WTB Bitcoin - $10,000+ - page 2. | Bitcointalksearch.org

DannyHamilton

legendary

Activity: 3528

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Quote from: BurtW on April 28, 2014, 08:55:57 AM

Quote from: DannyHamilton on April 28, 2014, 08:50:01 AM

Quote from: BurtW on April 28, 2014, 08:47:41 AM

They do not apply to the sale of property and we all know the IRS considers BTC to be property.

And FinCEN does not consider BTC to be property.

I would side with the IRS for now, until some other gov entity serves my purpose better.

Side with whoever you want, but when the FBI comes knocking, you'll discover that "The IRS says" is not a valid defense.

jonald_fyookball

legendary

Activity: 1302

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Core dev leaves me neg feedback #abuse #political

Quote from: Bankster on April 28, 2014, 08:32:34 AM

Quote from: jonald_fyookball on April 28, 2014, 08:30:54 AM

Whoever is selling coins, please make sure they are a real hedge fund.
Do your due dilligence by contacting the hedge fund directly and verifying.

"Hello, I am one of several lawyers representing a Hedge Fund that wishes to remain anonymous."

doesn't sound fishy at all.

Bankster

newbie

Activity: 14

Merit: 0

Quote from: DannyHamilton on April 28, 2014, 08:51:13 AM

Quote from: Bankster on April 28, 2014, 08:49:53 AM

I am very familiar with this law. I have never stated, nor will I ever state that my client is buying $10,000 and above per transaction. There will be several smaller transactions for several reasons. I nor any of my colleagues will ever do an illegal transaction.

Regards, B

Quote from: DannyHamilton on April 28, 2014, 08:41:33 AM

structuring multiple transactions for the purpose of avoiding the CTR requirements is also a federal crime.

This applies to the original party. If another entity(s) come into the picture at a different time while the first deal has been concluded, structuring will not be present.
"Hello, I am one of several lawyers"

I have merely stated $10,000+ for the volume of BTC needed. Never have I stated it was for a single transaction.

BurtW

legendary

Activity: 2646

Merit: 1138

All paid signature campaigns should be banned.

Quote from: DannyHamilton on April 28, 2014, 08:50:01 AM

Quote from: BurtW on April 28, 2014, 08:47:41 AM

They do not apply to the sale of property and we all know the IRS considers BTC to be property.

And FinCEN does not consider BTC to be property.

I would side with the IRS for now, until some other gov entity serves my purpose better.

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: Bankster on April 28, 2014, 08:49:53 AM

I am very familiar with this law. I have never stated, nor will I ever state that my client is buying $10,000 and above per transaction. There will be several smaller transactions for several reasons. I nor any of my colleagues will ever do an illegal transaction.

Regards, B

Quote from: DannyHamilton on April 28, 2014, 08:41:33 AM

structuring multiple transactions for the purpose of avoiding the CTR requirements is also a federal crime.

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: BurtW on April 28, 2014, 08:47:41 AM

They do not apply to the sale of property and we all know the IRS considers BTC to be property.

And FinCEN does not consider BTC to be property.

Bankster

newbie

Activity: 14

Merit: 0

Quote from: DannyHamilton on April 28, 2014, 08:41:33 AM

To all potential sellers:

If you live in the U.S. use extreme caution with this transaction.

FinCEN requires that a CTR (Currency Transaction Report) be properly filed for transactions that exceed $10,000. If the seller is unwilling to provide the necessary information to file the report, there is a very real possibility the the buyer is an undercover agent, and you are at significant risk of being charged with a federal crime.

Furthermore, structuring multiple transactions for the purpose of avoiding the CTR requirements is also a federal crime.

Undercover agents can and will lie to you. This does NOT provide you with an "entrapment" defense. "Entrapment" in the legal sense is NOT as simple as T.V. and movies portray it, and requires a very specific set of criteria be met.

If the buyer actually is a lawyer (I highly doubt this), then he is aware that what he is asking is illegal and he can be subject to disbarment for his involvement in this. I highly suspect that at least one of the people that contact him will report him. If the buyer is not an undercover FBI agent, then if (when?) he is arrested, it is quite possible that he will cooperate with the FBI to assist them in arresting you.

I have never stated, nor will I ever state that my client is buying $10,000 and above per transaction. There will be several smaller transactions for several reasons. I nor any of my colleagues will ever do an illegal transaction.

Edit: If we ever do, deny the transaction and walk away.

Regards, B

BurtW

legendary

Activity: 2646

Merit: 1138

All paid signature campaigns should be banned.

