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Politics : THE WHITE HOUSE

SPY 691.72

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Jan 16 4:00 PM EST

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To: Sedohr Nod who wrote (6127)	7/9/2007 3:23:21 PM
From: DuckTapeSunroof	Read Replies (2) of 25737

"Having 9k in cash seems like a pretty low and unreasonable threshold for seizure...." The legal threshold is a lot lower then that now.... (The amount at which the law calls for a Treasury declaration form to be filled out was originally '$10,000'... but it was then progressively lowered by Presidential Executive Orders to... I believe it's at $3,000. now.) Of course, that hardly matters because the law also covers 'structuring' to avoid the Treasury declaration form --- which is a separate felony in itself. ('Structuring' is ANY 'series' of transactions, or movements, that collectively could add up to the $3,000 limit... over any period of time.) Even the banks often don't know where the law really stands anymore --- so they mostly just report everything to cover their own asses with the feds.... Presumably the feds could charge most anyone they wanted to, at most any time, with a collection of major felonies... if they so desired.

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