Discussion about this post

User's avatar
AnnR's avatar

It's worse than you even state - the U.S. government OFTEN administratively seizes bank accounts of individuals and businesses who the feds deem to be "structuring" (depositing or withdrawing cash in amounts slightly less than $10,000 - $10,000 being the threshold requiring a bank to file a Currency Transaction Report on the bank customer to the Internal Revenue Service. So, no crime has been committed, someone may not even know about the $10,000 currency transaction threshold, or even if they do, so frigging what? If someone wants to deposit $9,999 every day to avoid the filing of a CTR, so what? But it gets worse - how does the IRS/feds find out about the "suspicious activity" of those under $10k currency transactions? Because banks are REQUIRED to file Suspicious Activity Reports to FinCen (Department of the Treasury Financial Crimes Enforcement Network) for any financial transactions the BANK CLERK deems to be suspicious. Now, I have nothing against bank clerks, but who the hell are they to be the arbiters of "suspicious" activity? And since when is the arbitrary determination by a non-law enforcement person of "suspicious" activity evidence of a crime? Remembers, cash is king, but only if you avoid financial institutions.

Expand full comment
LawyerLisa's avatar

They got this from Trudolt. the Turd. My video on the McCarthism taking over..: https://www.youtube.com/watch?v=0yWo3WL3GBk this video on Seizing accounts!!! https://youtu.be/WJrFEXsgXR0

Expand full comment
4 more comments...