My last post on unloading $40,000 worth of money orders got a lot of people riled up. I could have called all Mexicans rapists and gotten less heat than I did over that post. The problem centered around depositing money orders into bank accounts, while trying to stay under the radar. Some people pointed out that keeping deposits under $10,000 per month to get around reporting requirements is considered structuring, which is illegal. I was misinformed by an article I read before publishing mine and did not intend to mislead anyone, nor did I advocate this activity. Turns out the mere intention of circumventing reporting requirements is illegal (and it applies to money orders and cash alike), so none of us should do it or we’ll get into trouble.
That being said, I want to point out that up until this point, I’ve rarely ever had to deposit more than $5,000 per month into any bank account since I was either doing small amounts of ms or I had prepaid cards to take the load off.
When the first few tweets came in, I was having lunch with my family and wanted to look into it rather than blindly accept what some blogger was tweeting. I tried to explain my side and that’s when the a**hole parade came to town. I’m fine with people saying, “This is illegal, here’s a link explaining why” but when people (some of whom didn’t even bother to read the post) made unfounded claims about my activities or resorted to name calling, I responded in disagreement. This was largely perpetuated by bloggers who are constantly clamoring for relevance by policing the community, as well as the lackeys who exist purely to stroke their egos.
A lot of guys got bent out of shape over my audacity to explain myself and responded with classic lines like, “don’t get all riled up,” “just do as I say,” “guys, she doesn’t understand” and my personal favorite – “This is what happens when woman [sic] blog about finance.” One
person psychopath calling him/herself “Pain” from Beverly, Massachusetts left two comments in German, threatening to set me on fire and hang me from a tree. You would have thought I was advocating for girls to go to school or something. Nope, someone is mad about the possibility of me “advocating” illegal activity…so he/she’s threatening to commit a crime to teach me a lesson. The internet is nothing if not a gathering place for intellectual powerhouses.
The reaction by some people on Twitter was equally absurd, not to mention concerning to any mental health professional. Not that I felt personally insulted by a bunch of lackeys living out their midlife crisis on Twitter, but when the opportunity presents itself, I enjoy being mean to people who clearly deserve it. Things backfired for them (and worked out in my favor) when some of those people who were upset with the post linked to it on Twitter. Thanks guys, for making this the second highest traffic day ever.
Personal insults and threats aside (most of which were lame and highly unoriginal), there was some misinformation spread that I was going to clarify (i.e. that I stagger $40,000 worth of money order deposits, that I told people to do the same, etc.). But then this post got too long and the last thing I wanted was to waste time explaining my manufactured spending habits to people who, based on their reaction to the original post, can’t read past headlines anyway.
In conclusion, staggering deposits under $10,000 to avoid reporting, for any reason, is illegal. So even though we’re not cocaine dealers laundering money, we can still get into legal trouble. The last thing I want is for readers to get into trouble because of something they think I advocated, so don’t do this.
There, that should put the fire out. If you’re still upset and can’t get over this tragedy, then make a hashtag or stand outside screaming “Stella!” repeatedly. I hear it’s cathartic and highly productive. If a bunch of people in white coats show up to take you away, just scream louder.
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