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8

But lately he has had his friend use my PayPal account. Someone will send me money and then I transfer it to where he tells me. To cash app or venmo. That's money laundering. Definitely illegal. He said it's money owed for cellphones. People in jail aren't supposed to have cellphones. You are helping him break the law, which means you are helping him ...


7

The criminal complaint against Sarao can be found on the US Department of Justice's website. He was charged under four different sections of US Code: 18 USC 1343, which prohibits the use of inter-state or foreign telecommunications in the furtherance of a fraudulent scheme. 18 USC 1348, which prohibits fraud concerning securities and commodities markets. ...


7

I imagine it's not a crime to change your mind before the order goes through, but that's not really what this guy did. The allegation is instead that he never intended to follow through on those orders in the first place. Entering an order to sell stocks and then canceling those orders is a crime if its done with an intent to manipulate the market, which is ...


5

My understanding is that the "flow-through" treatment is specifically a tax law concept. The LLC has its own income, which it can use to pay expenses or acquire assets or for whatever other purpose, and such assets become the property of the LLC. It's just that when it comes time to pay taxes, the LLC's net income is taxed as income to the owner. But that ...


4

No They will list the price they are charging you. This will normally be greater than what they paid because that’s how business works. The amount they are allowed to charge is what you agreed in your contract with them (which may incorporate a price list) or, if the contract is silent, a reasonable amount. What is reasonable will be related to what the ...


4

It would probably be very easy for a third-year associate to find someone willing to pay him $250 to spend an hour fighting a traffic ticket. But if you're talking about a full-time job practicing law with a base salary equal to $250/hour, I'll go out on a limb and say the chances are literally zero. That rate works out to about $520,000 annually, and ...


3

Scotland: Duty of finder - Section 67 of the Civic Government Scotland Act 1982 no threshold is stated, by non compliance fine of £ 50 Northern Ireland: Cash If you find cash, please hand this into your nearest police station. Cash that is not reunited with the owner is donated to charity. England: The item I've found is of low value or can't be ...


3

Yes, and no You can't legally destroy banknotes but you can destroy coins. You can't "fraudulently" alter coins but that's not what you were doing; you were doing a science experiment, not committing fraud. The law prohibits the destruction of "bank bill, draft, note, or other evidence of debt": a coin is none of those things. The first three are obvious, ...


2

Article 1 Section 8 appears to answer your question - only the Federal Government has the power to regulate the value of currency. Unilaterally forbidding the use of pennies as currency would be a regulation of their value (from 1 cent to 0 cents). A state government might be allowed to refuse pennies for the purpose of paying for a service in advance like ...


2

A reasonable person in John's position would know that dropping fragile objects of a roof is risky, and that padding is not an assured way to prevent damage. The trajectory could be off, so the plate just misses the pillows, say, or someone could accidentally bump and move them, or the padding might not be enough. As damage is a foreseeable consequence of ...


2

You are placing too much importance on "flow-through". It does not even belong on the same list as the others. LLCs are defined by state governments. They decide what an LLC is, what features it gets, and whether it can hold property. ("yes"). When an LLC holds property, the title is held by the LLC. Period. The state gets to decide that. The IRS is ...


2

The transaction you cite shows that the coins left what I presume is your wallet and went to another. You say that you "used" a payment processor, who will presumably convert the coins to Euros and pay your vendor. If so then the processor now has the coins. However it is your responsibility to get the payment to the vendor by following their instructions. ...


2

TL;DNR: It is currently illegal to melt down pennies and nickels in the US. US law (31 USC § 5111(d)(1)) gives the Secretary of the Treasury the power to "prohibit or limit...the melting of US coins when...necessary to protect the coinage of the US." In 2007, the Secretary (ie, the US Mint) used this power to issue a rule (31 CFR § 82.1(a) & (b)) ...


1

In the UK, there is no lower limit on a threshold on “theft by finding”, and indeed in a recent case in the UK a woman ended up with a criminal record and a conditional discharge for not handing in £20 she found on the floor. The general advice for the UK tends to be to either hand it in immediately - either at a police station, or if you found it within an ...


1

does the platform actually has the right to indefinitely hold the monies No. But they do not claim to have such a right though: the ordinary meaning of "suspend" is not "indefinitely hold". A reasonable person would expect the suspension to be temporary — pending any investigation / police inquiry as to whether the funds were actually fraudulent. Such an ...


1

Given that this transaction will not be otherwise found fraudulent/reversed, does the platform actually has the right to indefinitely hold the monies they have no ownership over? Indefinitely: yes; forever: no. Once the fraud investigation is completed the money would be released (if clean) or sent to the true owner (if fraudulent). If the contract is ...


1

I don't think this has been addressed, but: Contact a lawyer You shouldn't trust random people on the internet with this. You feel uncomfortable, and potentially participate in crimes. You should talk to a specialist, talk to a lawyer. That doesn't seem like a very complex problem, but you need a legal advice. There are some non-profits that help with ...


1

Your last paragraph asks for legal advice which is off topic here; you should talk to a lawyer. Having said that: You may not be able to prove you owned the BTC when they were only worth 250 USD, but how far back can you prove you owned them? If you can show you have held them for a while it strengthens your claim. Can you get your friend to testify about ...


1

IANAL and can't speak to Texas, but I have filled out insurance forms in California, which is also a Community Property state. CA case law is that life insurance where premiums are taken from Community money is Community Property. I believe TX follows the same rule. The husband's share can not be reduced below 50 percent without his permission. The insurance ...


1

This is a "how things are in practice" answer, not statutory. The ruling question is whether the virtual currencies are readily exchangeable for USD. For instance if there is a thriving, open currency exchange where I can convert 1000 World of Warcraft gold into 1 USD and back again anytime I please, then WoW gold takes on the character of a foreign ...


1

It is common for large US corporate employers to have an employee donations program, often through United Way, sometimes organized by the company or through some other aggregator. Every such company that I have been involved with (at least 5 that I have worked for) had a prominent statement that all donations were voluntary and would have no effect on ...


1

Articles 66, 67 and 115 of the "General Taxes Law" of Spain demand you are able to prove those earnings' source, and legality, and that taxation has been performed for them; for 4 years (theoretically, in practice from 4 and a half to almost 5 and a half, depending on the month when they were earned). Otherwise, nothing else than that ohwilleke had already ...


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