A $100 million wire transfer. Is this literally how people invest in start-ups, just wiring huge sums of money to someone they do not know , on a promise/hope. that just seems so reckless on so many levels
This is not some random Western Union fly-by-night process. These are serious bank-to-bank transfers with plenty of documentation about who's who on both ends. That documentation is required not only by bank policy but by law (e.g. IRS and anti-terrorism laws). The fact that the wire transfers are highlighted so much in the charges is that they are interstate transactions, which makes them federal crimes rather than…
This is the reason why you can catch a federal charge for growing your own pot or making your own machine gun, despite it never leaving your property nor any desire or act to enter commerce/trade. Even merely _where_ you store your goods for personal non-commercial use in your own state is considered interstate commerce, a la Gun-Free School Zone Act.