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The War On Cash Destroys A Small Entrepreneur

Tyler Durden's picture




 

Submitted by Joseph Salerno via Mises Canada,

Lyndon McClellan is a small entrepreneur who owns and operates L & M Convenience Mart in Fairmont, North Carolina.

L & M comprises a gas station, convenience store, and a small restaurant serving hot dogs, hamburgers, and catfish sandwiches.  One day last July, more than a dozen federal, state and local law enforcement agents swarmed Mr. McClellan’s business, including agents from the FBI and the North Carolina Alcohol and Law Enforcement agency—and they were “asking” for him.  When Mr. McClellan arrived, he was escorted by two federal agents into his stock room for a private chat.  The agents showed him paperwork indicating that he had made two cash deposits totaling $11,400 within a 24-hour period in his bank account at the Lumbee Guarantee Bank.  They informed him that the papers also indicated that he had a history of “consistent cash deposits” of less than  $10,000, which was a violation of the the Federal law against “structuring.”  They also informed him that the IRS had seized all of the $107,702.66 in L & M’s bank account.

What Mr McClellan did not know was that it was against the law to make cash deposits of lessthan $10,000.  Banks are legally obligated to report any deposit of more than $10,000 to the U.S. Treasury Department.  But if an individual makes several cash deposits of less than $10,000 over an unspecified period of time that total more than $10,000, then he is presumed to be a money launderer or drug trafficker who is committing the dastardly crime of structuring, that is, seeking to circumvent the bank’s reporting requirement and maintaining the privacy of his financial affairs Thus banks are also required to file “suspicious activity reports” on cash deposits of less than $10,000.   Based on these reports, if one is merely suspected–not convicted–of structuring, his bank account is seized by the IRS under “civil asset forfeiture” laws, which permits seizures of money or other property suspected of being related to a crime.

Government agencies have a financial incentive to invoke civil asset forfeiture laws because the law permits the seizing agency to keep the assets and use them to expand  their activities without an appropriation from Congress.  In its insatiable hunger for funds, the IRS even  “deputizes”  state and local law enforcement agencies to go through “suspicious activities reports” in exchange for a cut of the loot subsequently seized by the IRS.  This is probably how a small entrepreneur like Mr. McClellan living peacefully in a sleepy hamlet was targeted for destruction in the War on Cash.

Months after the seizure of his bank account, the federal government offered Mr. McClellan 50 percent of his money back if he agreed to a settlement.  He heroically refused and intends to pursue the matter in court.  Unfortunately, under the oppressive and despotic “civil asset forfeiture” laws, he bears the burden of proving his innocence.  But as he puts it:

It’s not fair to the American people who work for a living that one day they can knock on the door, walk in their businesses, and say, ‘We just took your money’ … I always thought your money was safe in the bank, but I wouldn’t say that now.

Neither would I!

 

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Sat, 05/16/2015 - 17:36 | 6101294 css1971
css1971's picture

Interesting, guilty until proven innocent. That's really convenient. That presumption of innocence thing was a major drag on the plans of the 0.01%.

Sat, 05/16/2015 - 17:36 | 6101297 A Lunatic
A Lunatic's picture

For every one who speaks out there are ten thousand that slip under the radar. Of course getting rid of cash would keep these little 'misunderstanding' from happening, which is probably the message we are supposed to take away from this incident, rather than the Government is a bunch of psychotic, confiscatory, and treasonous  mother fuckers....

Sat, 05/16/2015 - 17:44 | 6101318 yogibear
yogibear's picture

They eliminate the cash and their goes the armored car businesses, cash machines/ATMs, coin machines business, money counters. 

More businesses destroyed.

Sat, 05/16/2015 - 17:52 | 6101337 Uber Vandal
Uber Vandal's picture

And then, who will need banks at all.

We will let them figure that one out.

Sat, 05/16/2015 - 17:53 | 6101338 A Lunatic
A Lunatic's picture

Most of which is a built in cost of doing business for the banks, as is the reporting requirement. There really are very few downsides to eliminating cash for the banksterz........

Sat, 05/16/2015 - 18:00 | 6101361 Quus Ant
Quus Ant's picture

so what do they use to buy off warlords and scumy politicians in the third world?  Sudan can't go cashless.  Indonesia can't go cashless. 

So is the honor of cashlessness reserved for the homeland? 

Sat, 05/16/2015 - 18:04 | 6101376 A Lunatic
A Lunatic's picture

Bitcoin and the Darknet I guess........

Sat, 05/16/2015 - 17:51 | 6101335 PogMoThoin13
PogMoThoin13's picture

I read a followup news report recently via Twitter  that said all $107K is going to be returned to this store owner.

