Post: #26

(05-13-2015 01:41 AM)CrashBangWallop Wrote:  What a racket. State sponsored theft.

Lovely.

Yep, it can kill your business that took years to build in a manner of seconds. It's an abuse of power.

http://www.nytimes.com/2014/10/26/us/law....html?_r=0

http://www.sovereignman.com/tax/surreal-...nts-16123/

Post: #27

He wasn't charged with a crime.

That's why he has to prove the money is his.

That's why it's called "Civil Asset Forfeiture", because they didn't charge him with a crime, but instead charged him under civil law, his usual constitutional protection of innocent until proven guilty is waived.

Americas, you are ignorant about this subject.

Post: #28

In addition,

Quote:The reason he is in the mess right now is he is ignorant, lazy, and doesn't even take care of his own finances of his businesses.

Your hatred of this person is weird. He's worked his whole life. Since he was nine. He's just a regular guy providing a service to people.

He's an old man who runs a convenience store, not Captain America.

You have harsher words for this guy than an agency that has been routinely caught selectively enforcing the law to persecute critics.

I'm done with you. I have nothing in common with you.

Post: #29

Another case in the Washington Post.

http://www.washingtonpost.com/blogs/wonk...?tid=sm_tw


Notice to the title of the article Americas?

NEVER CHARGED WITH A CRIME.

From the article:

"DEA agents will be able to board your train, ask you where you're going and take all your cash if they don't like your story, all without ever charging you with a crime."

Under the current system, government can take your cash whenever they feel like. Proving your belongings actually belong to you is a prerequisite to get it back, which, can cost more than the amount they took, effectively allowing government to steal at will.

But since its the law, Americas is cool with this.

Post: #30

(05-13-2015 02:06 AM)KorbenDallas Wrote:  In addition,

Quote:The reason he is in the mess right now is he is ignorant, lazy, and doesn't even take care of his own finances of his businesses.

Your hatred of this person is weird. He's worked his whole life. Since he was nine. He's just a regular guy providing a service to people.

He's an old man who runs a convenience store, not Captain America.

You have harsher words for this guy than an agency that has been routinely caught selectively enforcing the law to persecute critics.

I'm done with you. I have nothing in common with you.

It is strange.

Same type of logic I see when talking about police wanting to search your cars or road stops to see if you're a citizen or government spying on it's citizens.

That is "if you're not doing anything wrong, it's no big deal."

I don't get it, but sometimes people can't connect the dots and realize it's a matter of time when something like this happens to them. Then it's a problem.

Post: #31

(05-13-2015 01:41 AM)CrashBangWallop Wrote:  

(05-13-2015 01:33 AM)worldwidetraveler Wrote:  

(05-13-2015 01:28 AM)CrashBangWallop Wrote:  Hang on, let me get this straight:

It's a crime in the USA to deposit regular business takings into a bank if they are usually below $10000??

This can't be right, surely???

Yep, it's what is happening. Even when business owners prove they are legit the IRS still won't give the entire amount back. This case is the norm where they try to give you a percentage back. Obviously, they know the guy was legit otherwise they wouldn't be offering anything back.

The whole innocent until proven guilty thang doesn't apply to the IRS.

What a racket. State sponsored theft.

Lovely.

The crazy thing is they will also seize your money through civil asset forfeiture if you have a large amount of cash on hand.

So even if he had deposited the money at $10,000+ increments, if he had been pulled over on the way to the bank and searched, they would have assumed he was committing some sort of crime and taken his money right then and there. Then he'd have to take them to court to get it back.

"Why'd you put less than $10,000 in your account? You must be committing a crime"

"Why are you carrying around more than $10,000 in cash? You must be committing a crime"

Damned if you do, damned if you don't.

From the recent article Korben linked to above: http://www.washingtonpost.com/blogs/wonk...?tid=sm_tw

Quote:Once property has been seized, the burden of proof falls on the defendant to get it back -- even if the cops ultimately never charge them with a crime. "We don’t have to prove that the person is guilty," an Albuquerque DEA agent told the Journal. "It’s that the money is presumed to be guilty."

The practice has proven to be controversial. Earlier this year, then-U.S. Attorney General Eric Holder announced measures restricting the use of some types of civil asset forfeiture. But as the Institute for Justice noted in a February report, these changes only affect a small percentage of forfeitures initiated by local law enforcement agencies, not federal ones like the DEA. About 90 percent of Justice Department seizures won't be affected at all.

