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Mar-a-Largo being raided...

middleview

President
Supporting Member
LOL! Yeah, there is literally no way to move money around between various parties without the feds seeing it. That's why the Mafia went out of business.
The mafia deals in cash...they own businesses like casinos, car washes and laundries that they can use to launder the money. They pay cash for houses and art...etc...so that they can then sell them and the money shows up as clean. None of their tactics are perfect and all require an elaborate network of contacts...

Why do you think the Bidens would feel the need to break the law when just putting Joe on the record as owning part of the company would have allowed pretty much unlimited and legal payments to him? He was a private citizen.
 

EatTheRich

President
You mean the unsubstantiated direct quote from Comey and Rosenberg's letter recommending that Comey be fired?

All you did was make shit up off the top of your head and pretended it's wasn't complete crap. Same ol, same ol.
Again, Rosenstein said that Comey should be fired for being unfair to Clinton.
 
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Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
Anything like a deposit that large would be tracked and set up a red flag for an audit by the IRS. The bank would have to investigate the source of the money. The joint asset would still have to be reported by Joe on his taxes.

I have worked for banks as well as brokerages. I think I know better than you what the compliance rules are.
So, so few $500k deposits are made that the IRS audits everyone who does so? That is absurd!
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
Anything over $10k is reported.
So what? $500k deposits are made all day every day. The idea that they all trigger audits is idiotic. Again, Jim deposits $500k in an account with both of their names on it. Joe later writes a check for $500k to the builder redoing his beach home. If Jim doesn't report that as a "gift" how does the IRS find it?
 

middleview

President
Supporting Member
So what? $500k deposits are made all day every day. The idea that they all trigger audits is idiotic. Again, Jim deposits $500k in an account with both of their names on it. Joe later writes a check for $500k to the builder redoing his beach home. If Jim doesn't report that as a "gift" how does the IRS find it?
They first trigger a compliance review by a bank or brokerage. If the source of funds is unusual...like a one time large deposit from that source. It might just trigger a report to the Treasury department.
Another red flag is the country the money comes from...I don't know what the current status of China is, but I know that countries that are questionable in terms of banking compliance rules regularly cause a report to Treasury.
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
They first trigger a compliance review by a bank or brokerage. If the source of funds is unusual...like a one time large deposit from that source. It might just trigger a report to the Treasury department.
Another red flag is the country the money comes from...I don't know what the current status of China is, but I know that countries that are questionable in terms of banking compliance rules regularly cause a report to Treasury.
So in other words, somebody tells somebody and then nothing happens.
 

middleview

President
Supporting Member
So in other words, somebody tells somebody and then nothing happens.
Then how did this bank get caught not reporting?

The bank agreed to overhaul its AML program but, according to the order, the bank has not yet met all of the terms of its commitments to address the deficiencies. FinCEN emphasized that the bank’s violations resulted “in millions of dollars in suspicious transactions flowing through the U.S. financial system without appropriate reporting,” and stressed “that growth and compliance must be paired, and AML program deficiencies, especially deficiencies identified by federal regulators, must be promptly and effectively addressed.”

The same day, the OCC announced a $60 million penalty against the bank for related violations resulting from the separate but coordinated investigation with FinCEN. Among other things, the consent order identified several deficiencies related to inadequate internal controls and risk management practices, suspicious activity identification, staffing, training, and third-party risk management. FinCEN’s announcement noted that “[a]s many of the facts and circumstances underlying the OCC’s civil penalty also form the basis of FinCEN’s Consent Order, FinCEN agreed to credit the $60 million civil penalty imposed by the OCC,” adding that, combined, the bank “will pay a total of $140 million to the U.S. Treasury for its violations, with $80 million representing FinCEN’s penalty and $60 million representing the OCC’s penalty.”


(

Bunch of stuff here on people caught money laundering...

 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
Then how did this bank get caught not reporting?