Sat, 05/16/2015 - 17:54 | 6101342 silverer
silverer's picture

They damned well better, plus interest.

Sat, 05/16/2015 - 17:56 | 6101347 cherry picker
cherry picker's picture

He should still go after them, bring them down.  This is bullshit.

Sat, 05/16/2015 - 17:58 | 6101358 kowalli
kowalli's picture

and what? you have money in the banks ->they seized it -> you don't have money for layer or anything, how you can get it back?

Sat, 05/16/2015 - 21:20 | 6101846 tmosley
tmosley's picture

It's not enough.  Only when those responsible for this crime against humanity, from the tippy top to the very bottom, are hung from the neck until dead, will that be enough.  That means everyone from the bank teller who cowardly snitched to their superiors to the President of the United States.

After a legal trial, of course.

https://youtu.be/i-dJPoSlPfU

No-one is above the law, and no-one makes the law.  The law exists as a consequence of human nature.  Those who systematically (ie by subverting the system of justice) violate it cause mass death and suffering.  There is and can be only one punishment for that.

Sat, 05/16/2015 - 17:55 | 6101344 kowalli
kowalli's picture

get out money of the banks. I didt tell "get out your money" because it's not your, deposits belong to banks...

Sat, 05/16/2015 - 17:57 | 6101348 QQQBall
QQQBall's picture

The gov't will settle for 50%. Its like the mafia. They give you 50% of YOUR money back soe you can still in biz and pay the vig. How many ,imi-marts, gas stations and fastfood resturants make numerous cash deposits on a regular basis?

Sat, 05/16/2015 - 17:57 | 6101354 billpayer
billpayer's picture

Fucking hell

Absolutely sickening

The state's the enemy, and your worst nightmare.

Legalized theft, what's next?

Sat, 05/16/2015 - 18:41 | 6101472 TeethVillage88s
TeethVillage88s's picture

Is this story out of date?

http://www.cato.org/blog/irs-folds-returns-100-lyndon-mclellans-money

May 14, 2015 5:19PM
The IRS Folds, Returns 100% of Lyndon McLellan’s Money
By Adam Bates
Share

Defying a demand from the federal government to stop publicizing his case, today Lyndon McLellan was told the IRS is abandoning its efforts to keep more than $107,000 it took from his bank account without ever charging him with a crime.

The case received national attention and outrage, including from a member of Congress, which led to this threatening message from an Assistant U.S. Attorney to McLellan’s lawyers:

Whoever made [the case file] public may serve their own interest but will not help this particular case. Your client needs to resolve this or litigate it. But publicity about it doesn’t help. It just ratchets up feelings in the agency. My offer is to return 50% of the money.

So much for that; Mr. McLellan will be receiving 100% of his money back.

That said, the government is still attempting to keep the interest earned by Mr. McLellan’s seized funds and refuses to reimburse Mr. McLellan for the costs of getting his money returned. The Institute for Justice insists the case isn’t over until that is remedied as well:

Yesterday, just two weeks after the Institute for Justice took on the case and brought it to the attention of the nation, the IRS and Department of Justice moved to voluntarily dismiss the case and give Lyndon back 100% of his hard-earned money.

“I’m relieved to be getting my money back,” said Lyndon McLellan. “What’s wrong is wrong, and what the government did here is wrong. I just hope that by standing up for what’s right, it means this won’t happen to other people.”

Even after he recovers his bank account, Lyndon is still out tens of thousands of dollars, thanks to the government’s actions. Lyndon paid a $3,000 retainer to a private attorney before IJ took the case on pro bono, and he also paid approximately $19,000 for an accountant to audit his business and to provide other services to help convince the government he did nothing wrong. The government is refusing to pay those expenses. And the government also is refusing to pay interest on the money.

“The government cannot turn Lyndon’s life upside down and then walk away as if nothing happened,” said Robert Everett Johnson, an attorney at the Institute for Justice who represents Lyndon. “Lyndon should not have to pay for the government’s lapse in judgment. And the government certainly should not profit from its misbehavior by keeping the interest that it earned while holding Lyndon’s money. We’ll continue to litigate this case until the government makes Lyndon whole.”

Score another one for the good guys in the fight for a restoration of property rights and respect for due process, and kudos to Lyndon McLellan for not being cowed by the federal government’s threatening offer. Public scrutiny of this abusive practice and the willingness of victims to fight for their property are both essential elements of vital reform efforts.

---

Come on Mises!!

Sat, 05/16/2015 - 19:11 | 6101547 kchrisc
kchrisc's picture

They can't return the treason they committed against those American citizens.

