SNIPS
You don't know what you are talking about.
There is no requirement to report anything to do with a $ 13,500, or $
1,350,000 check transaction to the feds.Ony cash -- currency -- transactions in excess of $ 10,000 from someone ot already a known customer trigger a CTR. (currency transaction report).
Please engage brain before again putting fingers to keyboard.
It's stupid and the "right thing" seems like it would be common sense, but it ain't the way civil tort law works. Years ago, I poured over tombs of civil actions for false imprisonment, malicious prosecution and false arrest in both state records and on WestLaw - and you wouldn't believe some of the court and jury decisions. You have cases where criminals caught in the act win judgments, but legitimately damaged innocents receive nothing. It's all a big load of crap - and the courts are inconsistent in application and are totally lacking in reasonable common sense.
And in most jurisdictions (around here, anyway) municipalities are immune from any liability in all but the most egregious cases. Few have the resources to pursue a case beyond the local levels where such things are simply "covered-up".
BTW, Sheriff's departments and other law enforcement and fire officials are generally also considered an arm of the court - in these here parts, anyway...
As one judge told me, we are all "Brothers and Sisters of the Bar". Meaning that they cover each others asses to the detriment of yours. And this includes cronies, contributors, and family members.
Guaranteed! Soulless bastards...
Greg G.
Don't think so. Do you realize how many check transactions of that magnitude are made by businesses every minute of the day? I've never seen it in my 40 years in industry.
| On 3 Dec 2005 12:52:17 -0800, with neither quill nor qualm, "Charlie | Self" quickly quoth: | || I hope the HR manager grabs a large pot of beans off WalMart's || legal stove with this one, and sues the living shit out of the || deputy and the municipality for which acts as a paid thug. | | A definite injustice was done, but hoping that a city and a | corporation get sued for something that an employee of each | did to the poor guy is simply NOT the way to fix it, Charlie. | The person who called the cops/got the guy arrested and, if | warranted, the cop, should be held responsible, not the companies | they work for. That's just downright idiotic.
Not so idiotic as you might think - a manager 'speaks with the voice of the corporation' (that's how he can hire and fire and direct the conduct of those reporting to him/her). If that manager makes a legal faux pas, the organization that granted him the authority to do so is responsible for his actions.
| You shouldn't be able to sue a gun manufacturer for something some | asshole might have done with a gun in Boston or 'Bama, either.
Unless the shooter was an employee of that manufacturer and encouraged by them to shoot customers as a part of conducting the company's business. :-)
| Shame on you for that type of thinking. Lawsuits hurt EVERYONE! | Well, except for the insurance companies and lawyers who all charge | their highest rates for the privilege.
Except for the "shame on you" part, I agree. Still, Wal-Mart management issued a false felony accusation (is that libel?) and the Tampa PD fielded an inadequately trained/screened officer who preempted judicial powers by assuming guilt without evidence and spoke falsely of that guilt in a public setting (as an official representative of the City of Tampa).
-- Morris Dovey DeSoto Solar DeSoto, Iowa USA
irrelevant, unless you have information that this was not done.
A comment like the above reminds me of a story about Paul Brown, the football coach.
Seems Brown was having a service preformed and the guy screwed up doing the job.
The guy tried to apologize to Brown;, however, rejected it saying, "It's not your fault, it's the idiot who hired you."
I couldn't agree more.
Lew
And the Miami Herald says, in part :
Note the guy's not some drone off the manufacturing floor, he's an HR manager. Those people usually dress pretty business-like; at least they do in my wife's HR office. They're also pretty well versed in business-like behavior and have decent educations.
SNIP
It's certainly difficult to tell what really took place from reading an article but it certainly sounds as though the guy had the ID, supporting information and a company history with the practice.
What's criminal in all of this is making him stand around in a Walmart for 2 hours! See? The slippery-slope of making torture acceptable has trickled down to Wallyworld.
