IRS seizes hundreds of perfectly legal bank accounts, refuses to give money back

RAEL’S COMMENT: 
The land of the free ?

The Internal Revenue Service has been seizing bank accounts belonging to small businesses and individuals who regularly made deposits of less than $10,000, but broke no laws. And the government is refusing to return all the money taken.

The practice ‒ called civil asset forfeiture ‒ allows IRS agents to seize property they suspect of being tied to a crime, even if no charges are filed, and their agency is allowed to keep a share of whatever is forfeited, the New York Times reported. It’s designed to catch drug traffickers, racketeers and terrorists by tracking cash deposits under $10,000, which is the threshold for when banks are federally required to report activity to the IRS under the Bank Secrecy Act.

It is not illegal to deposit less than $10,000 in cash, unless it is specifically done to avoid triggering the federal reporting requirement, known as structuring. Thus, banks are required to report any suspicious transactions to authorities, including patterns of deposits below that threshold.

Read more

Source

Get the truth

Read the messages given to us by our creators during Rael’s UFO encounter in 1973! 

Other events

Follow Us

Rael Academy

you might also like

West’s selective treatment of Ukrainian refugees

RAEL’S COMMENT:  The only word which describes that is RACISM

Tennis icon claims booing ‘fuels’ Djokovic

RAEL’S COMMENT:  I would be same as him!

The brain may be able to repair itself

RAEL’S COMMENT:  So much time lost in regulation, authorization…. while a poison vaccine killing thousands of people is immediately authorized…

Ex-Louvre director faces criminal charges

RAEL’S COMMENT:  Europe always ready to pillage Africa…