Liberty is a demand. Tyranny is submission.

 

Only one way off the treason list.

Sun, 05/17/2015 - 12:19 | 6103016 Boxed Merlot
Boxed Merlot's picture

Score another one for the good guys in the fight for a restoration of property rights...

 

And what about all the wealth the gov't used in paying their lackeys to pursue this?  To think these law enforcement agents will collect pension benifits based on salaries they collected during this episode is brutal.  There needs to be personal accountability, and it should be equally applied to whatever congress person got involved too, 50%?, how magnanimous you worm. 

C'mon Federal Judiciary, here's your chance to do something right for a change. 

jmo.

Sat, 05/16/2015 - 17:58 | 6101356 cherry picker
cherry picker's picture

.gov has no integrity or honor.  Don't deal with them.  Look at congress, potus and supreme court.  The states don't need a central government.

Time to strip the fed of their powers.

Sat, 05/16/2015 - 22:48 | 6101995 2handband
2handband's picture

You're a fool if you think state governments, if granted sovereignity, would be even the least little bit better.

Sat, 05/16/2015 - 18:03 | 6101370 Marco
Marco's picture

This has nothing to do with some grand conspiracy ... it's just the the IRS, the FBI and the police being thieves.

Sat, 05/16/2015 - 18:12 | 6101396 Quus Ant
Quus Ant's picture

It might have something to do with the exponential growth of middlemen (gov jobs) to fill the gap made by the hollowing out of America's industrial base.  More workers filling more gov alphabet agencies equals more intrusion and less accountability. 

 

Sat, 05/16/2015 - 18:36 | 6101460 TeethVillage88s
TeethVillage88s's picture

- There is no Honest Broker in FBI, SEC, FINRA, FTC, or GAO

Sat, 05/16/2015 - 18:09 | 6101389 q99x2
q99x2's picture

Dude kept his money in a bank; now that is funny.

Sat, 05/16/2015 - 18:35 | 6101459 TeethVillage88s
TeethVillage88s's picture

no word on if Lyndon McClellan is looking into medical tourism and retirement overseas...

Sat, 05/16/2015 - 18:12 | 6101397 orangegeek
orangegeek's picture

Communist pig in the white house.

 

Shit rolls down hill.

 

This is only the beginning.

Sat, 05/16/2015 - 22:51 | 6101998 2handband
2handband's picture

If you still think the stuffed shirt in the white house has any say in anything whatsoever you are an imbecile. Wake up; quit wasting your hatred on the figureheads! This is part of the reason we're fucked.

Sat, 05/16/2015 - 18:17 | 6101415 bluskyes
bluskyes's picture

Time to have a private meeting with some members of the local Chamber of Comerce. Set up in the "back room" and then make a couple more 9k deposits. Like the patriot that flew his cessna into the IRS building.

Sat, 05/16/2015 - 18:22 | 6101428 Flying Wombat
Flying Wombat's picture

Federal Government to Return $107,702 Seized From North Carolina Convenience Store Owner

TND Guest Contributor: Melissa Quinn

After months of sleepless nights since having more than $107,700 seized by the Internal Revenue Service, L&M Convenience Mart owner Lyndon McLellan learned yesterday the government decided to dismiss the case that lost him his money.

Full story, click here: http://thenewsdoctors.com/?p=465818

Sat, 05/16/2015 - 20:32 | 6101741 robobbob
robobbob's picture

nothing for legal fees

nothing for lost interest

no apology

sure, they're generously giving him back his illegally stolen money

and guys still out $22K in costs

Sat, 05/16/2015 - 23:57 | 6102088 spooz
spooz's picture

The Institute for Justice took the case pro bono, which is how it became news.  \ They are now working on getting the interest and other expenses back.

Sun, 05/17/2015 - 12:09 | 6102982 Boxed Merlot
Boxed Merlot's picture

The Institute for Justice took the case...

 

Why not make the story into a music video?  It should go viral.

jathought

Sat, 05/16/2015 - 18:26 | 6101437 DutchBoy2015
DutchBoy2015's picture

 

“You Make It, We’ll Take It”: DEA Took a Young Man’s Life Savings Without Ever Charging Him with a Crime

May 12th, 2015 

 

Via: Washington Post:

Joseph Rivers was hoping to hit it big. According to the Albuquerque Journal, the aspiring businessman from just outside of Detroit had pulled together $16,000 in seed money to fulfill a lifetime dream of starting a music video company. Last month, Rivers took the first step in that voyage, saying goodbye to the family and friends who had supported him at home and boarding an Amtrak train headed for Los Angeles.

