@mikerafi: Don't Do This. #lawyer #law #court #attorney #personalinjurylawyer

Not Too Clever :

You didn't say it was illegal.

alexis :

I love how you had to really think about this lol so this seems plausible

Emberon :

where was the answer lawboy?

ff631919f9h :

better idea open a joint bank account, both of you get debit cards and you just never use yours

koske :

The president uses this method to solicit bribes.

Eagles and Beagles :

The people yearn to recreate fraud

Billy_the_GrizzlyBear :

Wait…settlement/compensation isn’t counted as taxable income?

pavlovtherussian :

I mean that's what Trump has done with the media companies (ABC, CBS, etc) where they got sued for insane amounts over things they would have easily won but instead they paid out

Trav :

This explains all the lawsuits settled between media corporations and trump…

bitteroldqueen :

I'm going to go ahead and assume that this would fall under conspiracy to commit tax fraud.

Aaron Scott :

But it made you hesitate. And like one of my favorite movie quotes of all time would say, it’s not what you know it’s what you can prove in court. If I can make you hesitate, I can convince a jury.

Serarmar :

lend them the money with no interest never called back the loan, technically the money is still yours so no taxes

duncs :

fraud maybe?

Matoshi :

Is this the similar things as “it’s not a war crime the first time.” Thing? Where it’s not illegal till it becomes illegal

Fake Floozy :

Go take down their fence property damage it's documented you settle out of court and the government can't say it's money laundering because the damages were measurable and documented

Purplehairdon’tcare :

B-Man :

If that's the case, you could argue that any out of court settlement is money laundering.

breanee8 :

Hmmm…. Thanks for the Info

Rez Paranormal🇨🇦🇨🇦🇨🇦🇨🇦 :

That’s how you feel but we need to the real answer ha

Shelby Redmon :

But if there’s not a clear law…. Against this… then might as well. You’d need to do everything write and document but really if it’s within the tax laws and stuff. It’s legal.

foolsama :

It seems to me that's more like the creative accounting tax evasion that goes on in elite circles than money laundering. Money laundering is dealing with money received for criminal activity. *if* this was illegal it would probably just be tax evasion or fraud - and you'd have to prove it. If part of the "settlement" was an NDA? hmm.

ns330ns :

if you filed a suit, conduct disclosure, maybe depositions you might just might get away with it.

Danny Hamilton145 :

There are no federal income taxes due on gifts received. There is a lifetime exemption on $15 million worth of gifts given before the gift giver owes any federal gift tax. So, as long as you're giving less than $15 million, there's no need to go to all this hassle.

❌️ Woman of Steel ❌️ :

It is technically money laundering, and if you get caught doing it, you can be charged under RICO statutes.