Asset forfeiture is lucrative for the DEA. According to their latest notification of seized goods, updated Monday, agents have seized well over $38 million dollars' worth of cash and goods from people in the first few months of this year. Some of the goods may be directly related to ongoing criminal investigations, but most of them are not.

For instance, in fiscal year 2014 Justice Department agencies made a total of $3.9 billion in civil asset seizures, versus only $679 million in criminal asset seizures. In most years since 2008, civil asset forfeitures have accounted for the lion's share of total seizures.

Post: #32

It's part of the crisis of masculinity in America.

Men, if you can call them that, instead of having the spine to stand up for what's right and highlight the abuses our government is committing against its own citizens, would rather nitpick their fellow countrymen and apologize for the alphabet agencies minions trampling over our history of individual freedoms, economic liberty, presumption of innocence, and safeguards against tyrants.


Not everybody has an IQ above a hundred. That doesn't mean we should let the government steal their assets using laws set up to lock up cocaine dealers.

Society has to be fair enough, so, everyone can buy in in order for there to be enough trust, so, that people will wake up and do the things necessary in order to keep everything running smoothly.

So what if the convenience owner isn't that smart. A lot of people aren't.

He pays his taxes. He goes to work everyday including Christmas. The people acting inappropriately are the government agents responsible for this theft and the congressmen who sit on their asses and don't rectify this.

Post: #33

The US has some wonderful agencies and laws. Not only can the IRS take your stuff but you cannot fight back either.

Meanwhile there are thousands of criminals still walking around. Easy targets make the best targets.

Post: #34

(05-13-2015 02:30 AM)Foolsgo1d Wrote:  The US has some wonderful agencies and laws. Not only can the IRS take your stuff but you cannot fight back either.

Meanwhile there are thousands of criminals still walking around. Easy targets make the best targets.

You can fight back, but that requires money. Most of the targets of these types of seizures I have read about are smaller businesses. Most times it's their whole life savings that are taken. In that sense, you are right, they can't fight back.

It does make you wonder if the IRS targets these types of businesses because they can't fight back. Just look at them offering a percentage back to settle. They wouldn't do so if they thought the small business were involved in illegal activities.

According to the IRS, if you don't ask for your money back you must be guilty. haha Crazy logic.

It's an easy money grab, pure and simple.

Post: #35

(05-13-2015 12:21 AM)Americas Wrote:  Actually, it is a crime as outlined in the Bank Secrecy Act
...

http://en.wikipedia.org/wiki/Structuring

If you own a business, small or otherwise, it is your responsibility to understand and follow the necessary laws and by-laws. That's all there is to it. This guy didn't and now he is being punished for it. Whether you believe this law is bullshit or not, it's still the law.

(05-13-2015 01:22 AM)Americas Wrote:  Not only is he ignorant of the laws, he gets a god damn family member to do his financial work for him. Sending off your niece to deposit your money and ask the bank teller (who doesn't give a shit nor probably know the proper laws) about how it works is asinine.

Strawman. The point of ignorantia juris non excusat is not to know every law in every instance. It's that "oh well I had no idea I was doing something wrong therefore this is an injustice."

The reason he is in the mess right now is he is ignorant, lazy, and doesn't even take care of his own finances of his businesses.

Is - ought. It is the law, in respect to the fact that 'some group of thugs will attack you, at their discretion, if you don't comply'. It ought not to be.

It is not a crime in the natural law sense. It causes no wrong. No one is hurt or put at risk of being hurt. He wasn't "doing something wrong" whatsoever.

Running a business is not a right 'granted' by some rabble or some dictator. It is a natural part of a man living his life and freely interacting with other men.

The correct, moral response, to what happened to this man is not "he should have diligently followed the law", but "how can he escape these thugs?". This is not 'law' in the sense of 'the law of gravity' but in the sense of "do what we say or we'll hurt you", and deserves commensurate respect.

Your attack of the actions of this innocent man, and your defence of the actions of the State in this case, are perplexing.

Post: #36

The IRS has been under increasing scrutiny over the last 10 years or so. More and more people are fed up with it. I think if a major party presidential candidate ran on getting rid of the IRS and replacing it with a flat tax rate or a national sales tax, that they would shoot up the polls. Putting that in place would be far more difficult, there would be a lot of people out of work over night. But I believe the fear/hate of even the average blue pill citizen towards the IRS has grown to this level.

Post: #37

(05-13-2015 02:30 AM)Foolsgo1d Wrote:  The US has some wonderful agencies and laws. Not only can the IRS take your stuff but you cannot fight back either.