He never made it. From the Albuquerque Journal:

A DEA agent boarded the train at the Albuquerque Amtrak station and began asking various passengers, including Rivers, where they were going and why. When Rivers replied that he was headed to LA to make a music video, the agent asked to search his bags. Rivers complied.

The agent found Rivers’s cash, still in a bank envelope. He explained why he had it: He was starting a business in California, and he’d had trouble in the past withdrawing large sums of money from out-of-state banks.

The agents didn’t believe him, according to the article. They said they thought the money was involved in some sort of drug activity. Rivers let them call his mother back home to corroborate the story. They didn’t believe her, either.

 

The agents found nothing in Rivers’s belongings that indicated that he was involved with the drug trade: no drugs, no guns. They didn’t arrest him or charge him with a crime. But they took his cash anyway, every last cent, under the authority of the Justice Department’s civil asset forfeiture program.


Sat, 05/16/2015 - 18:43 | 6101478 TeethVillage88s
TeethVillage88s's picture

Dutchboy this will piss you off. The story was updated 2 days ago guy got his money back, but is out like $22,000 in expenses. I posted it below.

The IRS Folds, Returns 100% of Lyndon McLellan's Money | Cato ...
www.cato.org/blog/irs-folds-returns-100-lyndon-mclellans-money
2 days ago ... After threatening Lyndon McClellan for publicizing his civil forfeiture case, the federal government folds and returns his money.

Sat, 05/16/2015 - 19:08 | 6101540 cherry picker
cherry picker's picture

Yeah, what about $22,000 it cost him.

DEA are thiefs, do the same shit as the cartels and they get pension benefits at the expense of the taxpayer.

DEA = Fast & Furious = Murder

Sat, 05/16/2015 - 18:35 | 6101457 kchrisc
kchrisc's picture

The only crimes committed were that of levying war against an American citizen--Article 3, Section 3, treason.

My Crimes Against the American People List (CAAPL), treason list, just keeps getting longer, and longer.

Liberty is a demand. Tyranny is submission.

Sat, 05/16/2015 - 18:51 | 6101493 Icelandicsaga.....
Icelandicsaga...............................................'s picture

Anyone still folowing all the 'laws' is an idiot .. if this nation people had any guts they would stop paying taxes . although wiht his govt... they can just print more money .. next time some idiot talks about fighting for our freedom . I am going to stick a rock up his ass till it pops out his mouth. STOP playing their game.. as Ovid said .. resist the beginnings or suffer the end. IF you still use banks . you deserve what you get .. even if you have to bury it in the back yard you are better off   USSA USSA .. we are done

Sun, 05/17/2015 - 02:43 | 6102289 Usura
Usura's picture

This is what the Greeks are doing

Sat, 05/16/2015 - 19:08 | 6101526 22winmag
22winmag's picture

Where are the Oath Keepers on this one? Where are the active duty law enforcement Oath Keepers on this one?

 

Queue up the chirping crickets.

Sat, 05/16/2015 - 19:36 | 6101598 UGrev
UGrev's picture

indeeeeeed.

Sat, 05/16/2015 - 21:11 | 6101825 Sixdeuce062
Sixdeuce062's picture

They were replaced with more loyal slaves, cant have enfocers that wont do what they are told

Sat, 05/16/2015 - 19:41 | 6101610 Ginsengbull
Ginsengbull's picture

He should just buy gold.

Sat, 05/16/2015 - 19:45 | 6101623 WTFUD
WTFUD's picture

It's just another .Gov FUCK YOOZ added to a LONG LIST of FUCK YOOZ.

Sat, 05/16/2015 - 19:58 | 6101662 loveyajimbo
loveyajimbo's picture

As an aside... our new AG Loretta "Lynch Whitey" is a HUGE proponent of asset forfeiture actions... she has confiscated zillions from everyday Americans.  Anyone shocked?

Sat, 05/16/2015 - 20:21 | 6101711 Trucker Glock
Trucker Glock's picture

Deleted

Sat, 05/16/2015 - 21:11 | 6101824 messystateofaffairs
messystateofaffairs's picture

The IRS is a criminal organization parading under dubious laws which courts do nothing to challenge. The lawyer for Mr. McClellan should get assistance in selecting a jury (or some members) unwilling to convict anyone for an IRS case. I personally would hang a jury if I were on it and would object to the validity of any taxation (this is not a taxation issue, but some bullshit about "structuring"). My take on a juror is that it is his responsibility to deliver justice, not law, to his fellow citizen. Justice is about right and wrong, law is some specious shit a politician writes in a book, it might be just or could be their continuing tyranny; a good juror should call bullshit on the tyrannies. There is nothing just about taxation or the IRS, and a single courageus juror has the power to do the IRS more damage than a group of armed citizens defending their property. Carry a gun but using your brain is the best weapon.

