashes an $8,000 personal check at a financial institution on a Monday. She subsequently cashes another $8,000 personal check at the bank the following day. Hillary is careful to have cashed the two checks on different days and structured the transactions in an attempt to evade the CTR reporting requirement. Hillary should have made irregular deposits on staggered days covering a significant period of time. Or better, yet she should convert her soon worthless cash to precious metals.
3. A married couple, Bill and Hillary, sell a vehicle for $12,000 in cash. To evade the CTR reporting requirement, Bill and Hillary structure their transactions using different accounts. Bill deposits $8,000 of that money into his and Hillary’s joint account in the morning. Later that day, Hillary deposits $1,500 into the joint account, then $2,500 into her sister’s account, which is later transferred to Bill and Hillary’s joint account at the same bank. Again, Bill and Hillary should have used multiple banks.
The aggregate total of the three transactions totals more than the $10,000 threshold, therefore, a SAR would be filed by the bank and you would be the subject of a federal investigation as all three of the above cases clearly violate the federal banking laws related to structuring. It is a federal crime to break up transactions into smaller amounts for the purpose of evading the CTR reporting requirement. In these instances, the bank is required to file a SAR which serves to notify the federal government of an individual’s attempt to structure deposits or withdrawals by circumventing the $10,000 reporting requirement.
If you ever become the target of a federal investigation, do not, under any circumstances, allow yourself to be interviewed by federal officials without an attorney present and make sure you have the interview videotaped.
What to Do
Exposed: UN vehicles caught trying to hide logo from public view while traveling inside the United States
Posted: 17 Jun 2015 04:46 AM PDT
Over the last three months there have been dozens of suspicious sightings of military and UN equipment being moved throughout the country coupled with numerous realistic military training exercises with a sharp domestic focus
Posted: 17 Jun 2015 04:40 AM PDT
Jeremiah Johnson is a retired Green Beret of the United States Army Special Forces (Airborne) and a graduate of the U.S. Army’s SERE school (Survival Evasion Resistance Escape). You can contact JJ by using this form