Meanwhile there are thousands of criminals still walking around. Easy targets make the best targets.

Make no mistake, that same state of affairs will arrive on our shores very soon. Proposed powers to allow HMRC to take directly from your bank account what it thinks it owes have already been seriously considered, and the politicians are keen to press ahead.

As to the guy who said 'if you own a business, it is your responsibility to understand and make sure you comply with the laws', I'm going to bite my tongue and say politely that I think you have a very limited grasp of what you are talking about.

I feel I am quite well placed to comment, as a lawyer, running a business (non-law). As a business owner, a small business, I am responsible for making sales, managing delivery, managing employees, doing our accounting, resolving problems, future planning, international growth and compliance, growing the business. To be perfectly honest, I perform several full time jobs. The idea that on top of this, it is my responsibility to wade through reams of unintelligible government clap trap written by half-wits who have never tried to run a for-profit venture in their life, is nonsense. I create private sector jobs and am a wealth creator for my country, and the Government goes out of its way (even if only through sheer pig-headed incompetence) to make my life exponentially more difficult by trying to comply with whatever new piece of ill-conceived rubbish they've concocted because the budget has come around and they have to do something to justify their positions.

When I call and ask for advice on how to comply, I'm told to seek advice. Keep in mind that I am legally trained, and FAR better placed to understand the legislation than the vast majority of business owners. Still, the Government are saying to me: 'We have materially altered your liabilities, we will not help you understand what those liabilities now are, you are obliged to incur substantial costs to find out how to comply with those liabilities, if not, we will put you in prison'.

I'll say it again as politely as I can, you are out of your mind if you think that is an acceptable state of affairs, or that the burden of understanding should rest with the business owner.

Post: #38

(05-13-2015 09:03 AM)H1N1 Wrote:  

(05-13-2015 02:30 AM)Foolsgo1d Wrote:  The US has some wonderful agencies and laws. Not only can the IRS take your stuff but you cannot fight back either.

Meanwhile there are thousands of criminals still walking around. Easy targets make the best targets.

Make no mistake, that same state of affairs will arrive on our shores very soon. Proposed powers to allow HMRC to take directly from your bank account what it thinks it owes have already been seriously considered, and the politicians are keen to press ahead.

As to the guy who said 'if you own a business, it is your responsibility to understand and make sure you comply with the laws', I'm going to bite my tongue and say politely that I think you have a very limited grasp of what you are talking about.

I feel I am quite well placed to comment, as a lawyer, running a business (non-law). As a business owner, a small business, I am responsible for making sales, managing delivery, managing employees, doing our accounting, resolving problems, future planning, international growth and compliance, growing the business. To be perfectly honest, I perform several full time jobs. The idea that on top of this, it is my responsibility to wade through reams of unintelligible government clap trap written by half-wits who have never tried to run a for-profit venture in their life, is nonsense. I create private sector jobs and am a wealth creator for my country, and the Government goes out of its way (even if only through sheer pig-headed incompetence) to make my life exponentially more difficult by trying to comply with whatever new piece of ill-conceived rubbish they've concocted because the budget has come around and they have to do something to justify their positions.

When I call and ask for advice on how to comply, I'm told to seek advice. Keep in mind that I am legally trained, and FAR better placed to understand the legislation than the vast majority of business owners. Still, the Government are saying to me: 'We have materially altered your liabilities, we will not help you understand what those liabilities now are, you are obliged to incur substantial costs to find out how to comply with those liabilities, if not, we will put you in prison'.

I'll say it again as politely as I can, you are out of your mind if you think that is an acceptable state of affairs, or that the burden of understanding should rest with the business owner.

Excellent. I remember hearing some where that a goal was to get the laws to the point that every citizen is breaking a law almost every day, many times without them knowing it, all for ultimate control of the citizenry.

We have probably reached this point.

Post: #39

(05-13-2015 09:07 AM)It_is_my_time Wrote:  

(05-13-2015 09:03 AM)H1N1 Wrote:  

(05-13-2015 02:30 AM)Foolsgo1d Wrote:  The US has some wonderful agencies and laws. Not only can the IRS take your stuff but you cannot fight back either.

Meanwhile there are thousands of criminals still walking around. Easy targets make the best targets.

Make no mistake, that same state of affairs will arrive on our shores very soon. Proposed powers to allow HMRC to take directly from your bank account what it thinks it owes have already been seriously considered, and the politicians are keen to press ahead.

