201 Speedway

[Coal Miner]

http://www.wymt.com/content/news/Letcher-Co-business-owner-indicted-by-federal-grand-jury--379442911.html

[HoosierDirtFan]

http://www.wymt.com/content/news/Let...379442911.html

WOW that would be some news.

[dirtdobber45]

Thats sad... wth was he thinking?

[NormP]

He comes from a good family. His dad and uncles were hard working men when I was growing up. His uncle Roger cut my hair from the time I was a little boy until I left for college. I hate it for his family.

[hipower17]

hear that alot when a criminal gets caught. lol

[NormP]

Were you responding to me?

[chupp n bloomer fan]

He comes from a good family. His dad and uncles were hard working men when I was growing up. His uncle Roger cut my hair from the time I was a little boy until I left for college. I hate it for his family.

Honestly Norm, just as the other guy said, someone always says they are good people, good family, etc.

Look at the Paducah thread on Facebook, it's not private, you don't need Facebook to see it. One person, oh he's a good guy, give you anything, pray for him, don't bash him. BS, I'd love to see the understanding if it was her husband/relative who got blasted.

No it's not the same, but the comparison is still relevant. Though a lot of people cheat their taxes, just praying they don't get busted. I work with a guy we are just waiting on the day he gets caught so we can laugh our a$$es off. I choose not to, because they will ream you a new one, and I'm honest.

[NormP]

I didn't say the guy who committed fraud was a good person. He wouldn't have been indicted if that was the case. I have only met him once in my life. I'm talking about his family. His dad and uncles all ran businesses that were never investigated for fraud. You hate to see a good family name drug through the mud because of the black sheep of the family.

You can't blame an entire family for the actions of an adult.

[jterry0038]

I like to know why people think they can deposit money just under 10k and get away with it. The bank should file a SAR so it would be looked into now will the feds look into the bank itself. There are things in place to stop the money stiffing or hiding, also you will more than likely not get away with it.

[chupp n bloomer fan]

I didn't say the guy who committed fraud was a good person. He wouldn't have been indicted if that was the case. I have only met him once in my life. I'm talking about his family. His dad and uncles all ran businesses that were never investigated for fraud. You hate to see a good family name drug through the mud because of the black sheep of the family.

You can't blame an entire family for the actions of an adult.

I agree Norm. Sorta misinterpreted what you said.

[Clayton_Wetter]

I like to know why people think they can deposit money just under 10k and get away with it. The bank should file a SAR so it would be looked into now will the feds look into the bank itself. There are things in place to stop the money stiffing or hiding, also you will more than likely not get away with it.

You mean withdraw? I for one think a person should be able to withdraw any amount of his own money from their bank account. All deposits though should be accounted for.

If they pull you over and you have cash in your car they can take it. Word to the wise keep your cash on hand out of your car. And maybe even out of your house.

[chupp n bloomer fan]

You mean withdraw? I for one think a person should be able to withdraw any amount of his own money from their bank account. All deposits though should be accounted for.

If they pull you over and you have cash in your car they can take it. Word to the wise keep your cash on hand out of your car. And maybe even out of your house.

You can Clayton. Certain amount, they'll make you set up an appointment, but you most certainly can.

[NormP]

I agree Norm. Sorta misinterpreted what you said.

I figured that. No big deal.

The "hipower" guy apparently decided he had stuck his foot in his mouth.

[jterry0038]

You mean withdraw? I for one think a person should be able to withdraw any amount of his own money from their bank account. All deposits though should be accounted for. If they pull you over and you have cash in your car they can take it. Word to the wise keep your cash on hand out of your car. And maybe even out of your house.

"Breeding was also indicted for illegally structuring his bank deposits involving more than $100,000.00 in a 12-month period to avoid the IRS being notified of his deposits."

That means he was depositing money under $10,000 each time because anything over that will be reported to the IRS with a form 8300. Still if you make deposit under that several time they should fill a SAR out to report that actively.

If I have money in my car and they pull me over for speed they cannot take your money unless they have a warrant and it has to state in the item list of things they are seizing. If any cop ask for money from you without a warrant you better find you a good lawyer and go after them.

[Clayton_Wetter]

"Breeding was also indicted for illegally structuring his bank deposits involving more than $100,000.00 in a 12-month period to avoid the IRS being notified of his deposits."

That means he was depositing money under $10,000 each time because anything over that will be reported to the IRS with a form 8300. Still if you make deposit under that several time they should fill a SAR out to report that actively.

If I have money in my car and they pull me over for speed they cannot take your money unless they have a warrant and it has to state in the item list of things they are seizing. If any cop ask for money from you without a warrant you better find you a good lawyer and go after them.

Here is a good article for you and others to read JT.

http://www.alternet.org/civil-liberties/police-can-just-take-your-money-car-and-other-property-and-good-luck-getting-it-back