1247
posted ago by BrutalTruth101 ago by BrutalTruth101 +1247 / -0

And the checks for the cash were each $99,999,999.99 to stay under the 0NE HUNDRED MILLION DOLLAR cap on the president's discretionary spending limit... He cut 17 checks for the cash designed to thwart his limits... An abuse of power... And money laundering.

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MagaChamp253 4 points ago +4 / -0

Looks like STRUCTURING to me...

https://en.wikipedia.org/wiki/Structuring

> Structuring, also known as smurfing in banking jargon, is the practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law, such as the United States' Bank Secrecy Act (BSA) and Internal Revenue Code section 6050I (relating to the requirement to file Form 8300).