Skip to comments.Report: IRS refuses to give back $59G to vet after seizing his business cash
Posted on 10/17/2017 2:38:28 AM PDT by markomalley
The Internal Revenue Service is reportedly refusing to give back more than $59,000 to U.S. military veteran after it seized his gas stations cash during a raid that found no evidence of criminal activity.
Oh Suk Kwon, 73, a South Korea immigrant who came to the U.S. back in the 1970s and served four years as a fleet mechanic in the U.S. army, bought a gas station in Maryland in 2007 following decades of work at an electrical plant as an auto mechanic.
When I came to the United States, I had to do something for the country, he told the Washington Post. He later became a U.S. citizen.
Following an honorable discharge, he continued pursuing the American dream, telling the paper: My whole life was work, work, work.
But just several years after opening the gas station, IRS investigators seized all the stations cash more than $59,000 leaving the Kwon family cash-strapped, even though no evidence of criminal wrongdoing was found by the government, the paper reported.
(Excerpt) Read more at foxnews.com ...
Civil asset forfeiture and other government seizures without a serious felony conviction disgust me. That is simple theft, and it is shockingly immoral - even by government standards.
Paging President Trump!!
Unfortunately, the article states he did say he structured (deposited less than $10,000) because the bank told him to so he could avoid a lot of paperwork.
Trump doesn’t care. He appointed the biggest supporter of this type theft to be Attorney General.
And then the bank reported him for "structuring" his deposits. Sounds like a set up.
The whole notion of “structuring” deposits as a crime is absolutely ludicrous!! That is a law which needs to be purged from our legal system forever.
Sure, if someone seems to be limiting the size of individual deposits, possibly to avoid reporting requirements, that may be a cause for “further investigation.” BUT, only evidence of actual CRIMINAL acts should matter at that point.
Depositing one’s own money, in any increments at all, should not be a crime. Only further evidence showing that the money is derived from any criminal acts should have anything to do with prosecuting or penalizing someone.
So, every single small business owner who makes nightly deposits less than $10,000 is a criminal??????
Calling it a nice name doesn’t change the reality. The government has no right to do this, and is committing a crime.
I think we are missing part of the story. The guy may not have had the proper cash register receipts/accounting to prove where the money came from. This has been the case for similar stories.
At the point where we are becoming enslaved, liberty or death?
Outrageous and infuriating.
By insuring only 10K cash on hand against robbery reduced their insurance payments.
Fortunately for them, they enlisted the Institute for Justice and they won their case against the IRS.....
One thing that stands out is that a lot of people accused of ‘structuring’ do so on the advice of their local bank to ‘avoid paperwork’. I’m betting the local bank then turns around and notifies the Feds, and probably receives some type of reward.
Of what you say is valid where are the charges? Any evidence at all of a crime?
Oh yeah, forgot about the whole guilty until proven innocent thing we make South Korean immigrant vets live under. The IRS is perfectly justified here then. /s
That’s because they treat everyone with cash as if they are laundering money - this government that rules us
Try to make a large deposit or withdrawal
This man deserves better treatment by his government, our government
...Unfortunately, the article states he did say he structured (deposited less than $10,000) because the bank told him to so he could avoid a lot of paperwork...
The bank does the “paperwork.”
this was done under obama’s watch. Obama taking from legal immigrants but giving everything to illegals.
I wasn’t passing judgement, just pointing out the lack of info in the article. The link to the Wapo article doesn’t provide any better info.
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