As to the guy who said 'if you own a business, it is your responsibility to understand and make sure you comply with the laws', I'm going to bite my tongue and say politely that I think you have a very limited grasp of what you are talking about.

I feel I am quite well placed to comment, as a lawyer, running a business (non-law). As a business owner, a small business, I am responsible for making sales, managing delivery, managing employees, doing our accounting, resolving problems, future planning, international growth and compliance, growing the business. To be perfectly honest, I perform several full time jobs. The idea that on top of this, it is my responsibility to wade through reams of unintelligible government clap trap written by half-wits who have never tried to run a for-profit venture in their life, is nonsense. I create private sector jobs and am a wealth creator for my country, and the Government goes out of its way (even if only through sheer pig-headed incompetence) to make my life exponentially more difficult by trying to comply with whatever new piece of ill-conceived rubbish they've concocted because the budget has come around and they have to do something to justify their positions.

When I call and ask for advice on how to comply, I'm told to seek advice. Keep in mind that I am legally trained, and FAR better placed to understand the legislation than the vast majority of business owners. Still, the Government are saying to me: 'We have materially altered your liabilities, we will not help you understand what those liabilities now are, you are obliged to incur substantial costs to find out how to comply with those liabilities, if not, we will put you in prison'.

I'll say it again as politely as I can, you are out of your mind if you think that is an acceptable state of affairs, or that the burden of understanding should rest with the business owner.

Excellent. I remember hearing some where that a goal was to get the laws to the point that every citizen is breaking a law almost every day, many times without them knowing it, all for ultimate control of the citizenry.

We have probably reached this point.

It was Lavrenty Beria, head of Stalin's secret police, that I believe you may be talking about. He said: 'Show me the man, and I will find you the crime'.

Post: #40

(05-13-2015 01:28 AM)CrashBangWallop Wrote:  Hang on, let me get this straight:

It's a crime in the USA to deposit regular business takings into a bank if they are usually below $10000??

This can't be right, surely???

It is what in law school we called a "catch all" law, which is basically damned if you do, damned if you don't. Elliot Spitzer was caught because of this law and he was a Harvard trained Lawyer. When I got my Rolex the store I bought it from had a huge selection for just under $10,000 because any purchase above $10,000 in the US must be reported if you use cash. When I went to Mexico I had to declare if I was carrying more than $10,0000, it is a felony if they catch you lying and they patted me down looking for a money belt randomly. So if you put $500 dollars a week in the bank they can take it and accuse you of structuring, if you have $500 cash on you and you get pulled over it can be seized until you prove it is yours through legal means, and at any time with no notice they can execute a search warrant shut down your business and seize your accounts and inventory on a whim with no proof of a crime. Big government in action, this is what your taxes pay for.

Post: #41

(05-13-2015 02:24 AM)KorbenDallas Wrote:  It's part of the crisis of masculinity in America.

Men, if you can call them that, instead of having the spine to stand up for what's right and highlight the abuses our government is committing against its own citizens, would rather nitpick their fellow countrymen and apologize for the alphabet agencies minions trampling over our history of individual freedoms, economic liberty, presumption of innocence, and safeguards against tyrants.


Not everybody has an IQ above a hundred. That doesn't mean we should let the government steal their assets using laws set up to lock up cocaine dealers.

Society has to be fair enough, so, everyone can buy in in order for there to be enough trust, so, that people will wake up and do the things necessary in order to keep everything running smoothly.

So what if the convenience owner isn't that smart. A lot of people aren't.

He pays his taxes. He goes to work everyday including Christmas. The people acting inappropriately are the government agents responsible for this theft and the congressmen who sit on their asses and don't rectify this.

I agree with everything you have written on this post and have no disagreement on anything in your train of thought. I just would like to add that the drug war, and the war on vice is morally wrong and many of the laws that have arisen as a result of the war on vice show the corrupt nature of the war on personal private behavior. This was a solid thread, and the OP picked a good topic.

Post: #42

(05-13-2015 09:03 AM)H1N1 Wrote:  

(05-13-2015 02:30 AM)Foolsgo1d Wrote:  The US has some wonderful agencies and laws. Not only can the IRS take your stuff but you cannot fight back either.

Meanwhile there are thousands of criminals still walking around. Easy targets make the best targets.

Make no mistake, that same state of affairs will arrive on our shores very soon. Proposed powers to allow HMRC to take directly from your bank account what it thinks it owes have already been seriously considered, and the politicians are keen to press ahead.