The bank agreed to overhaul its AML program but, according to the order, the bank has not yet met all of the terms of its commitments to address the deficiencies. FinCEN emphasized that the bank’s violations resulted “in millions of dollars in suspicious transactions flowing through the U.S. financial system without appropriate reporting,” and stressed “that growth and compliance must be paired, and AML program deficiencies, especially deficiencies identified by federal regulators, must be promptly and effectively addressed.”

The same day, the OCC announced a $60 million penalty against the bank for related violations resulting from the separate but coordinated investigation with FinCEN. Among other things, the consent order identified several deficiencies related to inadequate internal controls and risk management practices, suspicious activity identification, staffing, training, and third-party risk management. FinCEN’s announcement noted that “[a]s many of the facts and circumstances underlying the OCC’s civil penalty also form the basis of FinCEN’s Consent Order, FinCEN agreed to credit the $60 million civil penalty imposed by the OCC,” adding that, combined, the bank “will pay a total of $140 million to the U.S. Treasury for its violations, with $80 million representing FinCEN’s penalty and $60 million representing the OCC’s penalty.”


(
Oh, sorry. So SOMETIMES somebody tells somebody something, and then nothing happens. That's for that correction...
 

middleview

President
Supporting Member
Oh, sorry. So SOMETIMES somebody tells somebody something, and then nothing happens. That's for that correction...
1. You now accuse Hunter of stashing money in an account that Joe used....do you have evidence? No.
2. Your accusation ignores the fact that Joe would gain nothing by breaking the law to get money from a perfectly legal corporation that he could have simply owned 10% outright.

A shared account would still show up on Joe's credit reports....as my son's credit card shows up on mine...because I co-signed it. Hiding a lot of money is harder than you think...Given Joe wasn't even VP then....what for?
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
1. You now accuse Hunter of stashing money in an account that Joe used....do you have evidence? No.
2. Your accusation ignores the fact that Joe would gain nothing by breaking the law to get money from a perfectly legal corporation that he could have simply owned 10% outright.

A shared account would still show up on Joe's credit reports....as my son's credit card shows up on mine...because I co-signed it. Hiding a lot of money is harder than you think...Given Joe wasn't even VP then....what for?

Nothing to see here, move along...

Who the f*ck is looking at Joe's "credit reports?" And why would they care about joint accounts?

Would YOU share a bank account with YOUR crack addicted son who is notorious for spending hundreds of thousands on drugs and hookers?
 

middleview

President
Supporting Member

Nothing to see here, move along...

Who the f*ck is looking at Joe's "credit reports?" And why would they care about joint accounts?

Would YOU share a bank account with YOUR crack addicted son who is notorious for spending hundreds of thousands on drugs and hookers?
You do realize that when Joe released his tax forms and his documents certified by his accountant they would indicate large amounts of money in some joint account...right?
If Joe and Hunter had a joint account being used for maintenance on a jointly owned rental property it would be far less a scandal than you make it. The amounts are trivial...and no mention of deposits from Hunter.

I just sold a rental...my son was on the account used for expenses on that property. Certainly no $500k deposits.
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
You do realize that when Joe released his tax forms and his documents certified by his accountant they would indicate large amounts of money in some joint account...right?
If Joe and Hunter had a joint account being used for maintenance on a jointly owned rental property it would be far less a scandal than you make it. The amounts are trivial...and no mention of deposits from Hunter.

I just sold a rental...my son was on the account used for expenses on that property. Certainly no $500k deposits.
Where exactly on a "tax return" would a bank account show up? Have you ever even completed a 1040?

You think Trump doesn't have "accountant certified" financials? Are you suggesting HIS are above reproach based solely on that fact?
 

middleview

President
Supporting Member
Where exactly on a "tax return" would a bank account show up? Have you ever even completed a 1040?

You think Trump doesn't have "accountant certified" financials? Are you suggesting HIS are above reproach based solely on that fact?
Trump's CFO just pled guilty to tax fraud.
 

middleview

President
Supporting Member
Where exactly on a "tax return" would a bank account show up? Have you ever even completed a 1040?

You think Trump doesn't have "accountant certified" financials? Are you suggesting HIS are above reproach based solely on that fact?
Gee...which tax form would you use to declare income and expenses on a rental property
 
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