- November 21, 2023
- Posted by: legaleseblogger
- Category: Related News
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SHADY MIL
Concerns About Financial Transactions
My mother-in-law has been Venmoing large amounts of money to my husband multiple times per week for years. Instead of withdrawing the money herself, she has my husband meet her at an ATM, withdraw the funds, and then give it back to her. The amounts are significant, reaching as high as $1000 each time. This behavior is suspicious and raises questions about her financial motivations and potential illegal activity.
How Can AI Legalese Decoder Help?
AI Legalese Decoder can help in this situation by analyzing the legal implications of your mother-in-law’s financial transactions. The AI can identify any potential signs of fraud or illegal conduct based on the paper trail and transaction history. It can also provide insights into the tax implications of these activities and help uncover any potential motives behind her actions.
Understanding the Risks
Given your mother-in-law’s history of fraud charges and felony charges related to bad checks, there is a valid concern about the impact of her behavior on your husband. It’s essential to protect him from any potential legal repercussions or financial entanglements resulting from her actions.
Dealing with Toxic Relationships
In addition to the financial concerns, you are also dealing with a toxic and manipulative relationship with your mother-in-law. AI Legalese Decoder can help you navigate this delicate situation by providing legal guidance on how to address the financial aspects without escalating the toxic dynamics. It can offer advice on how to protect your husband’s financial interests while maintaining boundaries in the relationship.
Seeking Clarity and Resolution
It’s crucial to address these financial concerns and protect your husband from any potential fallout in the future. By leveraging the insights and analysis provided by AI Legalese Decoder, you can gain a clearer understanding of the legal implications and potential risks associated with your mother-in-law’s behavior. This knowledge can empower you to take proactive steps to safeguard your husband’s financial well-being and address any legal complexities that may arise from the situation.
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Original Content:
AI Legalese Decoder is a software program designed to interpret and translate complex legal language into plain, understandable English. This tool can be extremely helpful for individuals who are not well-versed in legal terminology and struggle to understand contracts, legal documents, or court filings. With AI Legalese Decoder, users can simply input the legal text they need translated, and the program will quickly analyze and decipher the content, providing a clear and concise translation that is easy to comprehend. This can save individuals time and frustration and ensure that they fully understand the legal documents they are dealing with.
Revised Content:
AI Legalese Decoder is an innovative and powerful software program that has been specifically developed to interpret and translate intricate legal language into plain, easily understandable English. This revolutionary tool is designed to assist individuals who may not have a strong grasp of legal terminology and often find themselves struggling to comprehend complex contracts, legal documents, or court filings. By utilizing the advanced capabilities of AI Legalese Decoder, users can conveniently input the legal text they need translated, and the program will rapidly analyze and decipher the content, delivering a clear and concise translation that is readily comprehensible. This invaluable tool has the potential to save individuals significant time and frustration, as well as ensuring that they have a comprehensive understanding of the legal documents they are dealing with. AI Legalese Decoder can truly be a game-changer for anyone who finds themselves grappling with convoluted legal jargon. It provides a simple and efficient solution for translating legal language into plain English, ultimately empowering individuals to confidently navigate the complex world of legal documents. With its user-friendly interface and quick, accurate translations, AI Legalese Decoder is a must-have tool for anyone seeking to decode the complexities of legal language in a manner that is both comprehensive and easily accessible.
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****** just grabbed a
The trust fund do you have details? I wonder if she is the trustee? Is your husband a beneficiary? I do wonder if she is sending your husband disbursements from the trust that are rightfully his; that way she can show she made disbursements. But then is demanding them back without your husband realising its not actually her money.
Not your lawyer, but I handle a lot of fraud. What we have here is most likely a very amateur tax evasion scheme or even more amateur money laundering operation. The MIL has a business that takes money thru Venmo. She needs to pay taxes on that. Instead, she sends the son money, writes it off as a gift, a loss, or an expenditure, then takes the cash back, undeposited, and therefore unreported. She can deposit small amounts to get around mandatory reporting, but most banks track everything these days. Eventually this will catch up to her.
If someone asks you to exchange the form of their currency (check to cash, Venmo to cash, whatever) itÔÇÖs a scam and youÔÇÖre the mark. Never exchange currency with anyone.
This sounds suspiciously like your MIL is using your husband as a money mule. You get some stolen credit cards or the like and start sending and withdrawing money under another persons account so the police go after them instead of you.
