Earlier quoted context omitted.
I guess this case is especially interesting and novel because of how the government has deputized banks as ersatz law enforcement, and banks have delegated decision making to SPLC as ersatz compliance officers. I’m not sure what the law could and should be in this case, but I suspect it’s woefully underspeced to the chagrin of most parties. Hence, bank/wire fraud.
People in this thread keep saying reasonable things and then stepping on a rake in their last sentence. No, not "hence bank fraud". The bank fraud charges have nothing to do with what's happening here in this thread. SPLC is alleged to have created pass-through bank accounts under fictitious business identities. Everybody agrees that the thing SPLC was trying to do with those accounts was reasonable (or at least, wel…
I was personally feeling like the law is too broad and being weaponized against them until the bits about SPLC and allies trying to cut banking access to a Political Action Committee were dropped (it shouldn't matter whose). That's quite beyond the pale for any pro-democratic institution.