As to the guy who said 'if you own a business, it is your responsibility to understand and make sure you comply with the laws', I'm going to bite my tongue and say politely that I think you have a very limited grasp of what you are talking about.

I feel I am quite well placed to comment, as a lawyer, running a business (non-law). As a business owner, a small business, I am responsible for making sales, managing delivery, managing employees, doing our accounting, resolving problems, future planning, international growth and compliance, growing the business. To be perfectly honest, I perform several full time jobs. The idea that on top of this, it is my responsibility to wade through reams of unintelligible government clap trap written by half-wits who have never tried to run a for-profit venture in their life, is nonsense. I create private sector jobs and am a wealth creator for my country, and the Government goes out of its way (even if only through sheer pig-headed incompetence) to make my life exponentially more difficult by trying to comply with whatever new piece of ill-conceived rubbish they've concocted because the budget has come around and they have to do something to justify their positions.

When I call and ask for advice on how to comply, I'm told to seek advice. Keep in mind that I am legally trained, and FAR better placed to understand the legislation than the vast majority of business owners. Still, the Government are saying to me: 'We have materially altered your liabilities, we will not help you understand what those liabilities now are, you are obliged to incur substantial costs to find out how to comply with those liabilities, if not, we will put you in prison'.

I'll say it again as politely as I can, you are out of your mind if you think that is an acceptable state of affairs, or that the burden of understanding should rest with the business owner.

The US tax code is so complicated that to be a tax attorney you have to have a LLM(Masters of Laws) in Tax after 3 years of law school to legally practice, the code adds roughly 150 pages a year. To work in securities compliance they are contemplating requiring an JD and LLM because it is so ridiculously complex that Bernie Madoff was inspected 12 times and no one picked up on his fraud until it collapsed. Do you really want to live i a country where we can do everything right with absolute good faith and lose it all on a technicality? I think that government needs to be much smaller. I agree with your post I just wanted to add my opinion.

Post: #43

Article seems fishy. Making patterned deposits like that under $10k isn't illegal- it's simply a red flag that a bank's anti money launderin unit must take note of and investigate.

And they confiscated his money through a bank check? Seems that type of thing would be done via wire-- but I'll admist I'm not too sure on that point.

Post: #44

I believe this will be the catalyst for the tipping point. The government has created such a financial vortex with the welfare state, they are literally stealing money from the working class. The silent majority has gotten past the stages of disbelief/discouragement and are going to start pushing back.

Overtaxing was a reason for a revolution in the 1700's, but outright stealing money from armed citizens will evoke a similar and more swift reaction. I suspect they'll try doing civilly by refusing to pay taxes enmass, and when the gov attempts to seize what's left, shots will be fired. It will be a lot messier now due to the massive population and high percentage on the dole. Expect anarchy.

Post: #45

It will get worse. It's all part of the war on cash. Plus they are misusing the law to simply grab as much as they can.

Some countries like Denmark are now discussing legal changes exempting retail stores from forcing them to accept cash at all! They want cash gone long-term, because that way they can control it all easier.

The US is one hell of a dictatorship and this is just one of many signs - the only way around this is with smart allocation of cash and lots of it and being fully aware of the dangers.

Post: #46

Quote:Excellent. I remember hearing some where that a goal was to get the laws to the point that every citizen is breaking a law almost every day, many times without them knowing it, all for ultimate control of the citizenry.

We have probably reached this point.

This is the deal in PRC now. To function most of the time involves breaking the law, so everyone is breaking the law everyday. When you do something that a powerful person doesn't like the hammer comes down on you. But also, the gov't can put the hammer down on anyone it pleases.



Anyone know if this structuring law also works against non-business owners? If you deposit money into your account under 10k can it also be taken away?

Post: #47

Yes.

Once again, the "conspiracy theory" that gold and silver is more valuable than a piece of paper or digits in a computer is proven correct. What a coincidence!

Post: #48

I am concerned. Every single deposit I make into my checking account is under $10K.

Post: #49

Recent Email from Dr. Rand Paul

Deepdiver:

Burn it.

Shove it through a wood chipper.

Or chop it up with a chainsaw.

How would you destroy our over 70,000 page tax code?

My campaign has prepared a special video about my plan to drive a stake through the heart of the IRS and I hope you will take a few moments to watch it.

Deepdiver, my 14.5% Fair and Flat tax plan will return over $2 trillion to the American people.

It's your money and the Washington Machine is going to have to learn to live on a diet.