Your husband needs to stop accepting, withdrawing and transferring money for her immediately.
If this is the US tell your husband heÔÇÖs going to get a letter from the IRS saying that he has to pay taxes on that money. Starting in 2023.
i dont think she has a trust fund. this sounds like money laundering. It is no wonder she despises you, as you can see through her. Talk to your husband about the possible implications. And if necessary, take precautions to monetarily distance yourself from the family, so you are protected, should the worst outcome happen.
I used to work at the security department for a bank. This is textbook money laundering. His bank is almost certainly already filing Suspicious Activity Reports with the Treasury Department over this. Honestly, IÔÇÖm shocked theyÔÇÖve let it go on for years. At my bank, you could only get three SARs before we would have a branch manager ask what the hell you were doing. If we didnÔÇÖt get a good answer, we would forcibly close all the accounts. You should also know that if theyÔÇÖre doing this enough that itÔÇÖs deliberating circumventing the $10,000 limit for reporting large cash transactions to the fed, then thatÔÇÖs a very serious crime in its own right, whether the money is otherwise legitimate or not.
Sounds like she’s back to old ways unfortunately…
There are several things she could be doing but I can almost guarantee they all lead back to fraud…
Some examples could be:
-using trust money as “payments” to husbands account to withdraw cash because she would not be able to just withdraw directly from trust
-depositing fake deposits into her account, transferring to husbands on “deposit credit” on her acct and withdrawing the cash before it’s rejected from bank
-using fake identities to open accounts, using fake deposits or again, some sort of overdraft credit line, transferring to hubby and withdrawing cash before bank clears/rejects
-using husband as a “contractor” or “service” to pay from trust if trust does not allow straight cash withdrawals.
Any way you want to slice it your MIL is doing something VERY shady and either your husband is her PIC or being a faithful, although stupid son.
My advice is to literally separate yourself and finances from hubby, THEN have a serious discussion about what has transpired, and leave.
Unless you plan on soiling your name and reputation for something you have no part of I suggest you start planning an exit immediately.
It may not even hurt to seek legal counsel of some sort to make sure you’re completely protected. If something does happen legally, and they find out you knew but did nothing to stop or report, you could be pulled into a mess you had zero interest in helping clean up.
Best of luck OP ԣÅ
I’m a fraud investigator and we would terminate the relationship with your husband should we catch it. This sounds like fraud or AML activity.
Your husbands account will eventually (maybe soon) be flagged for possible fraud or money laundering by his financial institution. This happens on a daily basis all almost all banks/credit unions. ItÔÇÖs not a matter of if, but when. Receiving transfer and immediately withdrawing them is a big red flag for them.
Your husband needs to send every penny right back to her and refuse to take it out in cash for her. This is a common scam, they use stolen cards to vemmo money and then use the cash your husband will go down with her if he gets caught helping her.
First things first: this is not how banking is done, and you know that, so you should let go of any benefit of the doubt here. Second: There is no trust fund. Or it is gone. But most likely there never has been a trust fund. ItÔÇÖs a cover to explain how she has money. But she doesnÔÇÖt have money. She is creating debt and has someone elseÔÇÖs credit card. Or someone elseÔÇÖs banking information. Your husband is involved in her fraud. There is no scenario that makes this okay. I donÔÇÖt want to condemn your husband along with her, but he either is willingly helping her while knowing exactly whatÔÇÖs going on, or heÔÇÖs willing to turn a blind eye to the obvious crime and not ask questions, or heÔÇÖs not very intelligent. All three are bad. Talk to a lawyer. You and your husband need protection.
She may just have debt trouble. I have known people to use their credit cards to send Venmo transactions and ask the recipient to withdrawal it for them as a way to borrow money from their credit cards without having to label it as a ÔÇÿcash advanceÔÇÖ – just a theory. ƒñÀÔÇìÔÖÇ´©Å
This tax year, those Venmo users will need to pay closer attention to their use of the app. ThatÔÇÖs because in 2023 these platforms, including PayPal and Cash, will need to send a Form 1099-K to anybody who received $600 or more in payments related to goods or services during 2023.
Fraud is correct and she’s setting her son up to be the fall guy because it’s his photo being taken by the ATM machine. He’s in legal peril.
It’s not gonna bite him down the line, it’s gonna bite him in the 2023 taxes.