Sat, 05/16/2015 - 21:24 | 6101853 rejected
rejected's picture

The  U.S Government is a criminal organization parading under dubious laws which courts do nothing to challenge

Fixed it!

 

Tried to line through IRS but did not work when saved?

 

 

 

Sat, 05/16/2015 - 21:28 | 6101863 gwar5
gwar5's picture

I think McClellan told the IRS to fuck off because he had pro bono legal help from one of those outfits. I think it was The Rutherford Institute, and John Whitehead, who runs it.

If anyone ever feels like making a donation that's one of the best. They will not back down and will go to the mat. One reason these stories make it in the news is because they are involved and get it out there.

 

Sat, 05/16/2015 - 21:34 | 6101881 rejected
rejected's picture

So this is what 228 years of a constitutional republic yields.

Epic! 

Remember,,, Your vote counts!

Sat, 05/16/2015 - 21:47 | 6101896 Mr. Bones
Mr. Bones's picture

That's odd, didn't Holder say some words about Civil Asset Forfeiture recently?  I could've sworn that it was heralded as something good...

Sat, 05/16/2015 - 23:41 | 6102066 Polymarkos
Polymarkos's picture

Blood must be shed for this insanity to stop. When such oppression leads to death for the oppressors, only THEN will it stop.

Sat, 05/16/2015 - 23:52 | 6102083 spooz
spooz's picture

Little late on this story, ZH.  The guy is getting his money back.

http://www.cato.org/blog/irs-folds-returns-100-lyndon-mclellans-money

Sun, 05/17/2015 - 09:16 | 6102619 litemine
litemine's picture

Late?.......It still gives a heads up to those listening, Doesn't it?

Sun, 05/17/2015 - 00:16 | 6102130 luckylogger
luckylogger's picture

Good to hear he won..................

For now anyway..................

They have all kinds of laws, rules and other un constitutional bullsit.......

Just a reminder.... The cops in melrose FL stoled my rental car and money because he claimed he founde narcotics...........

It was a blood preasure med of my wifes that was not with us..............

Did not take our beer or potatoe chips and after they stold our car by the name of cowboy who weighed aprox 500 lbs and could not get in the car....

Cop drove the car onto "cowboys" tow truk and off it went....

Went to get it the next day...

Our wives came over from Tampa......

And he said 200 buks, we got it at an atm and then he said 500 buks....

Then said 600 buks and we told him to keep the fuking rental car..................

It cost me 800 but that fuker only got 100 max..............

They can take your shit anytime anywhere they want......

It is insane and you feel like you are in afrika or central amerika when it happens to you...............

They have fuked us big time all in the name of terrorism which kinda ryhmes with communism.................

They can do what ever they want if they want to...........

Good luck to all...........

Sun, 05/17/2015 - 01:57 | 6102254 zeroboris
zeroboris's picture

"the law permits the seizing agency to keep the assets and use them to expand  their activities without an appropriation from Congress"

I'm not very strong in your beautiful language. Can anyone explain me, does it mean that authorities can not only arrest your money but spend it for their needs?

With a shock from totalitarian, freedomless Russia.

Sun, 05/17/2015 - 03:24 | 6102316 Jack Daniels Esq
Jack Daniels Esq's picture

USG Ponzi is the biggest criminal organization in the world

Sun, 05/17/2015 - 04:04 | 6102342 honestann
honestann's picture

So now it is presumptively against the law to sell $9,000 worth of products at a convenience store in a day (and deposit the cash in their bank account), but perfectly legal to sell and deposit $11,000.

The predators are so out of control.

Note to all retailers.  When you collect cash, take it home, wrap it up securely in several layers of plastic-wrap, aluminum foil, zip-lock bags and other layers of other materials, then insert in a sturdy [food] container, then seal the cap on with glue or wax, then hide the sucker somewhere safe and secure.  That is, bury it in the woods where nobody can find it but you (keep records of GPS coordinates in the form of encoded and thus fictitious phone-numbers or social-security numbers or account numbers or something that nobody could possibly figure out how to decode).

Only keep money in banks that you need to pay immediate bills.  Cash?  Never turn that in.  Go convert cash to gold, and hide that securely too.  The predators will then cease to give you trouble for cash deposits.

Sun, 05/17/2015 - 04:04 | 6102344 Dexter Morgan
Dexter Morgan's picture

UPDATE: 

Federal Government to Return $107,702 Seized From North Carolina Convenience Store Owner  http://dailysignal.com/2015/05/14/federal-government-to-return-107702-ir...
Sun, 05/17/2015 - 04:06 | 6102345 Dexter Morgan
Dexter Morgan's picture

However, Johnson said it could be months before the government returns the money.