Say what? This is a frigging Wal-Mart, not a machine shop. It's a low to lower quality retail store, not some office supplies outfit. I would assume that the check was issued by GAF's appropriate department. You do NOT mail checks to a retail store unless it's a mail order store. No mention was made of a PO, so I have no idea if one was involved. Delivering a check in person is how we buy at retail stores. It is how probably 50% of Wal-Mart customers buy. The only discordant note here was the size of the check. The product had been ordered and printed for the particular employees.
You mentioned dress: I do not know how the HR manager was dressed, but in IME, HR types tend to dress up a bit more than other corporate employees, some of them being almost as natty as Don Guillard at Woodcraft.
Attitude? I hope there was attitude. If they'd done that to me, they'd have needed the frigging cops and an ER squad to get the manager's balls down from around his neck where I'd punt them for his treating me like that.
Attitude doesn't always come with being black. It comes with being screwed over.
I've been in two. Both had the same rancid popcorn smell as K-Mart. Standing at the service desk in one for 2 hours is certainly Cruel and Unusual!
The $10 limit has to do with bank deposits/withdraws not with commercial or even private transactions. No, it would not really have been any more prudent to call ahead. Corporations issue checks in the mega buck range on an hourly basis. Though... I'll admit that my first thought when reading Charlie's post was - why didn't GAF cut a PO? That's more the normal process.
At work, I buy test sets that cost $30,000 each. Occasionally, I buy as many as ten at a time. They get paid for with a corporate check from our AP dept. There is no extra paperwork.
I bought a new Toyota pickup in March with a personal check. There was no extra paperwork.
The down payment on my home was a certified check from my account, the rest was a check from the mortgage holder. The only extra paperwork I had to file was to certify to the lender that I didn't borrow the down payment.
Seeing a pattern?
The check IS the paper trail. The IRS paperwork is used in cash transactions.
Barry
Old proverb: "Never attribute to anger that which can be explained by stupidity". I trust there's more to the story than meets the media eye.
IMHO, YMMV
"While that is true, it is also true that the checks issued through purchase orders are issued by the appropriate financial departments of the company issuing the purchase order and generally sent via mail to the financial receiving department of the company with whom the purchase order was placed. In my experience, it would be very unusual for a person to deliver a check in person. "
The check was issued by the company.
Sure, for the average "widgets" a company will send a check. However, when cash or near cash items are involved it is the always the case that a real live human being will deliver payment in person when the transaction involves purchasing items such as this. (Gift cards are like cash) That person will be either a trusted company employee or a bonded messenger. In my 20+ years as a professional financial manager this has ALWAYS been the case. Though I've only seen messengers trusted with securities. Cash or near cash items are always handled by employees. If I were GAF's CFO I would have been damn glad that it was another member of senior management was the one running around with 10k of cash rather than just anyone.
Wal Mart would not know what to do with a PO. The are just not set up to do business that way, at least on the local store level.
All of our normal business transactions are by PO but if we have a lunch catered, order pizza, or the local snow plow guy, we cut a check as the local stores do not have billing procedures and the cost associated with them.
"Ba r r y"
The 8300 IRS form is not a form the buyer ever sees. I am a car dealer, believe me we file the forms. We are not allowed by law to even tell you we are filing it. Not to mention we have to keep it on file for five years!
Dave
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I was just asking if the story says this or if it your interpretation. Relax.
These things were ordered earlier--pre-printed, remember? It may well be that a PO was issued then.
"TeamCasa" wrote in news:1133706146 snipped-for-privacy@spool6-east.superfeed.net:
Form 8300; All parts must be filed for all Cash transactions over $10,000. the term Cash means the following; U.S. and Foreign coin and currency received in any transaction. A cashiers check, money order, bank draft, or travellers check having a face value of $10,000 or less that is received in the cash transaction that collectively exceeds $10,000. Cash does not include a check drawn on the payers own account, such as a personal check or business check, regardles of the amount, nor an inter bank transfer. Cash does not include coin, cashiers check, money order, bank draft or travellers check if it constitutes the proceeds of a US sourced bank loan. The receipient of the payment received in trade or business must file the form 8300.
[sorry episode snipped]
This requirement applies only to -cash- transactions. And it doesn't prohibt the transaction, it only requires that it be reported.
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