Bodog Payout's are Sheisty

Good point. 8)

Depositing $6k at 10 different bank branches in a day seems the very definition of structuring though.

Def not structuring. It wasn't illegal to deposit all 31 checks at the same bank, but you have to understand my town has a population of 895. A man in shorts and a tshirt walking in to our one bank with 62k in checks might cause them to research the origin, especially when he has 31 of them. I didn't need any of that, I just wanted the checks deposited before I had to wait another month for Bodog to issue me new ones if they got refused.

But I definitely didn't do this to avoid any taxes. I've paid tax on every dollar I've ever made in online gambling, it's just easier that way.

Oh and only cash over 10k will cause you to fill out a the CTR report, checks are fine.

Oh didn't know that.


I thought structuring was to avoid filling out a Susp. Transaction Report, not to avoid paying taxes.

I actually never heard the term until I read Greenstein's book, where he mentioned depositing 8-9k in the bank at a time. You might be right, but I understood it as a tax thing.