In fact, the lobbyists and insiders who game the system will hate my plan the most.

But that's ok.

I'm not running to "manage" Washington.

Business-as-usual plunged our nation $18.3 trillion in debt and allows our tax code to strangle economic growth.

I'm in this race to upend the status quo and defeat the Washington Machine.

Deepdiver, that starts with kicking the IRS out of your life for good.

My plan is the biggest and boldest tax cut in American history.

It slashes FICA – the worker tax – to zero. It's gone for good.

Ronald Reagan ignited an economic boom that carried our country for two decades by slashing tax rates.

My plan will follow his model by providing real economic stimulus and exploding the GDP over 10% in the first ten years.

And you will be able to file your taxes on a simple one page form.

I can hear the shrieks from Capitol Hill.

The special interests and the entrenched politicians already label me "Enemy #1."

And with polls showing me leading Hillary Clinton in key swing states, I know they are going to double-down on their smear campaign against me.

So please take a few moments to watch my campaign's video and complete your "Fair and Flat Tax Now!" petition.

After you add your name, please agree to a generous contribution of $25, $50, $75, or $100 to help my campaign get this video in front of as many voters in the key early caucus and primary states as possible.

I'm fighting to take our country back. I hope you will join me today.

In Liberty,

Rand Paul

Post: #50

There are so many white knights willing to rat you out for a crack at CAF funds - banks get nothing only the corrupted Law Enforcement Shake Down artists get a cut - the banks nearly destroyed our country now they are destroying any cash based small business by filing these suspicious activity reports - I restore sports cars and pay cash and sell for cash no way I am signing over a title to a personal check - I tell them lets drive to the bank and see if they will cash your check for you then you can pay me cash or forgetaboutit. It is at the point that I never deposit more than a few hundred at any time to support basic expenses, on line accounts etc... problem is things like funding trading accounts and accumulating serious cash in the USA - the IRS and their local CAF "sharing" minions love to seize money in accounts and then "negotiate" to keep half - even the old prohibition era Chicago and NYC mobs only shook you down for "insurance" for about 10% of what you earned - they realized 10% of what you keep is not so much to make you rebel - the IRS and local law enforcement agencies seizing 100% puts you out of business... add on frivolous divorces and nuisance law suits and courts will order a freeze on your accounts at the drop of a lawyers hat.

So how does a serious business man protect himself from jealous and greedy government bureaucrats looking to take half or more like a next ex husband hunting predatory serial wife?

I bought the Nomad Capitalist Offshore Banking book optimized for USA citizens. I also spoke privately with business friends who have achieved some serious success. Ironically and independent of each other - they do not even know each other - each has IBCs or international business corporations in separate offshore banking jurisdictions listed in the book - its a PDF so if you can read it on any device. PM me for a copy.

Bottom line is my former hedge fund friend trades only for his own account - he has been trading so long his market makers just executes his daily trades and he then transfers any excess off to his IBC accounts outside of the jurisdiction of the USA but in tax treaty compliant countries so they are not flagged as OECD tax havens that cause all sorts of unwanted scrutiny to violate your privacy.

Really it can not be stressed how important it is to maintain an offshore account in your IBC business name - you are running a business which is a legal person allowed to conduct all lawful international business including services, trading and ex/im. So these accounts are not FATCA or FBAR reported as they are held as international business accounts.

Every once in a while he will execute very large trades and will transfer funds to fund the trades...

He only pays taxes upon commissions he periodically pays himself to fund his costs of living - he is Frugal, drives an SUV and drives his 80 y.o. mother to her bingo games in an econobox since it is too hard for her to step up into the SUV.

Point is all transfers are by wire using the SWIFT systems which my banker informed me is the definition of "good clean funds" - bottom line is NO cash is handled and therefore no suspicious activity reports and he rarely leaves substantial funds in the USA overnight unless he is executing the newer weekly options strategies. His win rate is impressive and even his brokers were secretly shadowing his trades - he has since moved to online electronic brokers with execution in milliseconds - reduced the temptation to shadow his trades and potentially reverse engineer his algorithms.

Cash has become far TOO tempting a target for both the FEDs and Locals looking to share unconstitutional Civil Asset Forfeiture proceeds. Best to not make yourself a target in the first place - ironic they are attacking law abiding restaurants and general stores - but Drugs Dealers and Medical Marijuana forced by fed laws to do cash only business who DO not use banks are good to go even though they accumulate footlockers full of cash.

Forwarned and Offshored via an LLC IBC is Forearmed...