Though the government will return all of the money it seized from McLellan, it dismissed the case without covering the store owner’s legal fees and expenses, as well as interest on the money.

In 2000, Congress passed a law that entitles McLellan to those fees and expenses, which total more than $20,000.

How low can these fuckers get?

Sun, 05/17/2015 - 04:55 | 6102387 Allen_H
Allen_H's picture

Yip! We jealous of your freedoms ! Hahahahahaha.

Sun, 05/17/2015 - 06:07 | 6102440 whoisjg
whoisjg's picture

America is a economic "territory" not a nation, run for the enrichment of bankers and the 1% and the government only sees citizenship as a badge of slavery for its cattle along with birth genital mutilation for males. Cattle have no rights nor are we easily free to work anywhere else or get visas, even after feeding starving europe after world wars TWICE. 

 

The sooner you accept your slavery the sooner you can be happy again. 

Sun, 05/17/2015 - 06:07 | 6102441 whoisjg
whoisjg's picture

America is a economic "territory" not a nation, run for the enrichment of bankers and the 1% and the government only sees citizenship as a badge of slavery for its cattle along with birth genital mutilation for males. Cattle have no rights nor are we easily free to work anywhere else or get visas, even after feeding starving europe after world wars TWICE. 

 

The sooner you accept your slavery the sooner you can be happy again. 

Sun, 05/17/2015 - 07:46 | 6102526 cramers_tears
cramers_tears's picture

Update:  The cocksuckers gave the money back, but Institute of Justice says, "we're not through w/ these bastards!"

http://www.cato.org/blog/irs-folds-returns-100-lyndon-mclellans-moneydat

Oh, those sons-a-bitches!

Sun, 05/17/2015 - 08:23 | 6102567 scatha
scatha's picture

ZH already reported on this subject several times. I thing this is single most important issue what's wrong in US and it is directly stemming from US totalitarian policies. This type of financial control has no precedent except for darkest days of Stalin oppression in Soviet Union.
These were common practices of regular stores or financial services in USSR or curious snitch of neighborhood were asking from where you have money. If the money were not from government controlled source including inheritance they were seized under 100% tax law for undocumented income plus likely prosecution for hiding money from government, called tax evasion. It was way before “convenience” of electronic transfers.
RIGHT NOW anything can be seized in US with not judicial process whatsoever. Including your house, real estate, land, retirement accounts, income, everything you have while you still can buy a house for cash, no questions asked, as we see favored way to launder money for big shut banksters and drug dealers, usually the same people. We grunts have to sue government to get our hard earn money back after years of prohibitedly costly litigation why DOJ refused to prosecute billion dollars thieves.
Often costs of seizure after litigation below $10k is 80% loss above that 50% loss if you are successful at all so thousands of seizures of smaller amounts are never challenged even if they are baseless. Since these agencies that seize your money usually keep it, it amounts to robbery in daylight. But it's even worse in fact as shockingly it may sound there is no private property in legal sense in US at all as discussed here: https://contrarianopinion.wordpress.com/2015/01/19/property-of-none/
Just on legal note: USA is a corporation of states as only sovereign that delegate their functions and representation to a corporate offices in Washington DC. Foreign trade, defense, passport services, set up common laws for all states (so-called federal laws) etc., are examples of outsourcing of government services to DC.
The USA is formally just Washington DC area and that’s it, nothing more. The congress set up their own laws in DC since federal laws do not apply there, that’s why DC cannot be a state. The artificial construct of Electoral College is not a political compromise but most of all to cover up this fact that the USA is a private industrial and banking corporation owned by sovereign states run by huge land owners and industrial oligarchs.
That’s why we cannot vote for president directly but through electors who are in contrast to candidates for president, citizens of our own state alone. In direct presidential election in most cases it would be citizen of different sovereign state voting for citizen from another state, making direct election illegal. No country citizens, in the world can vote on somebody with different citizenship than they are even in EU. The same is in US. Legally US is not a county, this is penal colony run by 800 years old the same regime that originally stems from British private tyranny disguised as a government. It explains a lot.
There will be no true change without doing away with this acient regime and dissolution of the corporate behemoth called US.
We need true regime change.
https://contrarianopinion.wordpress.com/2015/01/07/regime-change-we-can-...

Sun, 05/17/2015 - 08:55 | 6102592 Brazen Heist
Brazen Heist's picture

But governments and the big banks are the BIGGEST launderers of money! Funny that.

