The Clintons aren't quite as ultra-rich as the Kochs, but at $100m+ they're still ultra rich and easily have enough money to play this game.
A reward for a lifetime of public service, I guess.
The problem is that none of the popular stories on AM radio that ask people to be outraged about this are that sort of situation.
There are a few legit outrages. There are people who have had their money seized by the government because all their cash deposits came in under $10k. In a lot of cases the reason they were making smaller deposits is because their insurance company required them to have less than $10k in cash on the premises. Small deposits aren't a crime in and of themselves - it's only a crime if the intent is to evade currency reporting requirements. In general federal agents just assume you're engaged in structuring if you make smaller deposits, but when they do that they're not following the law, and the IRS has had to return the money in hundreds of cases.
No, the reporting requirements are all about cash. If you're getting checks the government already knows where the money is coming from. The only way this is going to get you into trouble is if you pull the money out in cash and then deposit it somewhere else in small increments.
No, a single transaction just under ten grand isn't illegal. But five transactions over five days, or from five different banks, each just under $10k? That's going to get you into trouble. You could ask Dennis Hastert, if they'll let you visit him in jail.
The sad thing is all structuring requires is intent. If you have $15k, and you decide to split it into two transactions, you have already broken the law independent of whether or not you follow through with the transactions.
Incidentally, that $10k limit is only for certain types of transactions. Other types have lower limits, and there isn't anywhere official you can go to find out what those limits are or what kind of transactions they apply to. Even if nobody at the bank files a Suspicious Transaction Report, your transaction may still go to the government.
Hah hah. I knew a guy who got busted because he used a credit card. The cops took down a massage parlor and had his name, dates, billing address...
There's no way I would even give my real name to a hooker.
Computers are not intelligent. They only think they are.