Re: [privacy] What bank reported Spitzer to the IRS?

[Manichattan <manichattan () gotham us>]

Apparently the terms "cash transaction" and "wire
transfers" can be used interchangably.

It doesnt seem as if he went to the ATM 3 times.
This could explain why the bank 'had' to report it.

I wonder if the same red flag would have been risen in 3 other scenarios:

1. If he had taken cash out of the bank himself. 
There, in fact, all still legitimate reasons to have to pay in cash.

2. If he had made just one 10,000 transaction, it may have been reported
to the IRS, but that could have been easily "explained" somehow.

3. If the 'suspicious' transfers had been to a New Jersey Interior Decorating 
firm that had a 'shell company' in Manhattan.  
In other words - were the banks somehow tracking tranfers to this 
particular company?
It seems ridiculous that with all of the companies doing business from
'shell companies' that this would be a big deal.

Otherwise the international shipping industry would not be able to function. 
Nor would organized crime, nor would spammers.

It seems to me that Spitzer was singled out somehow. 

If I am wrong, or if I am missing something obvious, I apologize.  

-manichattan


On Wed, Mar 12, 2008 at 08:18:05AM -0400, Richard M. Smith wrote:
> Here's the bank:
>
> http://www.washingtonpost.com/wp-dyn/content/article/2008/03/11/AR2008031100
> 380_2.html?hpid=topnews&sid=ST2008031102183
>
> The criminal investigation into Spitzer began when North Fork Bank notified
> the Treasury Department's financial crimes network about suspicious activity
> in one of the governor's personal accounts, another source familiar with the
> case said.
>
> Richard 
>
> -----Original Message-----
> From: Jon O. [mailto:jono () networkcommand com] 
> Sent: Tuesday, March 11, 2008 7:05 PM
> To: Richard M. Smith
> Cc: privacy () whitestar linuxbox org
> Subject: Re: [privacy] What bank reported Spitzer to the IRS?
>
>
> NPR said it had something to do with a wiretap but didn't go into more
> detail. It was on the 3/11 "All things considered" story on Spitzer.
>
>
> On Tue, Mar 11, 2008 at 04:57:26PM -0400, Richard M. Smith wrote:
> > Hi,
> >
> > Has anyone seen in the press the name of the bank that reported to the 
> > IRS Spitzer's "suspicious" transactions?
> >
> > Richard
> >
> > _______________________________________________
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> > privacy () whitestar linuxbox org
> > http://www.whitestar.linuxbox.org/mailman/listinfo/privacy
>
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