HSBC just got fined, this guy simply isn't generating enough cashlfow to be treated like a cash cow that can be milked by government regulators, and slapped with a fine. That's the rotten system we have.

"Efficient markets", "democracy", "freedom".

Sun, 05/17/2015 - 08:59 | 6102597 cherry picker
cherry picker's picture

It is like getting raped and after a time of bad publicity they try and give your virginity back, it ain't happening.

Fuck the US Government and their terrorism. 

 

Sun, 05/17/2015 - 09:33 | 6102639 d edwards
d edwards's picture

these f ing laws were made to deal with the mob and/or drug cartels. now they are being used to brutalize honest people.

 

just stopand ponder how totally out of control .gov has become-it's truly nazi-like!

Sun, 05/17/2015 - 09:52 | 6102653 MEFOBILLS
MEFOBILLS's picture

I scanned comments looking for the monetarily aware.  Ace tinker mentioned real bills doctrine.  

That doctrine implies the real bills relate to actual goods sold.  This is ok, but in practice that often doesn't happen.  In the case of MEFO BILLS, Schacht made sure that general purchasing power (money) wasn't released until the goods were already in the market.  The general purchasing power later was recalled as taxes.

When private bankers issue real bills, history shows that the system is perverted.  Sorry - don't shoot the messenger.  

With regards to bankers wanting to take currency away from us.

Be advised that tangible money is bills and coins.  Our tangible money today is Credit.  Banker credit is on a ledger as ink or computer digits, and it can be represented by tangible coins and bills, what we call currency.

But, it is not really currency.  It is a representation of banker credit.  It originally came into being as a loan.

This is important, because words matter.  The definiton of the type of money is crucial to understand.  

Currency should be permanent money; that is, it doesn't disappear during loan payback.  Therefore, currency is permanent debt free money.  In the past, the government issued bills and coins from Treasury, which made up about 20 percent of money supply.  This was called base money, and it was currency.

So, when bankers today talk about no bills or coins, they just want to avoid having the hassle of transmuting their ledger numbers of credit, to take on physical form.  Also, their credit is ledger accounting entries, and if they have complete control of their ledgers, they have more control over you.

They want to keep loaning into existence the money supply, and therfore as loaners, they are owners of humanity.  An unelected cabal will continue to direct humanity via the money power.

 

We actually need our money supply to be currency.  New currency theory converts the existing money supply from credit to become currency.  

 

I cannot stress enough how world changing a simple law change would be, which then changes the nature of money.  We have it within our legal power, but private money powers have induced hypnosis, and it grips the world.  

As an aside, commentators here often conflate money power and government.  Splitting monetary policy (new money issuance) and tax policy (fiscal), and separating it by law, will put these elements of money in their proper spheres.  

www. sovereignmoney.eu

Sun, 05/17/2015 - 10:05 | 6102708 roadhazard
roadhazard's picture

What's he putting that much money in a bank for anyway? You put just enough in to run your business or household.

Sun, 05/17/2015 - 10:26 | 6102760 smcninch
smcninch's picture

What we probably can't see is that there is a wealthy group trying to develop the site where this store sits. Sine he has decided not to sell, they have asked their cousin, the banker, to help out. Assimilation to Govopoly at work.

Sun, 05/17/2015 - 10:39 | 6102778 TacticalZen
TacticalZen's picture

In a world of asymmetric power by the government, consider:

A Federal Gold Match .308 cartridge is only $2

Materials for a decent, remote detonated thermobaric weapon only $500

Much more cost effective don't you think?  When people become practical change will arrive.

Sun, 05/17/2015 - 11:55 | 6102947 random999
random999's picture

settlement of 50% ????

WTF? If he is guilty of something, charge him for it. If he's not, why would he agree to just getting back 50%??

If I was him I'd eighter 1# get back 100% + compensation for lawyers other expenses and wasted lifetime, or #2 do a suicide rampage at the policestation.

Sun, 05/17/2015 - 13:56 | 6103261 painlord-2k
painlord-2k's picture

http://www.econlib.org/library/Enc1/Crime.html

"The argument is probably true, but the conclusion—that permitting both criminals and victims to have guns will help the criminals—does not follow. To see why, imagine that the result of legal handgun ownership is that one little old lady in ten chooses to carry a pistol in her purse. Further suppose that, of those who do, only one in ten, if mugged, succeeds in killing the mugger—the other nine miss, or drop the gun, or shoot themselves in the foot.


On average, the muggers are winning. But also on average, each one hundred muggings of little old ladies produce one dead mugger. Very few little old ladies carry enough money to be worth one chance in a hundred of being killed. Economic theory suggests that the number of muggings will decrease—not because the muggers have all been killed, but because some of them have chosen to switch to safer professions."

