Reply #21: BTW

[Kingshakabobo]

They probably have a case against Fatty Cakes for money laundering or "structuring", to be exact. The term money laundering has been tossed about and can be misleading because it brings to mind big time dealers like "Tony Montana" or other big drug king-pins. Structuring is the act of intentionally structuring a transaction in a way to avoid IRS reporting laws.

By his own admission, he says he pulled all that cash out to "pay his contractor" and did it in increments of less than 10k to avoid the reporting laws on the advice of his banker. The suspicion is the money went to his dealer. Either way he either "structured" his transactions to avoid IRS reporting for himself or his contractor. Both scenarios are illegal. People are prosecuted for this every day. Fat Bastard put his foot in his mouth on this one. And I don't want to hear "Mr. Talent on loan from god" try to say he didn't know it was illegal.