Discussions on Formal Sentencing Hearing - Jodi Arias #8

[SuzDuJour]

Wasn't there a recent conservation between Jodi and MDLR about money and a comment that IRS wouldn't know?

 

[FelicityLemon]

The shaka hand signal looks the same as the phone call hand signal. Since they are in HI, it was probably meant as a greeting.

In the 70s the surfers used it as "hang loose"

 

[Nancy_Drew]

Here is some good info on 501c3 Non Profit Organizations
http://www.501c3.org/blog/legal-liability-for-nonprofit-board-members-part-two/

Board members should also be aware of other financial aspects of the organization. Typically organizations run into financial problems (such as fraud or improper bookkeeping) when board members turn a blind eye to who is in charge of the finances. All too often an organization has one person writing the checks, taking money to the bank, and keeping record of donations and other income generated by the nonprofit. This lack of oversight may lead to a number of issues, the least concern being unbalanced books, and the worst being stolen or missing money. This lack of proper checks-and-balances reflects on the board as an abdication of responsibility. It’s not enough for a board member to say they didn’t know. It is their job to know! And while Intermediate Sanctions penalties are rarely assessed for this type of situation, nobody wants the headache and embarrassment of a situation that should have been avoidable. Of course, there are always unknowable variables which result in issues such as embezzlement or over compensation. As long as the board members can show that proper steps were taken to avoid these circumstances, their liability is minimal.

 

[FelicityLemon]

Troy Hayden is so freaking funny! Talking about taking an anti-diarrheal so he wouldn't have to use the facilities while on a overnight field trip to jail or prison, LOL!

 

[Hatfield]

Just as with the Bank Secrecy Act I referred to upthread, this applies to the financial institutions, not their customers. The reporting requirement is on the financial institutions and they would be the ones in trouble for violating it.

Right but see its the required reporting that the customer would be worried about if that customer did not want those funds to be reported to the IRS lets say. Or to any other place that may red-flag it.

So if there is any truth to the multiple accounts I am pretty sure JA and her minions were trying to keep under the reporting threshold.

Think of it this way. If they knew there was a certain limit where funds would start to be reported to other governmental agencies, then it may be their idea to have mutliple accounts to keep the funds under that reporting threshold.

 

[Caylee Advocate]

So what happens if Jodi goes on a hunger strike ?

To my understanding, they would have to get a court order and force feed her via an IV. I think they put her tray in slot, if she doesn't eat, too bad, they note it and won't do too much until she is in pretty bad shape. I recall a prison in CA. a couple of years ago had a hunger strike, and some prisoners were unconscious when the court order was given. Sorry I can't recall which prison off the top of my hippocampus.




ETA: link...... http://www.reuters.com/article/2013/08/20/us-usa-california-hungerstrike-idUSBRE97I0ZV20130820

 

[GigiG]

William Pitts ‏@william_pitts 1m1 minute ago

BREAKING: Appeals court denies MCAO appeal in Debra Milke case. No murder retrial, was on death row for 22yrs. Released bc of misconduct
0 retweets 0 favorites

I think this is one Juan prosecuted.

No, prosecutor wasn't JM.

 

[Myvice]

Would you mind elaborating? What do the banks do? Do they call you or send you a letter? Very interesting as I have never had an inquiry with deposits into my account over $10,000.00. Thank you.

If you make a deposit or withdrawal of $10,000 or more your bank has to file a report on it. You may not be notified about it but the bank is required to report it.

Obviously, there are legitimate reasons for large deposits or withdrawals, but if your account is flagged in this manner, big brother will be watching your account to make sure it's on the up and up.

It's my experience that they have started monitoring amounts for less than $10,000 as well.

I've been asked about dividend checks as well if they come from a little known company.

I'm small town though so it could just be nosy people. But my DH is a retired banker so I can confirm what SamSpace posted.

 

[La-Cooks]

If I were a network chieftan I really would consider a premium cable or satellite channel to allow true crime aficionados to keep close tabs on their favorite LWOP or DP inmates. Live video feeds for the top felons, at least some amount of time, revenue-sharing with the prison to entice them to permit such a thing. I think it would rake in the $$$. Perhaps multiple channels if needed. Some % of the profits could be donated to victims' families and/or pay for programs geared to victims.

That is a crazy view in that it will be entertainment to trap people in a prison setting like a rat in a cage just to capture video for your entertainment. Crazy as hell.

 

[Nancy_Drew]

Right but see its the required reporting that the customer would be worried about if that customer did not want those funds to be reported to the IRS lets say. Or to any other place that may red-flag it.

So if there is any truth to the multiple accounts I am pretty sure JA and her minions were trying to keep under the reporting threshold.

Think of it this way. If they knew there was a certain limit where funds would start to be reported to other governmental agencies, then it may be their idea to have mutliple accounts to keep the funds under that reporting threshold.

A few posts up I posted the info from the PayPal website about IRS reporting for online payments and donations. The form used to report the funds is the IRS 650w

Here is the link again, https://www.paypal.com/webapps/mpp/irs6050w

 

[Myvice]

Right but see its the required reporting that the customer would be worried about if that customer did not want those funds to be reported to the IRS lets say. Or to any other place that may red-flag it.

