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Bank Wire Payout

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Posts: 4

kj8210

Banned

Joined: Jun, 2014

Posts: 41

Posted: Sep. 30, 2014 - 2:34 PM ET #1

Hey guys. I just received a bank wire payout for about $5000 ($4950 to be exact). I recently read online that this is considered wire fraud since Im in the US and online gambling is an illegal actiity. I'm going to pay taxes on this but will I get in federal trouble? Thanks any info is appreciated

wildcat95

Veteran

Joined: May, 2012

Posts: 1542

Posted: Sep. 30, 2014 - 2:41 PM ET #2

i would recommend checks in the future

kj8210

Banned

Joined: Jun, 2014

Posts: 41

Posted: Sep. 30, 2014 - 2:51 PM ET #3

Quote Originally Posted by wildcat95:

i would recommend checks in the future

But wont the checks have to be deposited which would involve going through a banking institution anyway?

tonesparkz

Prospect

Joined: Nov, 2010

Posts: 446

Posted: Sep. 30, 2014 - 3:18 PM ET #4

yes but when they send u the check it will be thru their outsourced accounting stationed in US usually from most sites and never get a check for over 5k either they will put hold on and report if under 5k they dont report..

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Bank Wire Payout

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