Take the mugger and put these enforcer, take the old lady and put these business owners.
Just delay the application of violence and the possible targets of retaliation to the closest blood relatives (usually the descendants).
Make it economically untenable for them to do what they do.

Take advantage of modern technology like Bitcoin, the deep web, drones, etc.
There are a lot of ways to skin a cat or a tiger.
If they destroy you, you have nothing to lose by destroying them. 

Sun, 05/17/2015 - 13:13 | 6103148 mordoric
mordoric's picture

Ok , the wealth of banks are made with people's money so what about if everybody takes their money away from

 all their accounts all at once then would these I R S organism start to really worry about loosing their jobs . We should all get away with the banking system and create another system in between the little people away from the rich ones who wants to control and cheet !

 

Sun, 05/17/2015 - 13:33 | 6103194 painlord-2k
painlord-2k's picture

"We should all get away with the banking system and create another system"

Like Bitcoin?

If he had his money in bitcoin, he would not had it seized by thugh.
They should had kidnapped him, tortured him and forced him to give it.
But this imply a lot more danger for the thugs. 

Sun, 05/17/2015 - 13:33 | 6103195 painlord-2k
painlord-2k's picture

"We should all get away with the banking system and create another system"

Like Bitcoin?

If he had his money in bitcoin, he would not had it seized by thugh.
They should had kidnapped him, tortured him and forced him to give it.
But this imply a lot more danger for the thugs. 

Sun, 05/17/2015 - 13:36 | 6103207 painlord-2k
painlord-2k's picture

Suggestion: make a public record of the thugs doing this, from the prosecutors, to the police/FBI/ATF agents, with addresses, photos, etc.
Like with criminals, the 90% of the bad things are done by the 10% of them. 

Sun, 05/17/2015 - 13:36 | 6103208 painlord-2k
painlord-2k's picture

Suggestion: make a public record of the thugs doing this, from the prosecutors, to the police/FBI/ATF agents, with addresses, photos, etc.
Like with criminals, the 90% of the bad things are done by the 10% of them. 

Sun, 05/17/2015 - 14:07 | 6103294 F em all but 6
F em all but 6's picture

Under the federal constitution, a citizen cannot be deprived of property without due process of law. Which brings up an interesting question. Does a citizen have a property right in debt based fiat? If yes, then the statute relied on as read and enforced is unconstitutional as applied. Moreover we are dealing with administrative agencies operating under the federal taxing powers. Yes, drug money and gains can be summarily siezed. Summary and plenary in nature. gov makes a claim under the controling statute and then takes what it wants. We have to sue for a refund and the burden is on us. You can thank the courts for this bullshit. If anything, the lawyers and the judiciary deserve to be the first hanging from the lamposts. They enabled this shit. Think about it. The law proscribes purely innocent activity protected by the constitution. Want to challeng it? Great. Prepare to go bankrupt in the process. Thats why the majority dont fight back. Applying a doctrine of substance over form, the entire system constitutes legalized extortion.

 

And on a separate not, fuck the banks and fuck the IRS. Stay in the system at your own risk. And people will stay in the system because Americans as a class are a bunch of brain dead idiots that deserve everything they get. Good and hard.

For the rest that are paying attention. Prepare for civil war. Its coming.

Sun, 05/17/2015 - 23:38 | 6104655 Deathstar
Deathstar's picture

Yet another citizen has learned the hard way how much of a bastion of legalized crime and fraud this government has become.

Time to move out.

Sun, 05/17/2015 - 23:47 | 6104673 Deathstar
Deathstar's picture

In the old days, people were more educated even in simple math and common sense. They did not trust the banks for well founded reasons as many are finding out.
There are NO good reasons to keep anything in banks now considering that there are nothing BUT liabilities.

Bank holidays
Tracking
GOV snooping
GOV stealing
Bankster stealing
Gov Fraud
Bankster Fraud

...and they don't even pay you interest for the pain and possible theft and harassment you may endure for using their "bank".

Take the cash, turn it into real wealth (Au and Ag) and bury it in the ground.

No records to harass you with
Banksters and GOV cannot steal from you
Only you and the earth know your business
Your funds are ALWAYS available 24-7-365

(And you are helping to stop the fraud by starving the beast)

Glass jars are safer than "safe" deposit boxes.
Just like the old timers used to do.

Mon, 05/18/2015 - 18:26 | 6107438 are we there yet
are we there yet's picture

The Amish are looking smarter every day.

Do NOT follow this link or you will be banned from the site!