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It's conspiracy to commit bank fraud if you lie to a US bank to get them to clear US dollar transactions in violation of sanctions. Banks pay astronomical fine

It's conspiracy to commit bank fraud if you lie to a US bank to get them to clear US dollar transactions in violation of sanctions. Banks pay astronomical fines for evading sanctions. Infographic -> https://www.refinitiv.com/content/dam/gl/en/documents/infographics/fines-for-banks-that-breached-us-sanctions-infographic.pdf https://www.refinitiv.com/content/dam/gl/en/documents/infogr... And it's conspiracy to defraud the United States if you obstruct or defeat an agency of the US government. Also money laundering, wire fraud, stealing trade secrets, etc.

onetimemanytime 8y ago
Like I said, they do not consider it a crime. Lying to the banks was means to an end--doing business with Iran. Like if you deal drugs, you will also evade taxes.
- EpicEng 8y ago
  >Like if you deal drugs, you will also evade taxes And if they IRS finds out they are coming after you. They don't care that the money was made illegally. Besides, these sanctions we're passed by the UN, not the US, and China is a voting member.
- Pyxl101 8y ago
  > Like if you deal drugs, you will also evade taxes. Not necessarily. You could choose to pay taxes on that income to the IRS. The IRS provides a way to report illegal income and pay taxes on it. https://www.irs.gov/publications/p17 https://www.irs.gov/publications/p17 > Illegal activities. Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity. Does anyone pay taxes on income from illegal drugs? Probably not "street dealers", but I would suspect people who earn income from marijuana businesses that are legal in some states but illegal federally probably do pay tax on that income. Furthermore, IRS tax returns are confidential. The IRS is generally prohibited from tipping off police about reported illegal income, though there are various loopholes: https://money.cnn.com/2013/02/28/news/economy/illegal-income-tax/index.html https://money.cnn.com/2013/02/28/news/economy/illegal-income...
  - onetimemanytime 8y ago
    I get it, but let's see: don't declare it and you may get a pass. Declare it and you're certainly going to jail for longer than tax evasion.
    - EpicEng 8y ago
      Ask Capone how that worked for him.
      - onetimemanytime 8y ago
        Well, he got sick but for average Capone it beats doing 20 to life for other stuff. Edit: are you really suggested that people like John Gotti and El Chapo declare income from criminal activities and detail how they made that once audited? Stop engaging in criminal activities, I get as advice, but confess to the feds, I don't.
        EpicEng 8y ago
        >Edit: are you really suggested that people like John Gotti and El Chapo declare income from criminal activities and detail how they made that once audited No, I'm suggesting one of the examples used in your premise is wrong. The legality of income has nothing to do with paying your taxes from the IRS's perspective.
        onetimemanytime 8y ago
        I totally understand. BUT if I am going to kill a person, illegal possession of a weapon is the least of my worries. Drug dealers are in that line of business. If you want to stay doing that, declaring income is not smart. That was my point.
    - dragonwriter 8y ago
      > Declare it and you're certainly going to jail for longer than tax evasion. The lines you include it in are general income lines, no explanation of the income is expected or required. It's not like there is a separate line item for illegal activities. So, no, you aren't certainly going to jail if you report it.
- panarky 8y ago
  I don't think it's a crime to real-time tweet or blog about protests or police activities. But it is a crime in China, so I know I could be arrested and prosecuted if I do that there. Doesn't matter if it's just a "means to an end", Ms. Meng knew she was committing crimes in the US.

onetimemanytime 8y ago

Like I said, they do not consider it a crime. Lying to the banks was means to an end--doing business with Iran. Like if you deal drugs, you will also evade taxes.

EpicEng 8y ago
>Like if you deal drugs, you will also evade taxes And if they IRS finds out they are coming after you. They don't care that the money was made illegally. Besides, these sanctions we're passed by the UN, not the US, and China is a voting member.
Pyxl101 8y ago
> Like if you deal drugs, you will also evade taxes. Not necessarily. You could choose to pay taxes on that income to the IRS. The IRS provides a way to report illegal income and pay taxes on it. https://www.irs.gov/publications/p17 https://www.irs.gov/publications/p17 > Illegal activities. Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity. Does anyone pay taxes on income from illegal drugs? Probably not "street dealers", but I would suspect people who earn income from marijuana businesses that are legal in some states but illegal federally probably do pay tax on that income. Furthermore, IRS tax returns are confidential. The IRS is generally prohibited from tipping off police about reported illegal income, though there are various loopholes: https://money.cnn.com/2013/02/28/news/economy/illegal-income-tax/index.html https://money.cnn.com/2013/02/28/news/economy/illegal-income...
- onetimemanytime 8y ago
  I get it, but let's see: don't declare it and you may get a pass. Declare it and you're certainly going to jail for longer than tax evasion.
  - EpicEng 8y ago
    Ask Capone how that worked for him.
    - onetimemanytime 8y ago
      Well, he got sick but for average Capone it beats doing 20 to life for other stuff. Edit: are you really suggested that people like John Gotti and El Chapo declare income from criminal activities and detail how they made that once audited? Stop engaging in criminal activities, I get as advice, but confess to the feds, I don't.
      - EpicEng 8y ago
        >Edit: are you really suggested that people like John Gotti and El Chapo declare income from criminal activities and detail how they made that once audited No, I'm suggesting one of the examples used in your premise is wrong. The legality of income has nothing to do with paying your taxes from the IRS's perspective.
        onetimemanytime 8y ago
        I totally understand. BUT if I am going to kill a person, illegal possession of a weapon is the least of my worries. Drug dealers are in that line of business. If you want to stay doing that, declaring income is not smart. That was my point.
  - dragonwriter 8y ago
    > Declare it and you're certainly going to jail for longer than tax evasion. The lines you include it in are general income lines, no explanation of the income is expected or required. It's not like there is a separate line item for illegal activities. So, no, you aren't certainly going to jail if you report it.
panarky 8y ago
I don't think it's a crime to real-time tweet or blog about protests or police activities. But it is a crime in China, so I know I could be arrested and prosecuted if I do that there. Doesn't matter if it's just a "means to an end", Ms. Meng knew she was committing crimes in the US.