Results 1 to 10 of 15
Threaded View
-
03-13-2008, 02:44 AM #3
Senior Member
Bringing Down Spitzer: It's the Big Brother Who Should Bother Us
At least find a legitimate source:
Under the Bank Secrecy Act, financial institutions are required to report suspicious activity in their customer accounts and file an aptly named "Suspicious Activity Report" to the Treasury Department's Financial Crimes Enforcement Agency (Fincen). Fincen collects the information in a database, which is accessible by law-enforcement agencies including the I.R.S., the F.B.I., the D.E.A., and various state regulatory agencies.
Officials say the suspicious activity in the case of Governor Eliot Spitzer was a money-laundering technique known as "structuring." Banks are required to file different forms for all customer transactions totaling $10,000 or more. In order to catch the bad guys who think they can fly under the radar by making a series of sub-$10,000 withdrawals, banks have developed systems to flag patterns of unusual activity like this.
Spitzer Money Trail - Portfolio.com
I REALLY feel for this assclown. Like the current New York Governor....the ex New York attorney general.....didn't have a clue about this procedure? LMAO!!! Poor Dems caught in Bush's web...what a joke!:lol5:
Have a good one!:s4:
Similar Threads
-
should i even bother with nutes?
By Shennen in forum Plant ProblemsReplies: 8Last Post: 12-28-2010, 08:39 PM -
Should I bother?
By bobbyjoint in forum Outdoor GrowingReplies: 3Last Post: 10-16-2008, 04:41 AM -
NY Gov. Spitzer Linked to Prostitution Ring
By Breukelen advocaat in forum PoliticsReplies: 22Last Post: 03-13-2008, 04:38 PM -
oh bother
By deathbyvalley in forum GreenGrassForums LoungeReplies: 24Last Post: 01-31-2006, 01:59 AM -
CEO delivers more 9/11 evidence to NY Attorney General Spitzer
By pisshead in forum PoliticsReplies: 1Last Post: 11-22-2004, 10:39 PM










Register To Reply
Staff Online