Dont worry about Frozen Funds. Worry about Forensic Accountants

[Billman]

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Hell, I'd rather live in a Communist country where at least they're level-headed atheists who don't pretend they're ass-raping you for your own good.

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I'm not exactly sure if I would classify Cuba, China, and Vietnam as countries with a whole lot of freedom on the part of the people to do whatever they want.

I guess your statement would ring more true if you finished it by saying:

Hell, I'd rather live in a Communist country where at least they're level-headed atheists who don't pretend they're ass-raping you for your own good. At least when they ass-rape you they do it for the good of the party.

[rutang]

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Hell, I'd rather live in a Communist country where at least they're level-headed atheists who don't pretend they're ass-raping you for your own good.

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isn't that what the "communist" countries were doing, ass raping the people and claiming it was for thier own good?

So there's no need to despair, America does not hold a monopoly on self rightous ass-raping.

[Subfallen]

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Hell, I'd rather live in a Communist country where at least they're level-headed atheists who don't pretend they're ass-raping you for your own good. At least when they ass-rape you they do it for the good of the party.

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Yes, I should have included this last sentence; you have captured my thoughts perfectly.

Can you imagine a self-righteous cvnt like Bush ever speaking as frankly as Stalin, "A single death is a tragedy; a million deaths is a statistic."

[Billman]

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Yes, I should have included this last sentence; you have captured my thoughts perfectly.

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Capturing thoughts is a whole different governemnt agency.

[crashjr]

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Isn't this a DOJ investigation, and isn't there some sharing of information act or something prohibiting federal agencies from sharing certain information uncovered during an investigation?

For example, if I understand correctly, if I report drug dealing money as income for IRS, the IRS can't legally go and tell my local law enforcement agency to arrest me.

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This is patently false.

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Perhaps you can expand on that?

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http://www.twoplustwo.com/magazine/current/Fox0207.html

See myths #11 and 12.

[Skallagrim]

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90%+ of all poker players are net losers. So we would have to assume that the IRS is pouring all of this effort into trying to catch the ~ 10% who actually make money. Of that 10%, you're likely to have a nice curve that starts off with most people making chump change and sloping down quickly as the amount won goes up. Of all the winners, I'm going to speculate that over 50% are on the chump change side of the curve.

My guess is that the IRS is hoping to accomplish the following:

a) Find a few big fish who have under-reported income.

b) Put together a mountain of evidence against the online gaming sites plus gather evidence on other illegal activities.

That's not an a or b answer. It's a and b. I really don't think the IRS is going to get it's panties in a bunch and spend all of that money to go after some guy who netted out +$300 last year and failed to claim it. They do want to go after a guy who netted out +$300,000 and didn't report it though.

I also believe this is a data gathering exercise that they feel they can use in further criminal cases against sports books, online casinos, etc. I mean, let's face it, does anybody really think that bookies aren't laying off action to online sports books? There's likely to be mob money washing around inside Neteller too. Hundreds of millions of dollars are moving around and the US gov knows that some of it is up to no good. They want those accountants in there looking for the fishy activity that might lead them to taking down a major sports book operation (not online), money laundering, and other big arrests.

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Billman has this issue about 100% right IMHO.

[Mendacious]

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90%+ of all poker players are net losers. So we would have to assume that the IRS is pouring all of this effort into trying to catch the ~ 10% who actually make money. Of that 10%, you're likely to have a nice curve that starts off with most people making chump change and sloping down quickly as the amount won goes up. Of all the winners, I'm going to speculate that over 50% are on the chump change side of the curve.

My guess is that the IRS is hoping to accomplish the following:

a) Find a few big fish who have under-reported income.

b) Put together a mountain of evidence against the online gaming sites plus gather evidence on other illegal activities.

That's not an a or b answer. It's a and b. I really don't think the IRS is going to get it's panties in a bunch and spend all of that money to go after some guy who netted out +$300 last year and failed to claim it. They do want to go after a guy who netted out +$300,000 and didn't report it though.

I also believe this is a data gathering exercise that they feel they can use in further criminal cases against sports books, online casinos, etc. I mean, let's face it, does anybody really think that bookies aren't laying off action to online sports books? There's likely to be mob money washing around inside Neteller too. Hundreds of millions of dollars are moving around and the US gov knows that some of it is up to no good. They want those accountants in there looking for the fishy activity that might lead them to taking down a major sports book operation (not online), money laundering, and other big arrests.


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Agree!

[ChrisAJ]

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In other news, every state has been ordered to build 50 new federal prison complexes by the end of 2007.

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States don't build federal prisons. They build state prisons. The Feds build federal prisons; they just happen to build them in states (Gitmo being an exception).

[RoundGuy]

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States don't build federal prisons.

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Good catch. The real question is -- will they be "pound-me-in-the-ass" prisons, or the ones with the ornamental waist-high fences?

[ChrisAJ]

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States don't build federal prisons.

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Good catch. The real question is -- will they be "pound-me-in-the-ass" prisons, or the ones with the ornamental waist-high fences?

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Probably wouldn't make much of a difference, as you could still get bent over the ornamental waist-high fence and get pounded in the ass.