Forum Discussion
msmith1199
Aug 30, 2015Explorer II
FormerBoater wrote:
It gets worse than this, if you read the entire article you will learn about the convenience store owner in NC that regularly made deposits just under the $10K threshold where the bank has to file an SAR (Suspicious Activity Report).
The government swooped in and confiscated his company bank account and then wanted him to settle out of court if they returned half of the money.
Bottom line: Law Enforcement working for the state or federal government participates in (regrettably lawful) confiscation of private citizens funds with little recourse for the citizens.
I was going to recommend writing your elected officials to stop this disgusting practice, but then I remembered they are all on their August "break" before resuming their 3 day work weeks in our nation's capital.
We the citizens need to pay closer attention to what is being done in this country.
I assure you there is more to that story. There are a million cash businesses in this country that generate these types of SARS and CTRS every day. For the government to go in and seize his money there had to have been evidence he was doing something illegal, even if it was only income tax evasion.
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