Your husband is probably going to owe a lot of tax on that, anyone getting more than $600 via Venmo for [goods and services](https://help.venmo.com/hc/en-us/articles/4407389460499-2023-Tax-FAQ#:~:text=If%20you%20collect%20%24600%20or,the%20IRS%20for%20backup%20withholding) (and based on the transactions it’ll definitely look like wages and/or payment) will have to pay taxes on it.
He needs to stop.
You can use your credit card to Venmo people. So sheÔÇÖs probably using her credit card then getting the cash from him.
Prefacing with standard: I am not a lawyer nor do I represent you, etc.
Forensic accountant here. IÔÇÖve seen this kind of behavior in fraud schemes. Does she own a business? These could be fraudulent expenses or payroll to lower her tax liability, which is not good. Time to have a serious conversation with your husband as he may already be an accessory to fraud. Again, not a lawyer, just a professional number tracker.
It’s either money laundering….or…he’s getting his trust money, giving it back to his mom so it’s in her name in the event you divorce so you can’t take it.
Could be sheÔÇÖs using a credit card to get a cash advance at a much lower rate than withdrawing directly from the card. 3.5% on Venmo as opposed to 34% on the card.
Is she married? It could be something really shady, or it could just be her needing an excuse for her spouse, ie ÔÇ£son needs moneyÔÇØ so the spouse isnÔÇÖt aware of her spending habits.
Money laundering is my guess.
My DIL does this with her mom. Mom is a drug addict trying to stay clean. She doesn’t want any money in her account that she can buy drugs with. Takes money from DIL to pay bills or go grocery shopping
Taxes are gonna fuck yall
my question is why isn’t your husband asking the same questions as you????
There will be an investigation, eventually, for possible structuring and suspicious activity. I’d be surprised if there aren’t already several SARs because of this sitting somewhere, waiting for them to reach an amount someone cares enough about.
You donÔÇÖt mention if she has a husband. Some women married to rich men are on an allowance, do things like this to get cash. Resell shoes, dresses, purses more common though.
Why is your husband going along with this and what is he reason that itÔÇÖs happening?
Your husband needs to be explaining because if he gets into trouble you will be responsible as well..
DevilÔÇÖs advocate: she canÔÇÖt get a bank account and doesnÔÇÖt want to pay an atm fee for the money. Could be payroll, etc. she sends it to her son to withdraw so she can spend it as cash.
Previous convictions for fraud and bad checks? Good lord why you even asking here lol. Obviously this has low-effort/low IQ scheme written all over it. Better question is why is your husband so enmeshed with his mother that he isnÔÇÖt immediately seeing this?
Ive had this kind of situation happen to me and a lot of people I know.the person with my situation worked for a company and had a company credit card. They would send us money through Venmo then request it back saying it was a mistake. This carried on for years and we couldnt figure out what shady business was going on.
They would send it through the company card then when we sent it back it would go to their personal card.
Definitely some shady stuff going on with your MIL
I’m not a criminal and I’m only making a wild guess but it sounds like money laundering. I suspect your husband has been sucked into her criminal enterprise.
She may be gambling and hitting her ATM withdrawal limit and Venmoing her son the money to then take out of the ATM. This happens all the time in the poker world. It may be nothing shady at all, but who knows with her past. I donÔÇÖt think your husband can get in any trouble as long as hes not keeping the cash and not reporting it.
Lets first assume she’s not doing anything illegal.
Best I can come up with is she’s married, and her husband is willing to allow her to send money to her poor baby who needs it, but not willing to let her waste their money on other crap. So she goes through this routine and spends the cash instead.
Even so, all these transactions are going to eventually cause some headaches for you and your husband. Someone is eventually going to get suspicious and it’s going to be annoying dealing with it. At the very least, you might suddenly find yourself needing a new bank.
And that’s assuming it’s all legal.
If it’s not, and it’s probably not… you definitely don’t want to have anything to do with it.
So, legal or otherwise, it’s a bad deal for you and your husband, and it needs to stop. At some point, he’s going to have to tell her no. That might not go well… for any of you. Good luck.
Sounds like scam Mam’ is a grifting
If I had to guess, I would say she’s using credit cards (hers or someone else’s) to make the venmo transactions. Paying the 3% fee and getting him to pull the cash out of the ATM. Definitely shady.