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+--- Thread: A thread for Black Laz (/showthread.php?tid=2091)
A thread for Black Laz - KensPen - 11-20-2003
Quote:Originally posted by Black Lazerus
You started this thread for YOU not me buddy just be honest with yourself (attention whore)
I think it's amazing Laz considers this a revelation.
A thread for Black Laz - header - 11-20-2003
Quote:I think Laz will make dozens of posts in this thread professing he doesn't care about me or my opinion.
Did that last post of his fall into that description?
And I still don't understand how withdrawing money from your account is laundering? Maybe I don't know anything about any money laundering. Maybe Rush should have asked a recovering crack addict about laundering when he came around to sell him subscriptions to vibe.
A thread for Black Laz - Sloats - 11-20-2003
the floor of 10K is to prevent people from laundering 100K. A lot of people with that much cash in a bank account will withdrawal just under the form limit. Just imagine if you were having work done on you huge house and the hardwood floor contractor wanted 15K, the dry waller 8K, electrician 17K..... and the would cut you a deal if you paid cash... 9K on Monday. 9 K on Wednesday, pay off the Flooring.... etc....
We are just pissed that WE don't have 9.9K in our bank accounts.
A thread for Black Laz - diceisgod - 11-20-2003
Rivoting
A thread for Black Laz - KensPen - 11-20-2003
I think anyone who believes the "it was for home improvements" line is self delusional.
A thread for Black Laz - Black Lazerus - 11-20-2003
Quote:Originally posted by Sloats
the floor of 10K is to prevent people from laundering 100K. A lot of people with that much cash in a bank account will withdrawal just under the form limit. Just imagine if you were having work done on you huge house and the hardwood floor contractor wanted 15K, the dry waller 8K, electrician 17K..... and the would cut you a deal if you paid cash... 9K on Monday. 9 K on Wednesday, pay off the Flooring.... etc....
We are just pissed that WE don't have 9.9K in our bank accounts.
But if a bank see’s that kind of activity they are required by law to inform the IRS.
A thread for Black Laz - Sloats - 11-20-2003
I'm not saying it was, I was just setting up an example where a normal person would want to get around the forms and do it legally. I think he was buying crack.
A thread for Black Laz - header - 11-20-2003
Its obvious that his 'walking around money' was for drugs as much as it was for just general expenses.
I listen to Rush (don't ask me why cause I don't know). But I'm not trying to defend him or anything I just honestly don't know the true definition of money laundering apparently.
A thread for Black Laz - header - 11-20-2003
Quote:Originally posted by Black Lazerus
Quote:Originally posted by Sloats
the floor of 10K is to prevent people from laundering 100K. A lot of people with that much cash in a bank account will withdrawal just under the form limit. Just imagine if you were having work done on you huge house and the hardwood floor contractor wanted 15K, the dry waller 8K, electrician 17K..... and the would cut you a deal if you paid cash... 9K on Monday. 9 K on Wednesday, pay off the Flooring.... etc....
We are just pissed that WE don't have 9.9K in our bank accounts.
But if a bank see’s that kind of activity they are required by law to inform the IRS.
And therein the IRS and other agencies will look into why someone is withdrawing such large amounts of money?
I guess that makes sense.
A thread for Black Laz - Black Lazerus - 11-20-2003
What is Money Laundering?
MONEY LAUNDERING - Conduct/acts designed in whole or in part to conceal or disguise the nature, location, source, ownership or control of money (can be currency or equivalents, eg. checks, electronic transfers, etc.) to avoid a transaction reporting requirement under state or federal law or to disguise the fact that the money was acquired/used by/for illegal means.