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

获得真相

阅读我们的创作者在1973年与雷尔(Rael)的UFO会面中给我们的信息!

其他活动

关注我们

雷尔研习会

您可能还会喜欢

77 years ago

RAEL’S COMMENT:  It …

Scientists Inserted A Human Brain Gene Into Monkeys

RAEL’S COMMENT:  Wo …

EU eases sanctions on Russian oil exports

RAEL’S COMMENT:  Th …

Pushing the limits

RAEL’S COMMENT:  Be …