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The company is wallowing in cash, reporting today that it had $25.56 billion in cash and marketable securities.
To top it all off, Yahoo! is still cranking out cash, reporting net income of $54 million on revenues of $1.79 billion for the quarter ending in September.
In July, Federal authorities seized bank accounts belonging to Messrs. Ak, Akkaya and Catalbas, and a Mercedes belonging to Mr. Akkaya, and continue to assert in a civil proceeding that these assets are forfeit because the men violated the cash reporting regulations.
But the mistakes cannot serve as the focal point for undermining cash reporting requirements that have proved to be of tremendous value to our financial system.
The cash reporting requirement, which Daniel J. Mitchell denigrates in "The $7 Billion Laundry Bill" (On My Mind, Apr. 17), has become hugely valuable to law enforcement in combating illicit finance.
Ironically, one of the most consequential laws Hastert helped shepherd though his chamber later proved to be his undoing: He helped pass the controversial 2001 USA Patriot Act, which increased the scope of cash reporting laws "to help trace funds used for terrorism".
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He sold that, in 2010, for a combination of stock and cash reported to be in the low seven figures.
An award-winning US writer is planning a Hollywood thriller spun off the true and bizarre story of Ghana's World Cup cash, reports The Wrap.
Two weeks ago Observer Cash reported how British Gas attempted to steer octogenarian Gabriel Aitman into unknowingly buying a more expensive gas appliance servicing policy than the one he had previously bought.
I'd move but I can't afford to (Also, the landlord insists we pay our rent in cash)," reported another.
Then, last month, Spurs sold the school building for £11m, with the cash reported to have been a possible boost its player transfer fund.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com