Video Poker Forum

Hello all,
I haven’t posted much over the years but read occasionally.

My wife was just fired from being an Admin Assistant at a large bank, however, she did not work in a branch and she did not have access to money accounts or files. Human Resources and a bank fraud investigator fired her and questioned cash in/cash out transactions from OUR PERSONAL CHECKING ACCOUNT over several years. These cash transactions were primarily from me withdrawing cash and going to local casinos and then depositing jackpots (never been more than $10,000 at one time) or depositing what I decided not to spend that particular trip. They did not believe what my wife told them, even as she told them I had all my 1099’s and tax returns

We have spoken to several attorneys and no one is willing to help as my state is an “at will” work state.

1. Has anybody ever heard of this? Has anybody been through this? Any advice is much appreciated. We are confused and rather upset that a bank would question my legal hobby of withdrawing my own hard earned money to play video poker.

Wow. Good luck to you.

dzeppfan77 wrote: ↑

Wed Jun 08, 2022 2:10 pm

We are confused and rather upset that a bank would question my legal hobby of withdrawing my own hard earned money to play video poker.

It's disgusting. My guess is the regulators make up the rules as they go along, leaving the banks in constant fear of punishment. I've received a couple of phone calls questioning the source of my cash deposits, and the bankers were ridiculously obnoxious.

I maintain several local bank accounts and spread around my cash activity to stay under the radar.

You may want to consider posting at 2+2 poker forum. Many poker players have experience with bank hostility.

Wow! I never heard of such a thing. Best of luck to you both.

Cash transactions are on the radar screen everywhere due to anti-terrorist efforts. This issue can be quickly eliminated by taking a check for any jackpots over $1,000. If you want to keep playing, take part of the jackpot in cash and part with a check.

In the event you have multiple non-jackpot winnings that equal a lot of cash, just take your tito to the main cashier's window and get a check.

The #1 red flag is to make cash deposits within a few days of each other that total $10,000 or more. If the feds even suspect (no proof necessary) that you are hiding or arranging your over $10K cash deposits, you are in for a world of hurt.

All of this can be eliminated by insisting on checks. Most U.S. casinos are glad to pay by check and those few that balk can be reported to your state gaming commission. Sometimes certain casinos try tricks to force cash payments because they know that once you get a check that money is not going to immediately churn. One trick is to tell you that no one who writes checks is on duty but they will be glad to write one later. Which is BS. I have received large casino checks 24 hours a day, 7 days a week.

Insist on a check for payments over $1,000 and eliminate worries about cash management investigations.

As far as the employment situation, contact the EEOC, not an attorney, if you are in a right-to-work state. Take extensive documentation with you, to definitely include a record of satisfactory job performance.

RogerC wrote: ↑

Thu Jun 09, 2022 7:33 am

Cash transactions are on the radar screen everywhere due to anti-terrorist efforts. This issue can be quickly eliminated by taking a check for any jackpots over $1,000. If you want to keep playing, take part of the jackpot in cash and part with a check.

In the event you have multiple non-jackpot winnings that equal a lot of cash, just take your tito to the main cashier's window and get a check.

Good post!

You make a very persuasive argument.

Cash transactions even under 10,000 can be tricky and cause headaches even when one is doing nothing wrong. I think the banks/Irs call it structuring if I remember, several deposits made in a given day add to 10,000 or more can trigger for instance at a bank a reporting document. I think banks can even report on smaller transactions if they suspect something fishy.

The bank does not want to report customers for structuring. But there are specific federal guidelines that must be followed. There is no benefit to the bank for reporting, but there are severe consequences if the bank does not report and it develops that the customer is laundering money. Multiple cash deposits that add up to 10K or more in a short period of time will definitely raise a red flag. In some cases, such as a used car dealer, the transactions are easily understood. By using a casino check instead of cash, the deposit explains itself and no action is needed. In my opinion, checks are more convenient than cash anyway, so what's the issue with not getting a check in the first place?

Mattress...

Tedlark wrote: ↑

Thu Jun 09, 2022 11:52 am

Mattress...

Doesn't work for me, I have so much it makes the mattress lumpy.