So if there is any truth to the multiple accounts I am pretty sure JA and her minions were trying to keep under the reporting threshold.

Think of it this way. If they knew there was a certain limit where funds would start to be reported to other governmental agencies, then it may be their idea to have mutliple accounts to keep the funds under that reporting threshold.

This is true and if there's a pattern that can be proven, it is also against the law.

 

[Nancy_Drew]

That is a crazy view in that it will be entertainment to trap people in a prison setting like a rat in a cage just to capture video for your entertainment. Crazy as hell.

I would have paid to see JA throw a trantrum when they told her her hidden money was found and now it will be used to help pay restitution to the Alexander family!!

IMO, that would have been hilarious!

 

[Nancy_Drew]

That is a crazy view in that it will be entertainment to trap people in a prison setting like a rat in a cage just to capture video for your entertainment. Crazy as hell.

I would have paid to see JA throw a trantrum when they told her her hidden money was found and now it will be used to help pay restitution to the Alexander family!!

IMO, that would have been hilarious!

 

[Hatfield]

If you make a deposit or withdrawal of $10,000 or more your bank has to file a report on it. You may not be notified about it but the bank is required to report it.

Obviously, there are legitimate reasons for large deposits or withdrawals, but if your account is flagged in this manner, big brother will be watching your account to make sure it's on the up and up.

It's my experience that they have started monitoring amounts for less than $10,000 as well.

I've been asked about dividend checks as well if they come from a little known company.

I'm small town though so it could just be nosy people. But my DH is a retired banker so I can confirm what SamSpace posted.

Exactly. Its the required reporting threshold that some "not so honest" people may have decided to use multiple accounts to try to stay under the threshold. They would do so to try to prevent the bank from reporting their funds to other governmental agencies.

Some of those other governmental agencies may have the sole purpose to watch those types of accounts and try to make sure they are not used for money laundering, drug dealing, etc.

If JA and Co. were not planning on filing taxes on their funds, they obviously would want to stay under the special reporting thresholds.

 

[krkrjx]

Okay, quick reality check. For those concerned about if/when/how the financial stuff is being investigated, just know that it is. Think back to this morning when there was a video of children and within HOURS, the person in question was fired. Many people on here wrote letters and the information got where it needed to go. The same is happening again. The levels at which it is happening work slowly. You may not hear about it, but it will be taken care of.

Yeah, but...I wanna hear about it.

 

[Nancy_Drew]

Sorry, I don't remember that post but if you look at the picture of the kids from the Boys & Girls Club, 2 of them are making the “phone call” hand symbol.

You are kidding me??!! Wow!! Unbelievable!! Why isn't anyone saying anything about that? Can you imagine if the teacher had planned a group video chat before JA got it taken away??!!

 

[FelicityLemon]

I would have paid to see JA throw a trantrum when they told her her hidden money was found and now it will be used to help pay restitution to the Alexander family!!

IMO, that would have been hilarious!

A whole lot of people would pay to see that!

Some people's crazy is other people's entertainment. It's called 'reality tv'. Sort of. ha!

 

[AZlawyer]

Geevee mentioned that MDLR told Troy Hayden, JA didn't have a mental breakdown. Is she violation the HIPPA law? I thought no one was suppose to give that information out? Sheriff Joe said according to HIPPA laws he could not comment one way or the other about JA's mental health

MDLR is not covered by HIPAA. Sheriff Joe is, because his agency provides health care to inmates. Similarly, your grandma's doctor can't post details of her surgery on FB, but you can. HIPAA only covers providers of health care.

 

[Nancy_Drew]

Exactly. Its the required reporting threshold that some "not so honest" people may have decided to use multiple accounts to try to stay under the threshold. They would do so to try to prevent the bank from reporting their funds to other governmental agencies.

Some of those other governmental agencies may have the sole purpose to watch those types of accounts and try to make sure they are not used for money laundering, drug dealing, etc.

If JA and Co. were not planning on filing taxes on their funds, they obviously would want to stay under the special reporting thresholds.

Per the PayPal website, the threshold for receiving online payments is $20k before you need to fill out and IRS form 650w and report it. https://www.paypal.com/webapps/mpp/irs6050w

How is the $20,000 calculated? Will it be calculated based on net or gross transaction earnings?

As required by IRC 6050W, the $20,000 will be calculated by looking at a seller’s gross payment volume for sales of goods or services. Gross amount means that any adjustments for credits, cash equivalents, discounts, fees, refunded amounts or any other amounts will not be netted out.

In addition, the reported amount will include any shipping and handling, sales tax or other fees which are included in payments you receive. We realize that these amounts may or may not be included in your taxable income, but we are required to report them. You should work with your tax advisor to determine how these items should be treated for tax purposes.

 

[ElleElle]

Would you mind elaborating? What do the banks do? Do they call you or send you a letter? Very interesting as I have never had an inquiry with deposits into my account over $10,000.00. Thank you.

I work for a lottery/casino corporation, and they do this too in Canada. It's called FINTRAC. (Financial Transactions and Reports Analysis Centre of Canada) The US version must be similar.

If any transaction is $10,000 or over it gets flagged and they track down the source. ie: DL, backgrounds of parties involved.

How FINTRAC Builds a Case

http://www.fintrac.gc.ca/fintrac-canafe/hfbac-eng.asp