I have sold cars, rare baseball cards, works of art, and other property for more than $10,000 and never once filled out a form. Why are you so concerned about these forms? They do not apply to the sale of property and we all know the IRS considers BTC to be property.

DannyHamilton

legendary

Activity: 3528

Merit: 4945

To all potential sellers:

If you live in the U.S. use extreme caution with this transaction.

FinCEN requires that a CTR (Currency Transaction Report) be properly filed for transactions that exceed $10,000. If the seller is unwilling to provide the necessary information to file the report, there is a very real possibility the the buyer is an undercover agent, and you are at significant risk of being charged with a federal crime.

Furthermore, structuring multiple transactions for the purpose of avoiding the CTR requirements is also a federal crime.

Undercover agents can and will lie to you. This does NOT provide you with an "entrapment" defense. "Entrapment" in the legal sense is NOT as simple as T.V. and movies portray it, and requires a very specific set of criteria be met.

If the buyer actually is a lawyer (I highly doubt this), then he is aware that what he is asking is illegal and he can be subject to disbarment for his involvement in this. I highly suspect that at least one of the people that contact him will report him. If the buyer is not an undercover FBI agent, then if (when?) he is arrested, it is quite possible that he will cooperate with the FBI to assist them in arresting you.

BurtW

legendary

Activity: 2646

Merit: 1138

All paid signature campaigns should be banned.

Whether from a fund or a "fund" cash is cash.

Bankster

newbie

Activity: 14

Merit: 0

Quote from: jonald_fyookball on April 28, 2014, 08:30:54 AM

Whoever is selling coins, please make sure they are a real hedge fund.
Do your due dilligence by contacting the hedge fund directly and verifying.

"Hello, I am one of several lawyers representing a Hedge Fund that wishes to remain anonymous."

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Whoever is selling coins, please make sure they are a real hedge fund.
Do your due dilligence by contacting the hedge fund directly and verifying.

Bankster

newbie

Activity: 14

Merit: 0

PM's have been sent. If I missed you, please PM me with the required information.

BenAnh

hero member

Activity: 518

Merit: 500

Quote from: Bankster on April 28, 2014, 07:08:46 AM

We are indeed a very serious organization. I will PM each one of the offers to discuss in more detail.

Edit: There seems to be an issue with the PM system. I am getting a message saying I cannot post from my IP, even though it has been over 325 seconds since I sent my first PM.

You can use proxy to circumvent such issues and if you're using Chrome there's Hola Better Internet. By the way, you can post publicly in our open thread here about the deal https://bitcointalksearch.org/topic/trusted-reliable-fast-paypal-btc-es-codes-cash-deposit-wire-mgwu-524457 before sorting your new account!

Bankster

newbie

Activity: 14

Merit: 0

We are indeed a very serious organization. I will PM each one of the offers to discuss in more detail.

Edit: There seems to be an issue with the PM system. I am getting a message saying I cannot post from my IP, even though it has been over 325 seconds since I sent my first PM.

BenAnh

hero member

Activity: 518

Merit: 500

We can do it better than anyone else!

CryptoKilla

member

Activity: 112

Merit: 10

Quote from: Tomatocage on April 27, 2014, 08:05:57 PM

Quote from: CryptoKilla on April 27, 2014, 07:58:50 PM

In before this never happens

This does indeed seem to be a recurring theme: Register a new account. Post up a WTS/WTB thread immediately afterwards. Log out and never sign back on.

Couldn't have said it any better sir Wink

BurtW

legendary

Activity: 2646

Merit: 1138

All paid signature campaigns should be banned.

I am in Colorado, Denver area.

I have several large customers in my area that buy from me on a regular basis.

I met all of them through https://localbitcoins.com

Try it. You may find exactly who you are looking for. Most people usually do a transaction of less than $5,000 first, meet and see if there is a fit. If so then you can work out an ongoing deal with them.

I have good customers that pay me a set markup on the average price on a given day each month. For example we take the average value on the 12th day of the month, mark it up the agreed amount and that is our deal each month. I set aside the coins and we meet within the next few day after the 12th (depending on our schedules). They give me the cash, I give them the BTC. Once you know and trust someone you can do the deals outside the localbitcoins escrow (1% fee) but until I know someone well I always just use the localbitcoins escrow.

Good luck.

tagged

sr. member

Activity: 406

Merit: 251

IF you are for real, ill meet you in SC and can handle your volume. PM me to discuss pricing.

BurtW

legendary

Activity: 2646

Merit: 1138

All paid signature campaigns should be banned.

If you live anywhere near me I will meet you and do this deal. Post or PM me your location.

Topic: WTB Bitcoin - $10,000+ - page 2. (Read 2078 times)